Best savings accounts in Estonia

Checked on 28 September 2026. 11 savings accounts, term deposits and money market funds from 10 providers accept someone resident in Estonia. The three highest rates:

• bunq, Easy Savings at 3.01%, instant access, no minimum, deposit guarantee: Netherlands, up to €100,000.
• Trade Republic, Interest on cash at 3.00%, instant access, no minimum, deposit guarantee: Germany, up to €100,000.
• Trading 212, Interest on cash (Trading 212 Markets Ltd) at 2.50%, instant access, no minimum, investor compensation: Cyprus ICF, up to €20,000, which is not a deposit guarantee.

7 of the 11 are covered by a national deposit guarantee scheme. The best rate you can withdraw at any time is 3.01% at bunq, and the best fixed term is 2.50% at BluOr Bank. Rates are variable unless the entry says the term is fixed.

What to know if you live in Estonia

Deposits are compensated in full up to €100,000 per depositor per credit institution through the deposit guarantee fund of the Tagatisfond (Eesti Pank).

Interest is taxed at the resident income tax rate, 22% in 2025 and 2026 (Maksu- ja Tolliamet). An Estonian credit institution withholds it and reports it in part I of table 5.1 of your return; interest from which no tax was withheld, which is what you get from a bank in another country, goes in part II of the same table (Maksu- ja Tolliamet). Routing the deposit through an investeerimiskonto defers the tax, as long as the principal and the interest come back to that account.