Savings and investments
Frequently asked questions
Where can I find the price list for saving and investing?
How do I start saving while paying off a home loan?
Can a minor save and invest money?
How do I start a monthly investment in funds for a child?
Book-entry account for a child – How do I open a book-entry account for an underage child?
How long does it take buy or sell mutual fund units?
How do I start investing in mutual funds?
How do I start monthly investment in funds?
How do I redeem my mutual fund assets?
How do I start investing in stocks?
How do I place a share order?
Should I buy equities on an equity savings account or a book-entry account?
How can I transfer my book-entry account to OP?
How are dividends taxed?
How do I withdraw assets under savings or unit-linked insurance policies?
Can I withdraw pension insurance savings prematurely?
How do I change my payment plan for saving through insurance?
Where can I find the price list for saving and investing?
You can all find all charges and fees for saving and investing in the list of investment charges and fees.
See our list of investment charges and fees
How do I start saving while paying off a home loan?
It often takes many years to repay a home loan, so it therefore pays to start saving while repaying the loan. When you save money while repaying the loan, you’ll have a home of your own after the loan term and a sum of money saved with a good return. You can also extend your loan term and keep your monthly expenses unchanged while investing in a mutual fund.
Read why saving while paying off a loan is smart
Can a minor save and invest money?
Young people aged between 15 and 17 can save and invest independently on OP-mobile with their parents’ or guardians’ consent. After the consent is given, the young person can view and make changes to all their owned savings and investments. Please note that the authorisation does not apply to possible insurance assets.
The young person can buy and sell funds and invest in stocks through a book-entry account. Minors cannot buy complex investment products or investment products listed outside the European Economic Area. Complex investment products include complex investment funds and ETFs, structured investment products, warranties and certificates.
Learn more and authorise a young person to save and invest independently here
How do I start a monthly investment in funds for a child?
You can begin saving for a child in the op.fi service. You’ll need to open a current account for the child and get consent from both guardians. Before investing, the guardians must accept the OP Savings and Investments Agreement and activate custodial services for the child.
Book-entry account for a child – How do I open a book-entry account for an underage child?
Before opening a book-entry account, the minor needs a personal current account, and they must be an OP customer. At least one of the parents must also be an OP customer. If the child does not have a personal current account, you can easily open one online.
Open a current account for a child here
Opening a book-entry account for a child can be done easily online. Fill in the details of the minor and guardians in the form. Determine the current account for payment of pay capital gains and dividends. In the Electronic Signature Service, the guardians approve the opening of the book-entry account and the OP Savings and Investments Agreement if the minor doesn’t yet have one. We will then open the book-entry account. After opening a book-entry account, you can invest in stocks and ETFs easily on OP-mobile and in the op.fi service on behalf of your child.
Open a book-entry account for a child here
Read more about the book-entry account for a child
Trading with the child’s book-entry account is possible with the guardians’ User ID on OP-mobile and in the op.fi service. The child can personally trade at the age of 18 or, with the guardians’ consent, after they have reached the age of 15.
How long does it take buy or sell mutual fund units?
In most mutual funds, a buy and sell order takes one weekday. This means that a buy or sell order you have made before 16.00 on a weekday will be shown in your portfolio on the next weekday.
In some special common funds, buy orders are executed four times a year and sell orders twice a year. After this, the fund is valued. Valuation generally takes 20 days, after which you can view your executed buy and sell transactions in your portfolio. Valuation may take longer if the fund’s assets need to be realised to pay for redemptions.
For more detailed information, see the fund rules.
How do I start investing in mutual funds?
You can easily start investing on OP-mobile or the op.fi service by making a one-off investment or by starting monthly investing. You can change your investment amount, put your investing on hold, switch to another fund or sell your investments. The money will be transferred to your account within 1–2 banking days.
Learn more about our range of mutual funds and choose the fund that you want by clicking Buy. If you wish to discuss the options available to you, use the chat feature at op.fi (in Finnish) or OP-mobile (in English) or call our Customer Service at 0100 0500 (Mon–Fri 8–16 mobile charge/local network charge). You can also book an appointment.
Before you can get started, you need to sign an OP Savings and Investments Agreement. You can sign the agreement when buying the fund.
How do I start monthly investment in funds?
You can start monthly investment easily on OP-mobile and at op.fi.
Learn more about monthly investment
How do I redeem my mutual fund assets?
Redeeming or selling fund units is easy on OP-mobile or the op.fi service.
How do I start investing in stocks?
To get started, you’ll need an OP user ID and account. For equity investment, you need to open a book-entry account or an equity savings account. At the same time, you can choose an investment service package that suits you. After this, you can begin investing in stocks on OP-mobile and at op.fi.
Learn more about investing in stocks
Should I buy equities on an equity savings account or a book-entry account?
The answer depends on your investment strategy, in other words, how long your investment horizon is, in what investment vehicles you invest and what your investment targets are. In many cases, a combination of an equity savings account and a book-entry account is the best option if you want to take advantage of the benefits of both accounts.
Learn more about the differences between an equity savings account and a book-entry account
How can I transfer my book-entry account to OP?
You can transfer a book-entry account here > (only in Finnish)
Please note that there is a delay of 5 weekdays when transferring a book-entry account, during which you won’t be able to trade in stocks.
How are dividends taxed?
The taxation of dividends depends on your amount of capital income and whether you have invested in an equity savings account or book-entry account.
- The tax rate of the equity savings account is 30% or 34%, depending on your capital income
- The tax rate of the book-entry account is 25.5% or 28.9%, depending on your capital income
With the equity savings account, dividends are taxed only when you withdraw funds from the account. Dividends paid to a book-entry account are taxed annually.
How do I withdraw assets under savings or unit-linked insurance policies?
Surrendering an OP Unit-linked Insurance policy can be done by messaging us on OP-mobile or the op.fi service. As the message subject, select Endowment, life and pension insurance (Säästö-, henki- ja eläkevakuutukset). When sending the online message, you will find more detailed instructions on what to include in the message.
Message us here > (only in Finnish)
If you want to leave the insurance in force, you cannot withdraw all assets. You can check the minimum amount to be left by calling OP Life Assurance Company’s customer service at 010 253 6100 (Mon–Fri 8–16). The processing time of the application is 1–2 weeks.
Alternatively, you can book an appointment for a meeting at a bank branch. Bring a valid personal photo ID document with you to the meeting.
Can I withdraw pension insurance savings prematurely?
The criteria for the surrender of voluntary pension insurance are stipulated by law and by the terms and conditions of pension insurance. You can withdraw savings either fully or partially before the insurance falls due for payment, only if certain specific criteria for surrender are met.
Such surrender criteria include:
- the insured person’s marriage has ended in divorce or the spouse’s death
- the insured person has been unemployed for at least 12 months or has become permanently or partially disabled
- the insurance company has changed the policy's calculation bases, increasing the policy's expenses, or
- the insurance company has changed its insurance terms and conditions by cutting the insurance benefits.
The surrender has to be applied for in writing from the insurance company within a year from the date when the surrender became possible.
If any of the aforementioned surrender criteria is met and you wish to agree on the surrender of your OP Personal Pension Insurance, call OP Life Assurance Company’s customer service, tel. 010 253 6100 (Mon–Fri 8–16), for more detailed instructions.
When you terminate the insurance, the insurer will withhold tax and debit a surrender charge for the entire amount of the pension insurance policy. You can check the surrender charge and tax implications from OP Life Assurance Company’s customer service.
How do I change my payment plan for saving through insurance?
You can change your payment plan in the op.fi service by navigating to Saving through insurance.
Log in and go to your payment plan (in Finnish)
However, note that reducing or terminating your payment plan may affect the fees charged for the insurance policy. For more information on fees applicable to your insurance policy, please call OP Life Assurance Company’s customer service at 010 253 6100 (Mon–Fri 8–16).
Once you have changed your payment plan, remove any payments based on the old payment plan and received as an e-invoice from your unconfirmed or confirmed payments.