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.
Top deposits available online
Show more