It is wise to begin thinking about higher education and investing in pension funds already at the age of 17.
A young adult acquires the right and obligation to begin contributing to the II pillar of the pension scheme on 1 January of the year following the year when they turn 18. This means that the pension fund needs to be selected before the turn of the year.
We invite young adults to come to a consultation at a suitable Nordea branch to help you select the most suitable pension scheme.
You also have the opportunity to apply for a state-guaranteed student loan to cover smaller education related expenses. Do not forget to come and consult our advisors, who will help you go over your goals and find the solution that is best suited for funding your education.
Young customers also have the following benefits:
- The debit cards of customers under 20 years of age have no monthly or annual fees.
- Cash withdrawal with the debit card (up to 2,000 euros per calendar month) is free of charge from all Nordea ATMs in Estonia, Latvia, Lithuania, Russia, Poland, Finland, Sweden, Denmark and Norway.
- The Netbank service (incl. domestic euro payments made via the Netbank) is free of charge for customers under the age of 20.
- Cash payments into your child's deposit are free of charge.