31.8.2023

Estonian Deposit Market Overview: August 2023

3 min read

Providing a thorough analysis of the present condition of Estonia's deposit market, the Overview for August 2023 delves deeply into ongoing trends. By scrutinizing economic indicators and regulatory shifts, this overview strives to furnish a lucid comprehension of the financial environment, thereby assisting stakeholders in making informed choices concerning their deposits.

Greetings from PickTheBank! We're your eyes on the dynamic world of interest rates across Europe, and we've got exciting updates just for you.

In the past year, banks have been pumping up their interest rates, responding to the sassy surge in inflation. And guess what? We're on the pulse, tracking every shift and delivering the juiciest insights from the market.

Today, let's talk about Estonia. We've dived into the numbers, crunched the data, and are ready to spill the beans on those interest rates.

As per the European Central Bank (ECB), the average annual interest rate on deposits in Estonia has proudly stood at 3.61% in the last month (up from 2.93% the month prior). The star of our findings – It's 4.30% for a 1-year EUR deposit.

While putting this update together, we scoured the websites of 10 Estonian banks that offer these alluring fixed-term deposit rates. Our Estonia deposit treasure chest is now brimming with a total of 320 products, all neatly cataloged on our site for your perusal.
Here is a brief overview:

🔥Top 5 12-Month Ordinary EUR Deposit Rates

Interest rate	Bank	Currency	Term
4.30%	Holm Bank	EUR	12 mths	More ->
4.25%	Coop Pank	EUR	12 mths	More ->
4.25%	LHV Pank	EUR	12 mths	More ->
4.25%	SEB Pank	EUR	12 mths	More ->
4.25%	Swedbank	EUR	12 mths	More ->

🔥Top 5 24-Month Ordinary EUR Deposit Rates

Interest rate	Bank	Currency	Term
3.80%	Holm Bank	EUR	24 mths	More ->
3.75%	TBB Pank	EUR	24 mths	More ->
3.75%	Bigbank	EUR	24 mths	More ->
3.70%	TBB Pank	EUR	24 mths	More ->
3.60%	Coop Pank	EUR	24 mths	More ->

🔥Top 5 36-Month Ordinary EUR Deposit Rates

Interest rate	Bank	Currency	Term
3.55%	TBB Pank	EUR	36 mths	More ->
3.55%	Holm Bank	EUR	36 mths	More ->
3.50%	Bigbank	EUR	36 mths	More ->
3.50%	TBB Pank	EUR	36 mths	More ->
3.25%	Citadele banka Eesti filiaal	EUR	36 mths	More ->

🔥Top US Dollar Deposit Rates

Interest rate	Bank	Currency	Term
3.10%	TBB Pank	USD	12 mths	More ->
3.10%	TBB Pank	USD	18 mths	More ->
3.10%	TBB Pank	USD	24 mths	More ->
3.10%	TBB Pank	USD	36 mths	More ->
3.00%	Luminor Bank	USD	12 mths	More ->

Please note that the mentioned rates are pre-tax and may not include various interest payment frequencies. Verify the latest rates and terms with the bank before deciding.

We offer info on interest rates from 1000+ banks across 25 European countries, with over 15,000 products to explore. Curious? Visit our website, dive into European deposit markets, and become a finance guru. Don't miss the financial feast we've prepared for you! The PickTheBank Team - your reliable news source.