Nordea will cut its DepositRate by 0.10 percentage points to 1.65 per cent. The change will enter into force on 1 August 2012.
Nordea DepositRate is a floating reference rate which tracks the market rates. Nordea DepositRate is used as the reference rate for CurrentAccountPlus. The deposit interest payable on the account is derived by deducting from Nordea DepositRate the margin defined for the interest rate tiers of the account.
The value of Nordea DepositRate will follow the performance of market rates, but is supposed to change slower.