Group yield

Let’s make money on each other’s money!

Group Interest Account is the first collective account in Finland and a new way of saving money collectively.

  • Saving into Group Interest Account covers a certain period during which each account holder saves money into his own Group Interest Account.
  • Even small amounts will generate a big sum. The larger the interest amount paid on the account, the larger the total deposited amounts.
  • At op.fi and on OP-mobile, you can view how many depositors are involved, how much money has been deposited and how the interest develops.
  • The deposit interest rate is determined by each lot.
  • It also pays to follow how long the distance is to the next interest level and to suggest friends making a deposit.
  • The contribution period is followed by a fixed-term deposit period after which the deposited funds with interest will be paid into your current account.

Money deposited into the Group Interest Account generates OP bonuses to you. Learn more under the section ‘Owner-customer benefits and OP bonuses through banking services’!

One hundred euros is enough to get you started, but you can make additional deposits throughout the contribution period. It’s exciting to watch how high the interest rate rises for the group! 
Kati Vauhkonen‚ Service Advisor, OP Helsinki
Deposit interest rate and withdrawals

The annual interest rate on a given Group Interest Account lot is confirmed for a fixed period at the latest on the banking day following the last day of the contribution period. The interest rate depends on the total amount of deposits received.

An interest rate is also determined for each lot for the contribution period. The funds may be withdrawn when the fixed deposit period ends.

The principal and the deposit interest fall within the scope of deposit insurance up to the amount prescribed by law. OP Financial Group member banks are considered a single bank from the perspective of deposit guarantee.

Account terms and conditions

The General Terms and Conditions for Accounts for Private Customers apply to the Group Interest Account.

Owner-customer's OP bonuses and benefits from banking services

As an OP cooperative bank owner-customer, you get OP bonuses that decrease your banking and insurance service charges. As an OP cooperative bank owner-customer, you get 40% more OP bonuses compared to the normal level of 2022. We will continue the familiar benefit until the end of 2025.

OP bonuses come from

  • funds in savings accounts
  • home loans, student loans and secured bank loans
  • mutual fund units and unit-linked insurance
  • paid insurance premiums, such as home and motor vehicle insurance and continuous travel insurance.

OP bonuses are tax-free. Because of that they are automatically used for loan service and origination fees and insurance premiums, among other things.

Read more about OP bonuses

As an owner-customer, you also get significant benefits and discounts. For example, you will get daily banking services without monthly charges until the end of 2025 and interest on your Current Account. Furthermore, you'll enjoy lower saving and investing costs than usual.

See all owner-customer benefits