Term deposit
Let your money work for you
How much can you earn?
Deposit in
5 min
Contract fee
€0
Right of cancellation
14 days
Interest rate up to
3,90 %
Term deposit - what it is?
A term deposit is the process of keeping a specific amount of money in a financial institution for an agreed period of time. The institution pays interest for the time they hold the money. The amount of interest and the payout frequency are determined on the day of signing the deposit contract. Remember that term deposits cannot be terminated until the agreed period of time passes, and no interest will be paid upon early termination.
A term deposit is one of the most reliable ways to generate passive income and to get your money that you set aside for saving working for you. Since the interest rate is agreed in advance, any financial institution is committed to it for the agreed period. This way, your money doesn’t lose value due to inflation or other market changes.
Saldo Bank term deposits have many advantages
Fast registration
Our registration system is extremely fast: you can create an account to open a term deposit at any time of the day.
High interest rates
Saldo Bank provides fixed term deposit interest rates. We offer 3,90% interest rate for 12 months.
No hidden costs
Opening a Saldo Bank term deposit account is completely free - no monthly or annual fees, even if you're not a client yet.
Right of cancellation
You can change your mind and cancel the term deposit within 14 days of signing the contract at no cost.
Insured
Your term deposits are insured by the SE Deposit and Investment Insurance. The total amount of insurance for all your deposits combined is up to €100 000, irrespective of the number of deposits you have. It's important to note that even if you have multiple deposits with Saldo Bank, the total insured amount will not exceed €100 000 as stipulated by the guarantee system.
Fast process
- 1
Create a deposit account
The application is completely automated and online, so you can open a term deposit account directly from our website. The application is open for everyone, even if you are not yet a Saldo customer.
- 2
Verify your identity and sign the deposit agreement
You will be required to verify your identity to ensure a safe process. When you have completed the identification successfully, you can sign the deposit agreement and accept the terms and conditions provided. The deposit agreement specifies the amount, term and interest rate for the term deposit.
- 3
Deposit the money within 10 days
After signing the term deposit agreement, you will have 10 days to transfer the deposit amount to the provided bank account. If the money is not transferred within 10 days, the deposit agreement will be automatically terminated. You can make the transfer from your chosen bank account. Cash deposits are not possible.
- 4
You deposit account has been activated
Your deposit account has now been successfully activated and your investment is growing. The accrued interest and the initial deposit are paid on the last day of the deposit term to your chosen bank account. On the due date you will also have the possibility to start another equally long term deposit period with the same initial deposit but with the updated interest rate for that set date.
Appreciated by many of you
6670 reviews
6670 reviews
Helppo nopea turvallinen.
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Kaikki toiminu ja selkeät sivut
Tämä oli loistavaa palvelua ja sain päätöksen todella nopeasti. Kiitos Yt. Annina Hirvikallio
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