Savings Accounts

Compare Savings Accounts in Estonia

Updated on 2 July 2020

2 offers from 1 banks
Interest Rates: 0.35 - 0.35 % p.a.
Account Terms: 1 - 12 months
 coop Pank
ATAustria
Rating
 (4.0)
Currency
EUR
Interest Rate (p.a.)
0.35 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
Tagesgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.35 %
Max. Interest Rate (p.a.)
0.35 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
10,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year
Savings Account Provider
 (4.0)

Coop Pank was established in Autumn 2017 as a cooperative bank, owned by Estonian consumer cooperatives as well as their clients (owners). Coop Pank is focused on providing simple and straight-forward banking products for daily banking and financing particularly to private persons, as well as small and medium-sized companies.

 coop Pank
DEGermany
Rating
 (4.0)
Currency
EUR
Interest Rate (p.a.)
0.35 %
Deposit Term
1 - 12 months
Savings Account Details
Product Name
Tagesgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.35 %
Max. Interest Rate (p.a.)
0.35 %
Min. Deposit Term
1 month
Max. Deposit Term
12 months
Min. Investment Amount
10,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year
Savings Account Provider
 (4.0)

Coop Pank was established in Autumn 2017 as a cooperative bank, owned by Estonian consumer cooperatives as well as their clients (owners). Coop Pank is focused on providing simple and straight-forward banking products for daily banking and financing particularly to private persons, as well as small and medium-sized companies.

ATAustria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While offering more flexibility, savings accounts usually provide lower interest rates than term deposit accounts.

The table above shows essential details of selected savings accounts products offered to retail customers by the banks in Estonia: currency, interest rate per annum and deposit term. The savings accounts terms vary from 1 month to 1 years (12 months). The interest rates are within the range 0.35 - 0.35 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Estonia.

Country Deposit Rating. Estonia's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).

Deposit Guarantee. Savings accounts made with credit institutions in Estonia are covered by deposit guarantee scheme up to 100,000 EUR per depositor.

Withholding Tax. Interest income gained on savings accounts by non-residents of Estonia is not taxed. Interest gained on savings accounts by residents of Estonia is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold from the savings account by the bank.

Other Banking Products in Estonia

See Also