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26.1.2024

January 2024 Overview: Deposit Market in Estonia

4 min read

The deposit market in Estonia offers a diverse array of opportunities for investors. When selecting the right bank, it's crucial to consider the current ECB rates and the latest offerings in the market. Explore the highest interest rates in Estonia in our January 2024 review.

The broad European deposit market provides additional avenues for investors to park their funds. When opting for a new bank, considering the current ECB rates and actually fixed-term deposits offers is imperative.

PickTheBank emerges as a valuable tool for investors, offering detailed information and an overview of the best rates across Europe.

Latest updates on Estonian Term Deposits.

Amidst stiff competition among Estonian banks to attract depositors, a variety of offerings in terms of interest rates is evident. For investors seeking maximum returns, staying informed about the latest offerings is essential.

Based on data provided by the European Central Bank (ECB), it's noteworthy that the average annual interest rate on deposits in Estonia has decreased to 4.29%, compared to the previous month's 4.37%. However, despite this overall trend, the maximum attractive interest rate for deposits remains at a relatively high level of 4.60%.

After scrutinizing offerings from the top 10 Estonian banks, we have compiled data on term deposit rates. As a result, our deposit database for Estonia is now enriched with 320 products, showcased on our website for your thorough perusal. 
Below, you can delve into the details of the best options for placing your funds.

 

🔥Top 5 12-Month Ordinary EUR Deposit Rates

 

Interest rateBankCurrencyTerm 
4.60%TBB PankEUR12 mthsMore ->
4.50%Holm BankEUR12 mthsMore ->
4.50%BigbankEUR12 mthsMore ->
4.00%Coop PankEUR12 mthsMore ->
4.00%InbankEUR12 mthsMore ->

 

🔥Top 5 24-Month Ordinary EUR Deposit Rates

 

Interest rateBankCurrencyTerm 
3.80%Holm BankEUR24 mthsMore ->
3.75%BigbankEUR24 mthsMore ->
3.70%TBB PankEUR24 mthsMore ->
3.65%TBB PankEUR24 mthsMore ->
3.30%InbankEUR24 mthsMore ->

 

🔥Top 5 36-Month Ordinary EUR Deposit Rates

 

Interest rateBankCurrencyTerm 
3.60%Holm BankEUR36 mthsMore ->
3.50%BigbankEUR36 mthsMore ->
3.10%InbankEUR36 mthsMore ->
3.80%Citadele bankaEUR36 mthsMore ->
3.50%SEB PankEUR36 mthsMore ->

 

🔥Top EUR Deposit Rates 

 

Interest rateBankCurrencyTerm 
4.60%TBB pankEUR12 mthsMore ->
4.50%BigbankEUR12 mthsMore ->
4.50%Holm BankEUR12 mthsMore ->
4.50%BigbankEUR23 mthsMore ->
4.50%TBB 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 ->

 

The aforementioned rates are stated pre-tax. We recommend verifying all conditions directly with the respective bank before making any decisions.

PickTheBank is a platform that offers extensive information on interest rates from over 1000 banks across 25 European countries. Explore 25,000 offerings and choose what suits you best.

Top deposits available online

Available online
Protected up to €100k
bankImage

Klarna Bank AB, German Branch

Germany

3.58%

6mths,

Available online
Protected up to €100k
bankImage

Klarna Bank AB, German Branch

Germany

3.58%

18mths,

Available online
Protected up to €100k
bankImage

Klarna Bank AB, German Branch

Germany

3.56%

12mths,

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