Do you mean lowered? 4.2. has already passed.
Where did you get that information? The website still says 3.50% as of this writing, and I haven’t received an email about an interest rate change.
Collector’s General Terms and Conditions state:
Collector has the right to change the interest rate and the basis for calculating interest. Changes to interest rates will be announced on Collector’s website at www.collector.fi and/or by email \r
at least two (2) months before the change comes into effect.
So, with an announcement now, Collector could actually lower the interest rate at the earliest in April.
Bigbank savings account interest rate changes on 18.04.2025
We would like to inform you that the deposit interest rate for savings accounts will decrease to 2.60 percent. The new interest rate will come into effect starting from 18.04.2025 and applies to all our savings account customers.
They seem to be coming down quickly everywhere. You can still get a good couple of percentage points for a 12-month deposit, which is certainly better than nothing.
Early this year, I switched there from Svea, and it seems to be quite okay. Transfers are relatively quick and appear the next day. I haven’t made any withdrawals yet. They don’t withhold source tax, so I have to report it to the tax authorities myself.
In early April, the interest rate was falling to 3.25
I had already written about my experiences with Collector in this thread in January, but let’s repeat the main points now, as it has worked well and I can therefore recommend the company. Transfers are fast, even on the same day. And as Labe noted, they do not withhold source tax, which can be a significant tax benefit for some.
The deposit guarantee at Collector is an amount equivalent to SEK 1,050,000 in euros, meaning it’s not the normal EUR 100,000.
It should be noted that Collector announced it would lower the interest rate from 3.5% → 3.25%. It might have been effective from April 2nd, if I remember the date correctly.
And from Svea, an email notification about the upcoming change arrived
Dear customer
As the general deposit interest rate continues to fall, most of our deposit interest rates will also continue to change. The new interest rate for your savings account, 2.35%, will come into effect on May 13, 2025.
