Deposits

A gray-haired woman sits on the terrace with her two daughters and opens a deposit on her laptop.

Let your savings securely earn more

Deposit is the most convenient and secure way to grow your money – your deposit is state-guaranteed up to € 100,000. What does this mean for you?
You can choose from a range of different deposit periods and features to suit your needs.
Term deposit interest rate is up to 2.50%.
Term deposit interest rate is up to 2.25%.

Deposit amount

Deposit period

3 months

1 month

24 months

Interest amount

Interest amount is calculated before withholding the income tax

56.25EUR
Annual interest rate
2.25%
Total amount
10 056EUR

The calculation is approximate and may differ from the conditions offered to you.

All interest paid out on deposits is subject to income tax. This taxation is only applicable to private Estonian residents. Pursuant to the Income Tax Act, investors who are private persons can postpone the VAT payable on investment income upon using an investment account.

	Easy Saver The best way to grow your spare money Read more	Term deposit A good way to grow your money over a fixed period of time Read more	Overnight deposit Convenient way to earn interest from your money on current account Read more
Minimum deposit amount
Minimum deposit amount	EUR 0	EUR 190	EUR 30 000
Minimum deposit amount EUR 0
Minimum deposit amount EUR 0	Minimum deposit amount EUR 190	Minimum deposit amount EUR 30 000
Deposit term
Deposit term	The deposit is open-ended, the money can be withdrawn free of charge at any time	2 days - 2 years	1 night
Deposit term The deposit is open-ended, the money can be withdrawn free of charge at any time
Deposit term The deposit is open-ended, the money can be withdrawn free of charge at any time	Deposit term 2 days - 2 years	Deposit term 1 night
Annual interest rate
Annual interest rate	2%	Up to 2.50% Up to 2.25%	Changing daily
Annual interest rate	Annual interest rate 2%
Annual interest rate 2%	Annual interest rate Up to 2.50% Up to 2.25%	Annual interest rate Changing daily
Current interest rates
Current interest rates
Option to add money
Option to add money	Yes, one-off and regular deposits at any time	No	No Not possible to make additional payments during period when deposit amount is on overnight deposit account (during 22.00-07.00)
Option to add money Yes, one-off and regular deposits at any time
Option to add money Yes, one-off and regular deposits at any time	Option to add money No	Option to add money No Not possible to make additional payments during period when deposit amount is on overnight deposit account (during 22.00-07.00)
Additional options for saving
Additional options for saving	Rounding of card payments	No	No
Additional options for saving Rounding of card payments
Additional options for saving Rounding of card payments	Additional options for saving No	Additional options for saving No
	Read more	Read more	Read more

	Easy Saver The best way to grow your spare money Read more	Term deposit A good way to grow your money over a fixed period of time Read more	Overnight deposit Convenient way to earn interest from your money on current account Read more
Minimum deposit amount	EUR 0	EUR 190	EUR 30 000
Minimum deposit amount EUR 0	Minimum deposit amount EUR 190	Minimum deposit amount EUR 30 000
Deposit term	The deposit is open-ended, the money can be withdrawn free of charge at any time	2 days - 2 years	1 night
Deposit term The deposit is open-ended, the money can be withdrawn free of charge at any time	Deposit term 2 days - 2 years	Deposit term 1 night
Annual interest rate	2%	Up to 2.50% Up to 2.25%	Changing daily
Annual interest rate 2%	Annual interest rate Up to 2.50% Up to 2.25%	Annual interest rate Changing daily
Current interest rates
Option to add money	Yes, one-off and regular deposits at any time	No	No Not possible to make additional payments during period when deposit amount is on overnight deposit account (during 22.00-07.00)
Option to add money Yes, one-off and regular deposits at any time	Option to add money No	Option to add money No Not possible to make additional payments during period when deposit amount is on overnight deposit account (during 22.00-07.00)
Additional options for saving	Rounding of card payments	No	No
Additional options for saving Rounding of card payments	Additional options for saving No	Additional options for saving No
	Read more	Read more	Read more

Give your money a chance to grow also by investing it. You can do it also with 1 euro!

Learn more

About term deposit

The minimum deposit is 190 euros.
Wide choice of deposit periods – you can choose from 2 days to 2 years.
At your request, the interest on your deposit will be credited to your account at the end of the deposit period or once a month.
Automatic extension – if you wish, you can choose to automatically extend your deposit. In this case, at the end of the deposit period, the deposit will be automatically extended for the same deposit period (e.g., 3 months, 12 months) at the then current interest rate on the price list.

You can choose to have your deposit automatically extended with:
- principal sum only (without interest) – income tax is withheld on the interest paid into the current account;
- or together with the interest earned – in this case, income tax is withheld from the interest on the deposit before extension.

Useful to know

You can also open a deposit in five foreign currencies – US and Canadian dollars, Swedish kronor, Norwegian krone, and British pounds.
It is not possible to make any additional payments while the deposit is valid, but you may open a number of different deposits with different amounts and terms depending on your future plans and needs.
If necessary, you can withdraw your deposit before the term free of charge, but you will not earn interest on the deposited time. The deposit amount will be credited to your account as soon as the deposit is withdrawn, and if you have already received monthly interest on the deposit, this will be deducted from the deposit amount to be returned. We will automatically refund you any income tax previously withheld on the interest.
We will withhold income tax on the interest income and notify the Estonian Tax and Customs Board on your behalf. Withheld tax will be automatically reflected on your tax return. If you want to defer your income tax liability, you can also open a deposit via an investment account.

To use an investment account, when you open a term deposit, you need to click on ‘More settings’ and tick the box to indicate that the deposit was purchased with investment account funds. Also be careful that the account you choose is an investment account.

Conditions of term deposit

The interest rates on a term deposit

Minimum deposit amount	190 EUR
Period	Annual interest rate
< 1 month	0.1
1 month	2.50	2.25
3 months	2.50	2.25
6 months	2.50	2.25
9 months	2.50	2.25
12 months	2.25	2.00
18 months	2.25	2.00
24 months	2.25	2.00

Minimum deposit amount	250 USD
Period	Annual interest rate
1 month	1
3 month	1.5
6 months	1.75
9 months	2
12 months	3
18 months	3
24 months	3

Minimum deposit amount	180 GBP
Period	Annual interest rate
1 month	0.5
3 month	0.7
6 months	0.9
9 months	1.1
12 months	1.3
18 months	1.3
24 months	1.3

Minimum deposit amount	2100 SEK
Period	Annual interest rate
1 month	0.3
3 month	0.4
6 months	0.6
9 months	0.8
12 months	1
18 months	1
24 months	1

Minimum deposit amount	1700 NOK
Period	Annual interest rate
1 month	0.3
3 month	0.4
6 months	0.6
9 months	0.8
12 months	1
18 months	1
24 months	1

Minimum deposit amount	310 CAD
Period	Annual interest rate
1 month	0.5
3 month	0.7
6 months	0.9
9 months	1.1
12 months	1.3
18 months	1.3
24 months	1.3

Effective from 10.02.2025.

Effective from 03.03.2025.

Interest rate is presented on a basis of accounting year (360 days). Interest is calculated for the actual deposit days.

About overnight deposit

An overnight deposit is a flexible way to earn interest on a larger amount. You can deposit a minimum of 30,000 euros or 100,000 US dollars.
An overnight deposit means that at the end of each day, the money in the current account indicated in your overnight deposit agreement is transferred to a short-term deposit, where it earns interest. By the morning of the following day, your money will be credited back to your current account, together with any interest earned.
Overnight deposits have the shortest term of all deposits – from 22.00 each evening until 7.00 the next morning.

Useful to know

The interest rate on overnight deposits can change daily.
The opening of a deposit is subject to the existence of a minimum contractual amount on the current account (excluding the overdraft limit).
You can easily see the interest earned on your overnight deposit in the report. Log in to your Internet Bank, open the ‘Everyday Banking’ menu, and find the report in the ‘Account information’ column.

Terms and Conditions of Overnight Deposit Agreement

Overnight deposit interest rates

Deposit amount EUR	Annual interest rate
from 30 000	0.101
from 60 000	0.201
from 300 000	0.301
from 1 000 000	0.501
from 2 000 000	0.701

Changed 28.03.2025 18:00:22

Interest rate is presented on a basis of accounting year (360 days). Interest is calculated for the actual deposit days.

Deposit amount USD	Annual interest rate
from 100 000	0.160
from 1 000 000	0.660
from 2 500 000	0.660
from 5 000 000	0.960

Changed 28.03.2025 18:00:22

Interest rate is presented on a basis of accounting year (360 days). Interest is calculated for the actual deposit days.

Saving is the key to your financial sustainability

People with savings are more financially resilient to shocks as unemployment, natural disasters, and unplanned expenses like medical bills or a new rooftop. Being mindful about your consumption may not only reduce your impact on environment but also help you save more.

Tips to get you started

Set specific saving goals, e.g. safety pillow, vacation, new laptop, etc. This will help monitor progress and assign meaning to saving habits.
Save small amounts routinely to increase your savings. Have at least 3 months of your expenses saved to ensure you can overcome any unexpected challenges.
Save money by choosing products that will last longer. Evaluate the cost per use of each product and choose your purchases wisely.

Make saving a habit

Saving becomes a habit for many people. Join them and build your financial sustainability.

8 out of 10 Estonians say they recently started saving more on daily basis. Swedbank survey, 2020.

Save instead of wasting

People throw away 20% of food and 43% of clothes they have purchased every year. See how much money you could potentially save if you only consumed as much as you needed.

Monthly spendings

Spending on food

0 €

2000 €

Spending on clothing

0 €

2000 €

Potential monthly savings

Waste on food (20%)
0EUR
Waste on clothing (43%)
0EUR
You could save
0EUR

Based on European Environment Agency.

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Deposits

Let your savings securely earn more

Easy Saver

Term deposit

Overnight deposit

Easy Saver

Term deposit

Overnight deposit

About term deposit

Useful to know

The interest rates on a term deposit

About overnight deposit

Useful to know

Overnight deposit interest rates

Saving is the key to your financial sustainability

Tips to get you started

Make saving a habit

Save instead of wasting

Monthly spendings

Potential monthly savings

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