Equity savings account

With an OP equity savings account, you can make tax-free investments in Finnish companies listed on the Nasdaq Helsinki stock exchange or the First North Finland marketplace and give your investments the best chance of long-term growth. Just open an account and start trading on OP-mobile!

How is the launch of OP’s equity savings accounts progressing?  

We are in the final stages of testing the accounts (situation on 9 July 2021) to confirm that they function properly and are user-friendly. Once testing is over, we will fix any issues identified and move on to piloting. 

Piloting is designed to check the reliability of the service, after which it can be made available to all OP customers. We have also prepared a news article with more information.

OP’s equity savings accounts will be provided on an entirely new platform, as part of a more extensive wealth management system upgrade. The upgrade will enable us to provide the best possible investment services going forward, and to react faster to changes in our customers’ needs.

When can I open an account?  

The official launch date will be announced as soon as possible as our work progresses. You can subscribe to our Sijoitusnäkymät newsletter or follow us on Instagram (@op_sijoittaminen) to find out when we are ready to launch our equity savings accounts and to stay up to date on the latest investment news otherwise. There is also plenty of information about the launch of OP’s equity savings accounts at op.fi. Click here to subscribe to our newsletter (only in Finnish). 

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. See our list of service charges and fees for more information.  

How do I open an equity savings account?  

For the time being, equity savings accounts 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 accounts 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 accounts? 

The first version of our equity savings accounts 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 equity savings accounts from other service providers to OP. More information will be released in due course.  

How the equity savings account works?

An equity savings account is an account within which you can buy and sell listed equities carried by a service provider without any direct tax implications. Please note that OP’s equity savings accounts can currently only be used to invest in Finnish companies. 

Dividends and interest amounts within the equity savings account are also exempt from tax and you can reinvest them within the account without paying any tax in between. As holder of the equity savings account, you can therefore utilise the compound interest effect phenomenon as taxes on dividends and capital gains do not eat up capital. You will not pay tax on investment income until you withdraw funds from your equity savings 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. 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.

The equity savings account is suitable for long-term investing and saving

The equity savings account is designed for all those interested in investing in equities. In particular, it is suitable for investors with a long-term horizon, who want to update their portfolio content from time to time and re-invest any income and dividends accrued in the equity savings account.

The equity savings account can be opened by a private customer and each private customer can at a time hold only one equity savings account. It is not possible to use an equity savings account to open the account with many banks at the same time but if the customer wishes so, they can transfer the account from a bank to another without any tax implications.

A private person can deposit 50,000 euros into the equity savings account

You can deposit money into the equity savings account at the desired pace and in desired amounts up to 50,000 euros, and you can invest the amount in equities of your choice. The 50,000-euro limit applies to the amount to be transferred to the account. However, the value of your investment may be higher or lower than that.

You can invest only in equities through the equity savings account. This means that you cannot use the equity savings account to buy mutual fund units, ETFs or other listed products. Furthermore, you cannot transfer your previous equity holdings to the account.

Tax will not be payable until you withdraw funds from the equity savings account

If you withdraw funds from the equity savings account, tax on income you may earn will be levied based on the capital gains tax, currently at 30%. This also applies to dividends. Only 85% of the dividends outside of the equity savings account are subject to tax. Any losses are tax-deductible only if the equity savings account is closed, i.e. all assets are sold and are withdrawn from the equity savings account.