Premium interest rate
The premium interest rate is a fixed part of the TyEL contribution used to bring the contribution from the theoretical due date of 1 July to the the interest date in the calculation. The interest has influence on the payments, in the beginning of the year by reducing and in the end of the year by increasing payments due.
The premium interest rate is based on the 12-month TyEL benchmark rate quoted by Garantia, but it is always at least 2 percent.
Check the most suitable due months for you with our due-month calculation tool.