How are OP’s equity savings accounts progressing in autumn 2021?
We are making steady progress towards the launch of OP’s equity savings account. We have successfully tested the account opening and custody features, and have begun an internal pilot in OP. During the pilot, we will go step-by-step through the accounts’ key functionality.
OP’s equity savings account is part of a wider asset management upgrade, which will enable us to provide unrivalled investment services and react faster to changes in our customers’ needs.
When can I open an account?
We will launch the equity savings account on our mobile app, OP-mobile, on Friday 29 October 2021. Initially, customers aged 18 or over will be able to open an account.
Development of the service will continue after the launch, expanding the ways in which the account can be used.
You can subscribe to our Sijoitusnäkymät newsletter or follow us on Instagram (@op_sijoittaminen) to stay up to date on the latest investment news. There is also plenty of information about the progress of OP’s equity savings account at op.fi.
OP – an owner-customer’s stockbroker
As an owner-customer, you pay nothing for
- opening an equity savings account,
- the custody of your securities, and
- equity and market analyses and recommendations.
How much do I have to pay for an equity savings account?
There is no charge for opening an equity savings account. You do, however, need one of our investment service packages: either the Saver’s package or the Investor’s package. Our service packages include custody as well as equity and market analyses. The applicable trading fees depend on your chosen package.
Our Saver’s service package is free for our owner-customers and costs EUR 2.99/month for other customers. Our Investor’s service package costs EUR 9.99/month for our owner-customers and EUR 14.99/month for other customers. An order-specific trading fee also applies, the amount of which depends on the chosen service package.
How do I open an equity savings account?
For the time being, an equity savings account can only be created on OP-mobile. Opening an account at op.fi or at a branch will be possible with future versions of the service. Stay tuned for more information about when these features become available.
Can anyone open an equity savings account?
For now, we only offer our equity savings account to individuals aged 18 years or older. The service is not available for businesses or organisations. Opening an equity savings account for a child or a legally incapacitated individual will become possible a little later.
What features will be supported by the first version of OP’s equity savings account?
The first version of our equity savings account can be used to buy shares in Finnish companies listed on the Nasdaq Helsinki stock exchange or the First North Finland marketplace that execute their corporate actions in euros. You will not, however, be able to subscribe for shares in initial public offerings or secondary offerings.
Trading in foreign companies’ shares will be added to the service later. More information will be released in due course.
Can I move an existing equity savings account from another service provider to OP?
Future versions of the service will support moving an equity savings account from other service providers to OP. More information will be released in due course.