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Term deposit

Put your saved money to work

  • You can use it for keeping money or for savings.
  • Your deposit is guaranteed by the state up to €100 000.
  • Earn up to 4.5% annual interest on your term deposit amount.
  • Earn up to 4% annual interest on your term deposit amount.
Open deposit

Special offer is valid for deposits opened no later than 31.12.2023 (incl.).


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.

  • Flexible term – from 2 days to 2 years depending on the deposit currency.
  • Minimum amount is €190 or the equal amount in foreign currency (e.g. 250 USD, 180 GBP, 2100 SEK, 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 one year 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

Minimum deposit amount 190 EUR
Period Annual interest rate
< 1 month 0.1
1 month 2.25
3 months 4.50 3.75
6 months 4.20 4.00
9 months 4.20 4.00
12 months 4.00
18 months 3.25
24 months 3.25 3.00
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 01.12.2023.

Effective from 11.01.2024.

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.

  1. Set specific saving goals, e.g. safety pillow, vacation, new laptop, etc. This will help monitor progress and assign meaning to saving habits.
  2. 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.
  3. 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

  • 0EUR
  • 0EUR
  • 0EUR

Based on European Environment Agency.

For the beginner as well as the experienced investor who wants to invest their free money in a diversified and sustainable way.

Start saving for a better future for your child today.

Easy saver helps your savings grow in small but smart steps, seamlessly.

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