Term deposit

Convenient and safe way to keep your extra money

Easy to set up and always available to overview in your Internet Bank.
You can use it for keeping money or for savings.
Your deposit is guaranteed by the state up to €100 000.

A term e-deposit is a term deposit entered into via the Internet bank which has a higher interest rate than a regular term deposit entered into in a branch.

Higher interest rates only apply to term deposits opened in euros.
A term deposit opened via the Internet bank in euros enjoys an interest rate that is up to 0.02% higher than a deposit opened at a branch.
Entering into a term deposit in other currencies via the Internet bank, the same interest rates apply as would when entering into such a deposit at a branch.

min-max	190 - 600 EUR	600 - 2 000 EUR	2 000 - 6 000 EUR
2 days	0.01	0.01	0.01
1 week	0.01	0.01	0.01
1 month	0.01	0.01	0.01
2 months	0.01	0.01	0.01
3 months	0.01	0.01	0.01
6 months	0.01	0.01	0.01
12 months	0.01	0.01	0.01
24 months	0.01	0.01	0.01

Deposit calculator

You can open a term deposit with a minimum of EUR 190 (or the equal amount in a foreign currency), the first contribution to a savings deposit is a minimum of EUR 6 or USD 100.

You can make additional contributions to the savings deposit later.

In case of a term deposit the deposit period is 2 days to 5 years; in case of a savings deposit – 6, 9 or 12 months.

Single payment at the end of period
Monthly interest payments

Grand total
Deposit interest rate
Deposit interest sum

Calculate

Flexible term – from 2 days to 5 years.
Minimum amount is €190 or the equal amount in foreign currency (e.g. 250 USD, 180 GBP, 1700 NOK, 310 CAD).
You can make several deposits with different amounts and periods, according to your future plans and needs.
Convenient to manage – your deposit can be automatically extended if you choose so. It will be automatically extended by the same period with the interest rate valid at the time of extension. You can choose if the deposit is extended with the interest earned or not.
The deposit is guaranteed in the extent of the amount determined by the Guarantee Fund. Deposits are compensated in the extent of 100%, but not more than 100 000 euros per depositor in one credit institution. Read more about Guarantee Fund.

You can set up a term deposit in euros or in a foreign currency.
No additional payments can be made into a term deposit during its term.
You can terminate your deposit early if you need to, but in this case the bank will not pay you any interest for the time that your money has been deposited. The deposit sum will be transferred to your account as soon as you terminate the deposit.
The interest calculated on the deposit amount will be transferred to your account at the end of deposit term or every month, whichever you prefer.
Swedbank withholds the income tax and transfers it to the Tax and Customs Board. The withheld income tax is automatically included in your income tax return.

The interest rates on a term deposit

Interest rates on a term deposit opened in internet-bank
Interest rates on a term deposit opened at a branch

Single payment at the end of period

Min	190	10 000
Max	10 000	100 000
2 days	0.01	0.01
1 week	0.01	0.01
2 weeks	0.01	0.01
3 weeks	0.01	0.01
1 month	0.01	0.01
2 months	0.01	0.01
3 months	0.01	0.01
4 months	0.01	0.01
5 months	0.01	0.01
6 months	0.01	0.01
7 months	0.01	0.01
8 months	0.01	0.01
9 months	0.01	0.01
10 months	0.01	0.01
11 months	0.01	0.01
12 months	0.01	0.01
24 months	0.01	0.01
36 months	0.01	0.01
48 months	0.01	0.01
60 months	0.01	0.01

Monthly interest payments

Min	190	10 000
Max	10 000	100 000
2 days	0.01	0.01
1 week	0.01	0.01
2 weeks	0.01	0.01
3 weeks	0.01	0.01
1 month	0.01	0.01
2 months	0.01	0.01
3 months	0.01	0.01
4 months	0.01	0.01
5 months	0.01	0.01
6 months	0.01	0.01
7 months	0.01	0.01
8 months	0.01	0.01
9 months	0.01	0.01
10 months	0.01	0.01
11 months	0.01	0.01
12 months	0.01	0.01
24 months	0.01	0.01
36 months	0.01	0.01
48 months	0.01	0.01
60 months	0.01	0.01

Term deposit terms and conditions

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.

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.

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

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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