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Nordea review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Nordea suits Finnish savers who want a euro deposit under EU protection and can take the money out whenever they want. The fixed rate of 2.1% sits under the 3% site median, so the draw is the bank licence and the deposit guarantee rather than a top yield.

Key facts

Best for
Fixed savings in euros with deposit protection and free access to the money.
Monthly fee
€2.60↗
Deposit protection
EU DGS up to EUR 100,000↗
Legal entity
Nordea Bank Abp↗
Headquarters
Finland↗
Support channels
Chat, Phone, Help-centre↗
Pricing model
No monthly fee
Official website
nordea.com

Savings

Headline rate
2.1%↗
Rate type
Fixed↗
Term
1 to 12 months↗
Minimum deposit
€500↗
Access terms
Withdrawal at any time without fees; up to 12 simultaneous accounts↗
Account kind
Fixed↗

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaLinkedInXyoutube.com

Pros and cons

Pros

  • Deposits sit under EU DGS up to EUR 100,000
  • A fixed rate of 2.1% over a 1 to 12 term
  • Money can be taken out at any point with no charge for doing it
  • Support runs on chat, phone and help centre

Cons

  • A €500 minimum is far above the €0.11 site median
  • The 2.1% rate trails the 3% site median
  • €2.60 is charged monthly where €0 is the site median
Nordea

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Scored 8.7 / 10 by VaultCue.

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Who it suits

  • Finlands saving in euros who value deposit protection
  • Anyone who wants to withdraw without fees mid term
  • Savers who can meet the €500 floor

Who should look elsewhere

  • Anyone avoiding a monthly charge, where XTB charges €0
  • Savings beginners, since AXI Card Tarjeta y Credito needs no minimum
  • Savers wanting the top of the site rate range, up to 105%

Safety of your money

The account is held by Nordea Bank Abp, a bank, and savings sit under EU DGS up to EUR 100,000. Supervision in FI runs to the European Central Bank and the Financial Supervisory Authority (Finland). The protection scheme is the EU deposit guarantee arrangement rather than a national one, so the cover follows the euros held in the account rather than any figure attached to the brand.

Who runs it

The provider is Nordea Bank Abp, headquartered in Finland, and the contract is with that bank rather than an intermediary. Contact runs through chat, phone and help centre, so a help centre, chat and phone line are the routes into the bank. Account servicing sits inside the mobile and online banking service, which is where the withdrawal terms on the fixed account are also handled.

How Nordea compares

Where Nordea is available

Available
Denmark, Finland, Norway, Sweden
Licence in Finland
European Central Bank, checked September 26, 2026
Licence in Finland
Financial Supervisory Authority (Finland), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Nordea pay on this account?+

The account pays a fixed rate of 2.1% for the whole placement. Across the site the median headline rate is 3%, so this sits below the middle of the field and closer to its lower end.

How much do I have to put in?+

The minimum deposit is €500. That sits well above the €0.11 site median, with the €21.14 figure marking where most of the higher minimums begin. It suits savers with a lump sum rather than small monthly top ups.

Can I get my money out early?+

Withdrawal is possible at any time without fees, which softens the lock in a fixed product. You can hold several of these accounts at once, so savings can be split across terms.

Is the money protected if Nordea fails?+

Savings sit under EU DGS up to EUR 100,000, and the account is run by Nordea Bank Abp as a bank. The cover comes from the EU scheme rather than a national one, so it follows the balance held.

Who regulates this account?+

In FI the account sits under the supervision of the European Central Bank and the Financial Supervisory Authority (Finland). The legal entity you hold the account with is Nordea Bank Abp, a bank rather than an intermediary.

What does it cost to hold the account?+

There is a monthly fee of €2.60 on the account, while the site median monthly fee is €0. Providers such as XTB and Skrill charge €0 and €0, so the charge here sets Nordea apart on cost.

How long is the money committed?+

Terms run 1 to 12, so you can pick a short or a longer placement. The 12 site median term is longer, and the 60 maximum runs well past what this account offers.

How do I reach Nordea for help?+

Support runs on chat, phone and help centre, covering a help centre, live chat and a phone line through mobile banking. Across the site 86.1% of listings include a help centre and 79.5% include phone support, so this mix is typical.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currency conversion fee, Currencies.

Related by the facts

Nordea

Nordea

Fixed savings in euros with deposit protection and free access to the money.

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