Equity savings account

Topical

The OP equity savings account continues to evolve

The OP equity savings account will continue evolving and offering a wider range of possibilities.

With the first version, you can trade in listed stocks of Finnish companies. In the future, you will be able to:

Buy and sell stocks listed on foreign exchanges.
Open an equity savings account for a child or legally incompetent person.
Transfer an equity savings account from another bank to us.
Open an account, with your guardians’ consent, if you are under 18 years old.
Open an account at op.fi or your OP cooperative bank.

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Share transactions and dividends in the account are not taxable.

You can deposit a maximum of 50,000 euros into an equity savings account, on a lump-sum basis or in instalments.

You only pay tax on the profit when withdrawing money.

Open an equity savings account in OP-mobile

With the equity savings account, you can invest, tax-free, in listed shares of Finnish companies: no tax is levied on sales and dividends within the account. This enables you to benefit from the compound interest effect and provides the best opportunity for good returns. Time is an investor’s best friend, so start now!

How do I open an equity savings account?

You can open an account and start trading on OP-mobile. This is free of charge and takes just a few moments. Please note that you cannot open an equity savings account for a child or legally incompetent person.

Check from the app store that you have the latest version of OP-mobile.
Log into OP-mobile.
Go to Investments.
Select Open an equity savings account.
Select Start and read the instructions.
Select the investor’s or saver's service package. You can switch service package if there is a change in your investment needs.
Select the start amount and the account to be debited.
Read the terms and conditions and documents, and select Accept.
Confirm the opening of the account.
You have now opened an account and can buy shares.

How much do I have to pay for an equity savings account?

Opening an equity savings account is free of charge, but you will need the saver’s or investor’s package to invest in stocks. The service package includes all you need – custody, equity and market analyses, and stock recommendations. It also determines the brokerage fees for trading. You select a service package when opening an equity savings account on OP-mobile.

Open an equity savings account now and trade in shares, free of monthly charges, for the current and next calendar month. You can also make orders for free for the first 30 days. After this, you must pay the brokerage fees specified in the list of charges and fees.

As an OP cooperative bank owner-customer, you will get the following benefits:

Equity savings account and securities custody €0
Saver’s or investor’s service package from €0
Equity and market analyses and recommendations €0

You can transfer 50,000 euros to an equity savings account.

You can only transfer money to an equity savings account: you cannot transfer shares you already own, ETFs or other products quoted on the stock exchange. You can deposit up to 50,000 euros in an equity savings account, on a lump-sum basis or in instalments. The value of your investments can then rise above or fall below this amount.

How to transfer money to equity savings account:

Log into OP-mobile and go to Investments.
Select Equity savings account.
Select Deposit.
Type in the amount to be deposited into the equity savings account, specify from which account the amount is debited and select Deposit.
Enter Mobile key PIN and select Confirm.
The deposit is completed, and you can now buy shares.

Equity savings account (ESA) – taxation and dividends

With an ESA, or equity savings account, you can trade in shares tax-free. No tax is payable on sales of stocks and possible dividend payments. Returns are only taxed when you withdraw funds from or close your equity savings account.

When you withdraw funds from an equity savings account, they are divided into capital (the amount you deposited) and profit (the return made on the deposited amount). The profit is taxed as capital income. The first 30,000 euros of profit is taxed at 30% and profit above that at 34%. This also applies to dividends. The capital you invested in the account is not taxed. Any losses are tax-deductible if you close the equity savings account, i.e. sell all stock and withdraw all funds from the account.

You can deposit funds into the equity savings account and invest them in equities. Capital gains and dividends are tax exempt unless withdrawn from the account. This means that you can reinvest the funds within the account without paying taxes first, allowing you to get the full benefits of compound interest. You can withdraw funds from the account at any time. You only pay taxes when withdrawing funds.

What kind of investor does an equity savings account suit?

An ESA, or equity savings account, is suitable for everyone interested in investing in stocks. It best suits investors with a long-term horizon, who occasionally update their portfolio contents and re-invest income and dividends accrued.

You can open an equity savings account if you are a customer of an OP cooperative bank. Please note that you can only have one equity savings account at a time i.e. you cannot open another equity savings account with another bank at the same time.

Equity savings account or book-entry account?

Equity savings account

You can only deposit money, the maximum deposit is 50,000 euros.
Traded products: stocks
Capital gains tax of 30—34% is payable when you withdraw money
Dividends are paid into an equity savings account tax-free and can be re-invested.
In the long run, it is worth keeping Finnish dividend shares on your equity savings account.
Regarding taxation, it is worth buying only Finnish shares for the account.
Capital losses are tax-deductible when you close the account and withdraw funds from it.
You can only have one equity savings account.

The equity savings account is the option if you want to reinvest dividends and any possible capital gains.

Open an equity savings account

Book-entry account

No deposit limit. You can transfer shares you already own and ETFs to a book-entry account.
Traded products: stocks, funds, ETFs and ETPs.
Subject to annual taxation: 30—34% on capital gains and 25.5—28.9% on dividends.
Dividends are paid into the account of your choosing.
In most cases, tax at source in excess of the Finnish dividend tax rate is taken into account and refunded in Finnish taxation.
Capital losses are tax-deductible in annual taxation: the deduction can be transferred to capital gains in the current and subsequent five years.
There is no limit on the number of book-entry accounts you can hold.

The book-entry account enables you to diversify effectively and it suits all investors.

Open a book-entry account

Combining an equity savings account and book-entry account is optimal in many cases, because only stocks can be bought with an equity savings account. This enables you to spread your investments widely. Which account is best will depend on the investment horizon, products and targets. The ease of using an equity savings account can be more important than benefiting optimally from both account types.

Investment horizon		Book-entry account	Equity savings account
Long-term	Finnish dividend shares		x
	Finnish growth companies	x
	Foreign dividend shares	x
	Foreign growth companies	x
Short-term	Finnish dividend shares		x
	Finnish growth companies		x
	Foreign dividend shares		x
	Foreign growth companies		x

Equity savings account price list

Learn about the equity savings account price list.

Equity savings account or book-entry account?

Have you thought of which account should be chosen for investment: an equity savings account or book-entry account?

As an owner-customer you can invest in equities at lower cost

You get comprehensive investment benefits as an owner-customer.

Stocks and investing in stocks

Investment products and services.

The equity savings account product is provided by OP Financial Group. When investing, it’s wise to remember the related risks. An investment’s value can either rise or fall, and there are no guarantees of recovering all your invested capital. OP doesn’t guarantee a return on your investment, and past performance is no guarantee of future performance. Taxation is based on each customer’s circumstances and can change.