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.
