Compare Time Deposit Accounts in Estonia

Updated on 8 December 2019

7 offers from 4 banks
Interest Rates: 0.40 - 1.60 % p.a.
Deposit Terms: 6 - 60 months
 coop Pank
Austria
Rating
 (4.0)
Currency
EUR
Interest Rate (p.a.)
0.50 - 1.00 %
Deposit Term
6 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.00 %
Min. Deposit Term
6 months
Max. Deposit Term
36 months
Time Deposit 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.

 Holm Bank
Austria
Rating
 (3.4)
Currency
EUR
Interest Rate (p.a.)
0.50 - 1.25 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.25 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (3.4)

Holm Bank AS is a family-owned Estonian bank operating more 20 years as a financial company (Liisi AS), specialized in providing consumer credit solutions to private individuals in Estonia. Holm Bank AS is focused on providing hire purchase solutions, small loans and credit cards as well as deposits and financing solutions to small businesses.

 coop Pank
Germany
Rating
 (4.0)
Currency
EUR
Interest Rate (p.a.)
0.50 - 1.00 %
Deposit Term
6 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.00 %
Min. Deposit Term
6 months
Max. Deposit Term
36 months
Time Deposit 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.

 Holm Bank
Germany
Rating
 (3.4)
Currency
EUR
Interest Rate (p.a.)
0.50 - 1.25 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.25 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (3.4)

Holm Bank AS is a family-owned Estonian bank operating more 20 years as a financial company (Liisi AS), specialized in providing consumer credit solutions to private individuals in Estonia. Holm Bank AS is focused on providing hire purchase solutions, small loans and credit cards as well as deposits and financing solutions to small businesses.

 LHV
Germany
Rating
 (4.1)
Currency
EUR
Interest Rate (p.a.)
0.40 - 0.50 %
Deposit Term
6 - 12 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.40 %
Max. Interest Rate (p.a.)
0.50 %
Min. Deposit Term
6 months
Max. Deposit Term
12 months
Time Deposit Account Provider
 (4.1)

LHV Group is an Estonian financial company founded in 1999 as an investment firm offering brokerage servcies and portfolio management services. In 2009 the group established LHV Pank. LHV Pank provides retail and corporate banking products and services to private individuals and companies. LHV Pank also offers pension funds and online brokerage services.

 Inbank
Austria
Rating
 (5.0)
Currency
EUR
Interest Rate (p.a.)
0.50 - 1.60 %
Deposit Term
12 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.60 %
Min. Deposit Term
12 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (5.0)

Founded in 2015, Inbank is a new innovative bank offering a range of retail banking products and services: savings and time deposit accounts, consumer loans and installment loans.

 Inbank
Germany
Rating
 (5.0)
Currency
EUR
Interest Rate (p.a.)
0.50 - 1.60 %
Deposit Term
12 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.60 %
Min. Deposit Term
12 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (5.0)

Founded in 2015, Inbank is a new innovative bank offering a range of retail banking products and services: savings and time deposit accounts, consumer loans and installment loans.

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

Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

The table above shows essential details of selected time deposit products offered to retail customers by the banks in Estonia: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 6 month to 5 years (60 months). The interest rates are within the range 0.40 - 1.60 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Estonia.

Average Deposit Rates. In February 2019, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.44 %.

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

See Also