Nordea DepositRate to be lowered in Finland

18.07.12 14:09 | Lehdistötiedotteet

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. 

Further information:
Riikka Laine-Tolonen, Segment Household and Group Marketing, +358 9 165 46638, +358 50 343 0585
Roger Wessman, Economic Research, +358 9 165 59930, +358 40 706 0002