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13.12.2023

Estonian Deposit Market Overview: December 2023

4 min read

Explore Estonia's financial scene with our concise guide to December's interest rate highlights. Discover trends, spot the top 1-year EUR deposit rate, and navigate offerings from 10 Estonian banks in our detailed database. Your financial insights start here with PickTheBank.

Greetings, Financial Explorers! Welcome back to PickTheBank, your compass in the ever-shifting terrain of European interest rates. 
Over the last year, the financial world has been on a rollercoaster, with banks responding dynamically to the relentless waves of inflation. Fear not, as we've been diligently navigating these twists and turns, ensuring you're equipped with the latest and most valuable information.

Today, our focus sharpens on Estonia.

Drawing insights from the European Central Bank (ECB), Estonia's average annual interest rate on deposits maintains its composure at 4.37%, mirroring last month's figure of 4.2%. Yet, the star of the show is the eye-catching 4.60% interest rate beckoning for EUR deposits embracing a one-year term!

Our journey led us through the offerings of 10 Estonian banks, meticulously collecting data on fixed-term deposit rates. The result? Our Estonia deposit database is now adorned with 320 products, neatly presented on our website for your perusal.

Let's dive into the highlights...

 

🔥Top 5 12-Month Ordinary EUR Deposit Rates

 

Interest rateBankCurrencyTerm 
4.60%Holm BankEUR12 mthsMore ->
4.60%BigbankEUR12 mthsMore ->
4.60%TBB PankEUR12 mthsMore ->
4.50%Coop PankEUR12 mthsMore ->
4.50%InbankEUR12 mthsMore ->

 

🔥Top 5 24-Month Ordinary EUR Deposit Rates

 

Interest rateBankCurrencyTerm 
4.00%Holm BankEUR24 mthsMore ->
4.00%TBB PankEUR24 mthsMore ->
3.75%InbankEUR24 mthsMore ->
3.75%TBB PankEUR24 mthsMore ->
3.75%BigbankEUR24 mthsMore ->

 

🔥Top 5 36-Month Ordinary EUR Deposit Rates

 

Interest rateBankCurrencyTerm 
3.80%TBB pankEUR36 mthsMore ->
3.60%Holm BankEUR36 mthsMore ->
3.50%TBB pankEUR36 mthsMore ->
3.50%InbankEUR36 mthsMore ->
3.50%BigbankEUR36 mthsMore ->

 

🔥Top EUR Deposit Rates 

 

Interest rateBankCurrencyTerm 
4.60%BigbankEUR12 mthsMore ->
4.60%Holm BankEUR12 mthsMore ->
4.60%Holm BankEUR18 mthsMore ->
4.60%BigbankEUR23 mthsMore ->
4.60%Coop PankEUR12 mthsMore ->

 

🔥Top US Dollar Deposit Rates 

 

Interest rateBankCurrencyTerm 
3.10%TBB PankUSD12 mthsMore ->
3.10%TBB PankUSD18 mthsMore ->
3.10%TBB PankUSD24 mthsMore ->
3.10%TBB PankUSD36 mthsMore ->
3.00%SEB PankUSD12 mthsMore ->

 

A gentle reminder: the rates mentioned are pre-tax and might not encompass the diverse frequencies of interest payments. Before making any decisions, we recommend cross-verifying the most recent rates and terms directly with the respective bank.

As your financial companion, our platform unfolds a panorama of interest rate information from over 1,000 banks across 25 European countries. Explore our website to unravel the intricacies of European deposit markets and enrich your financial acumen. Brace yourself for a treasure trove of financial insights—we've curated them just for you! 

The PickTheBank Team stands by as your dedicated source for financial news.

 

Top deposits available online

Available online
Protected up to €100k
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Bank of Scotland

Germany

2.90%

3mths,

Available online
Protected up to €100k
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1822direkt

Germany

2.90%

6mths,

Available online
Protected up to €100k
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Klarna Bank AB, German Branch

Germany

2.83%

3years,

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