9.10.2023

Estonian Deposit Market Overview: October 2023

4 min read

Providing a comprehensive analysis of Estonia's current deposit market status, the October 2023 Overview delves deeply into the latest interest rate trends. Through a meticulous examination of economic indicators, this overview aims to offer insights that assist individuals in making informed decisions about their deposits.

Hello from PickTheBank! We're your source for the latest insights into the ever-changing landscape of interest rates across Europe, and we have some exciting updates just for you.

Over the past year, banks have continued to raise their interest rates in response to the escalating trends of inflation. And you know what? We've diligently tracked these developments, maintaining a vigilant watch over the market to furnish you with the most valuable insights.

Today, once again, let's shift our focus to Estonia.

In accordance with data from the European Central Bank (ECB), the average annual interest rate on deposits in Estonia has remained unchanged at 3.59%, matching the rate from the previous month. Nevertheless, the noteworthy highlight is the impressive 4.50% interest rate available for EUR deposits across various term options!

While compiling this update, we scoured the websites of 10 Estonian banks that offer these enticing fixed-term deposit rates. Our Estonia deposit database now boasts a total of 320 products, all thoughtfully organized on our website for your convenience.

Here's a quick overview of what we've uncovered:

🔥Top 5 12-Month Ordinary EUR Deposit Rates

Interest rate	Bank	Currency	Term
4.50%	Coop Pank	EUR	12 mths	More ->
4.50%	Holm Bank	EUR	12 mths	More ->
4.50%	Inbank	EUR	12 mths	More ->
4.50%	SEB Pank	EUR	12 mths	More ->
4.50%	LHV Pank	EUR	12 mths	More ->

🔥Top 5 24-Month Ordinary EUR Deposit Rates

Interest rate	Bank	Currency	Term
4.50%	Holm Bank	EUR	24 mths	More ->
4.00%	TBB Pank	EUR	24 mths	More ->
3.75%	TBB Pank	EUR	24 mths	More ->
3.75%	Bigbank	EUR	24 mths	More ->
3.75%	Bigbank	EUR	24 mths	More ->

🔥Top 5 36-Month Ordinary EUR Deposit Rates

Interest rate	Bank	Currency	Term
4.50%	Holm Bank	EUR	36 mths	More ->
3.80%	TBB pank	EUR	36 mths	More ->
3.55%	TBB pank	EUR	36 mths	More ->
3.50%	Inbank	EUR	36 mths	More ->
3.50%	Bigbank	EUR	36 mths	More ->

🔥Top EUR Deposit Rates

Interest rate	Bank	Currency	Term
4.50%	Holm Bank	EUR	3 mths	More ->
4.50%	Holm Bank	EUR	6 mths	More ->
4.50%	Holm Bank	EUR	9 mths	More ->
4.50%	Holm Bank	EUR	12 mths	More ->
4.50%	Coop Pank	EUR	12 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%	SEB Pank	USD	12 mths	More ->

Kindly be aware that the rates mentioned are pre-tax and may not encompass different interest payment frequencies. It's advisable to verify the most up-to-date rates and terms directly with the respective bank before making any decisions.

Our platform provides comprehensive information on interest rates offered by over 1,000 banks across 25 European countries, presenting a diverse selection of more than 20,000 financial products. Intrigued? Explore our website, delve into the European deposit markets, and expand your financial knowledge. Don't miss out on the wealth of financial insights we've prepared for you! The PickTheBank Team - is your trusted source for financial news.