19.7.2024

July 2024 Overview: Deposit Market in Estonia

3 min read

The deposit market in Estonia as of July 2024 reflects a stable and competitive environment, bolstered by prudent consumer behavior and stringent regulatory oversight. For those seeking a comprehensive view of the European deposit landscape, PickTheBank offers a valuable resource, providing up-to-date insights on deposit products and interest rates across the continent.

In July 2024, Estonia's deposit market continues to reflect broader economic trends both domestically and globally. As a member of the European Union, Estonia benefits from economic policies that align with those of the European Central Bank (ECB), ensuring consistency and stability. Estonian banks meet consumer demand by offering a wide range of deposit solutions, including traditional savings accounts, fixed-term deposits, and notice accounts.

For those looking to lock in their savings for specific periods, fixed-term deposits in euros offer returns ranging from 1.5% for terms up to one year to 4.3% for longer durations. Savings accounts generally offer interest rates between 0.01% and 3.5%, depending on the minimum deposit and other product conditions.

To highlight the most attractive offers currently available in Estonia, the following table lists the top EUR deposit rates from various banks:

Top EUR deposit rates - any term

Interest rate	Bank	Currency	Term
4.30%	TBB pank	EUR	12 mths	More ->
4.15%	TBB pank	EUR	9 mths	More ->
4.00%	Bigbank	EUR	3 mths	More ->
4.00%	Holm Bank	EUR	12 mths	More ->
3.95%	TBB pank	EUR	6 mths	More ->
3.85%	TBB pank	EUR	3 mths	More ->
3.80%	Holm Bank	EUR	3 mths	More ->
3.80%	Inbank	EUR	6 mths	More ->
3.80%	BigbankCitadele banka	EUR	9 mths	More ->
3.80%	Citadele banka	EUR	12 mths	More ->

We have conducted a thorough analysis of the websites of 14 Estonian banks and are now PickTheBank ready to present data on over 300 unique financial products available for fixed-term deposits. This extensive coverage allows users to explore interest rate trends and compare various financial products.

In summary, the Estonian deposit market as of July 2024 remains robust and competitive, supported by prudent regulatory oversight and cautious consumer behavior. PickTheBank is a comprehensive and up-to-date resource, covering data from over 5,000 banks across 25 European countries and more than 30,000 financial products. Always verify the latest rates and terms directly with banks before making any investment decisions.