Nordea review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Nordea's easy-access savings account suits savers in Finland who want their money on demand and a fixed rate of 0.4% to 3%, with a monthly fee of €0 and a minimum deposit of €0. The bank is Nordea Bank Oyj, supervised in Finland by Finanssivalvonta, and savings sit under the EU deposit guarantee.
Key facts
- Best for
- Fixed-rate, on-demand savings for savers resident in Finland.
- Headline rate
- 0.4% to 3%↗
- Rate type
- Fixed↗
- Term
- 12 to 96 months↗
- Minimum deposit
- €0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Withdrawals and deposits at any time, no limits on deposit amount or term, covered by deposit guarantee↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Legal entity
- Nordea Bank Oyj↗
- Headquarters
- Finland↗
- Founded
- 2000↗
- Support channels
- Chat, Phone, Help-centre↗
- Pricing model
- No monthly fee, Fixed rate
- Official website
- nordea.fi
Loans
- APR
- 23.3%↗
- Loan amount
- €2,000 to €50,000↗
- Arrangement fee
- 0.00 EUR↗
- Credit check
- Hard↗
- Funding time
- Usually decided same day, at latest within a few days; money paid to the account immediately after approval, Mon-Sun 07.00-22.30↗
- Representative example
- Joustoluotto 8 000 EUR, 3M euribor + 8.9% margin, nominal 10.975%, 76 months, APR 15.0%, total cost 12 143.07 EUR, opening fee 0 EUR↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Existing Nordea customer with Nordea bank credentials, at least 18 years old, regular income, no payment default entries, permanently resident in Finland↗
- Loan types
- Personal, Debt-consolidation, Car, Student, Secured, Credit-line↗
- Credit needed
- Good↗
- Use cases
- Home-improvement↗
- Features
- Travel
Credit cards
- Annual fee
- €35.88↗
- Currency conversion fee
- 2.5%↗
- Rewards type
- None↗
- Perks
- Tuoteturva product safety insurance included, Optional K-Plussa add-on feature, Mastercard Priceless presale and event offers, 30-day interest-free payment period on card purchases, Free additional cards for family members↗
- Card kind
- Credit↗
- Audience
- Kids
Mortgages
- Initial rate
- 3.21%↗
- APRC
- 3.4%↗
- Fixed period
- 3 to 15 years↗
- Maximum loan to value
- 95%↗
- Product fee
- from €300↗
- Purpose
- Purchase, Remortgage, First-time-buyer, Buy-to-let, Home-equity↗
Facts checked September 26, 2026, 13 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- A fixed rate of 0.4% to 3%, a monthly fee of €0 and a minimum deposit of €0.
- Savings sit under EU DGS up to EUR 100,000.
- Help is available by chat, phone and help centre.
Cons
- The debit card charges a currency conversion fee of 2.5%.
- Free ATM withdrawals are limited to €0 to €4 on the debit card.
- The credit card adds an annual fee of €35.88 at an APR of 23.3%, and its rewards type is none.
Who it suits
- Savers in Finland who want money available on demand rather than locked into a term deposit.
- People who want their euros held under EU DGS up to EUR 100,000.
- Households that also want a mortgage, a flexible credit and cards from one bank.
Who should look elsewhere
- Not for savers after the biggest headline rate: Finteres lists 0% to 36%.
- Not for savers who want a little more from easy-access money: Wise pays 3.29% and bunq pays 3.01%.
How Nordea compares
9.1 vs 8.0
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Where Nordea is available
- Available
- Denmark, Finland, Germany, Norway, Sweden
- Licence in Finland
- Finanssivalvonta (Financial Supervisory Authority), checked September 26, 2026
- Licence in Germany
- European Central Bank, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does Nordea pay on its easy-access savings account?+
Nordea pays a fixed rate of 0.4% to 3% on the savings account, with a monthly fee of €0 and a minimum deposit of €0. The account kind is easy access, so savings stay reachable while they earn interest. The access terms also let you deposit at any time.
How much do I need to open it?+
The minimum deposit is €0, so an account opens with a single payment. Nordea also charges a monthly fee of €0. On minimum deposit it ranks 1 among 379 brands compared, so a small balance is enough to get going.
Is my money protected?+
Savings sit under EU DGS up to EUR 100,000, and the access terms repeat that the account is covered by the deposit guarantee. Nordea trades as Nordea Bank Oyj and appears with Finanssivalvonta in Finland and the European Central Bank in Germany. The rate is fixed, so returns do not move with market rates.
How does that rate compare with other brands?+
Nordea's fixed rate runs 0.4% to 3% on easy-access money, and 4.15% marks the top quartile across brands here. Wise pays 3.29% and bunq pays 3.01%, so both sit above Nordea's top end. Finteres lists a wider spread of 0% to 36%.
What does the debit card cost to use?+
The card is a debit card on the visa network, and it charges a currency conversion fee of 2.5%. Free ATM withdrawals run to €0 to €4. The card targets kids and travel, so it is built for family spending and holidays. Spending abroad is where the conversion fee bites hardest.
Can I borrow from the same bank?+
Yes. The flexible credit runs amounts of €2,000 to €50,000 over terms of 12 to 96, and Nordea is a direct lender. Applications use a hard credit check and ask for good credit, with an opening fee of 0.00 EUR and early repayment free. Decisions usually come the same day, with the money paid over straight after approval.
Does Nordea offer a mortgage?+
Yes. Nordea offers mortgages at an initial rate of 3.21% with an APRC of 3.4%, up to a maximum loan to value of 95%. A product fee of from €300 applies, and the fixed period runs 3 to 15. Purposes include purchase, remortgage and first time buyer.
Sources
- en.wikipedia.org/wiki/Nordea checked September 26, 2026
Backs: Founded
“By end 2000, MeritaNordbanken had further merged with Christiania Bank og Kreditkasse of Norway, a process started in 1999 and changed its name to Nordea.”
- nordea.fi/en/personal/our-services/credit-payment-cards/n... checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Card type, Features, Currency conversion fee, Card network
“Cash withdrawals from bank account at an ATM, 1-4 withdrawals per month 0,00 EUR; 5 or more withdrawals per month per withdrawal 1,00 EUR”
- nordea.fi/henkiloasiakkaat/hinnat/hinnat.html checked September 26, 2026
Backs: Loan types
“Kulutusluotot ja Opintolaina: Joustoluotto, Vakuudellinen laina, Opintolaina, KotiJousto, LyhennysJousto”
- nordea.fi/henkiloasiakkaat/nordea.html checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“Nordea Bank Oyj Osoite: Satamaradankatu 5, 00020 NORDEA, Helsinki”
- nordea.fi/henkiloasiakkaat/palvelumme/lainat/asuntolainat checked September 26, 2026
Backs: Purpose
“Asuntolaina for buying a home; ASP-laina is the mortgage for a first-time buyer; Sijoitusasuntolaina is a mortgage for buying an investment home; Taloyhtiölaina omaksi is for switching your existing...”
- nordea.fi/henkiloasiakkaat/palvelumme/lainat/asuntolainat... checked September 26, 2026
Backs: APRC, Initial rate, Maximum loan to value, Product fee
“The effective annual interest rate (todellinen vuosikorko) of the Asuntolaina example is 3.4%, and it includes a EUR 640 opening fee”
- nordea.fi/henkiloasiakkaat/palvelumme/lainat/asuntolainat... checked September 26, 2026
Backs: Fixed period
“You can choose a fixed rate for 3, 5, 10 or 15 years on a loan of over EUR 20,000 (kiinteakorkoinen asuntolaina)”
- nordea.fi/henkiloasiakkaat/palvelumme/lainat/kulutusluoto... checked September 26, 2026
Backs: Loan amount, Credit check, Credit needed, Eligibility, Free early repayment, Funding time, Lender type, Arrangement fee, Representative example, Term, Use cases
“Joustoluoton määrä on 2 000 eurosta 50 000 euroon ja takaisinmaksuaika 1-8 vuotta.”
- nordea.fi/henkiloasiakkaat/palvelumme/maksu-luottokortit/... checked September 26, 2026
Backs: Rewards type
“Cashback - Ei (Nordea Credit)”
- nordea.fi/henkiloasiakkaat/palvelumme/maksu-luottokortit/... checked September 26, 2026
Backs: Annual fee, APR, Card kind, Perks
“Nordea Credit maksaa 2,99 euroa kuukaudessa (monthly fee 2.99 EUR, annualised x12)”
- nordea.fi/henkiloasiakkaat/palvelumme/saastaminen-sijoitt... checked September 26, 2026
Backs: Account kind, Minimum deposit, Pricing model, Monthly fee
“EtuTili sopii hyvin varakassaksi ja myos lyhytaikaiseen saastamiseen: voit nostaa tililta rahaa tai tehdia lisatalletuksia ilman rajoituksia.”
- nordea.fi/henkiloasiakkaat/palvelumme/saastaminen-sijoitt... checked September 26, 2026
Backs: Access terms, Headline rate, Rate type
“EtuTililta voit tehdia tilisiirtoja ilman rajoituksia. Talletussummalle ja -ajalle ei ole rajoituksia.”
- nordea.fi/henkiloasiakkaat/palvelumme/verkko-mobiilipalve... checked September 26, 2026
Backs: Support channels
“Tuki-valilehdeltä loydit verkkotapaamisiin liittyvat palvelut, voit chattaa ja soittaa tunnistautuneena asiakkaana Nordeaan”
Compiled from 13 source pages, checked September 26, 2026. We did not open an account.