Deposits
Grow your money with the best deposit interest among banks

EUR

Interest you will earn (gross)

- EUR

Annual interest rate: -%

The amount of interest is the pre-tax and calculated on the condition that the whole deposit amount has been received on our account by the start date of the agreement, all the conditions required for the entry into force of the deposit agreement have been met and the deposit amount is not withdrawn during the deposit period.

Why deposit money in Inbank?

Inbank deposit is suitable for you if you’re looking for a risk-free way of increasing your savings. Put your free money in a deposit and make your savings grow.

best deposit interest

Inbank is the bank that offers the best interest on term deposits.

secure deposit

Deposits opened in Inbank are guaranteed by the national Guarantee Fund.

deposit on the internet

You can open a deposit easily online.

Which deposit suits you the best?

Term deposit Flexible deposit
Deposit amount 500-300,000 euros Initial deposit amount 1,000-25,000 euros
Deposit period 3-36 months Deposit period 6, 12 or 24 months
Best possible interest rate Good interest rate
Money cannot be withdrawn from or added to the deposit during the deposit period Money can be added to or withdrawn from the deposit without losing the interest***
0.10% higher interest rate in the case of automatic prolongation of the deposit** No added interest in the case of automatic prolongation
Open deposit Open deposit
**
If you select the automatic prolongation of the deposit, the interest rate on the renewed deposit is 0.10% higher than the interest rate effective on the first day of the new deposit period.
***
The number of times money is withdrawn from or paid into a flexible deposit is not limited, but the maximum amount of a flexible deposit is double the initial amount and the minimal amount is 50% of the initial amount of deposit.

Deposit interest rates

Period Term deposit Flexible deposit
3 months 0,50% -
6 months 0,75% 0,50%
9 months 1,00% -
12 months 1,25% 0,75%
18 months 1,50% -
24 months 1,75% 1,00%
36 months 2,00% -

Making your money grow is easy

1

Fill in application and sign the agreement

You can submit the application and sign the deposit agreement with your ID card or Mobile ID, or at an Inbank branch.

2

Identify yourself

When depositing more than 15,000 euros, you will need to identify yourself at an Omniva or Inbank branch, which you can choose while signing the contract.

3

Make the transfer

Transfer the amount to be deposited to Inbank’s account using the current account and reference number indicated in the agreement.

Transfer the money back to your account

At the end of the deposit period, you can transfer the money from your customer account in Inbank back to the same current account you used to open the deposit.

Terms & Conditions of Deposit

All the interest rates given are in percentages per year. We calculate interest on the basis of a 360-day year and the actual number of days between the start and end dates of the periods.

The interest rates given apply to deposits in the case of which the interest payment is made at the end of the deposit period.

The following is subtracted from the interest rate if the interest payment of a term deposit is made at the start of the deposit period 0,30%
The following is subtracted from the interest rate if the interest payment of a term or flexible deposit is made every month 0,15%

The maximum volume of the deposit amounts of a client is 300,000 euros. Every client has the right to open an unlimited number of deposits, but the total amount of these deposits may not exceed the maximum deposit amount per client. The maximum amount of a flexible deposit is considered a part of the maximum flexible deposit amount of a client in the case of flexible deposits.

Automatic renewal of deposit

Inbank offers the option to choose automatic renewal for deposits during the deposit period. This means that after the expiry of the selected period, the term of the deposit will extend automatically by the same period. For example, if you choose one year as the period and opt for automatic renewal, the deposit will extend for another year after the first year. The new interest will be the deposit interest effective on the day of renewal plus 0.10%.

Safety of deposits

Deposits opened in Inbank are guaranteed by the national Guarantee Fund. The deposits of our clients with accumulated interest are guaranteed in full, but not more than 100,000 euros per person. Further information about the deposit guarantee can be found on the website of the Guarantee Fund and in the Guarantee Fund Act. Read also the depositor information sheet.

Early Termination of Deposit

You can cancel your deposit at any time by submitting a written application to info@inbank.ee. Inbank will not pay interest for the deposit period in the case of early termination. The deposit amount will be paid back to the customer account within 30 days. If you would like to get the deposit amount earlier, Inbank has the right to request the early payout fee according to the effective price list.

In order to open a deposit in Inbank, log in to the Inbank internet bank and fill in the application for opening a term or flexible deposit. You can select the suitable deposit amount and period when you fill in the application. After filling in the application and signing the agreement, transfer the deposit amount to Inbank’s account using the deposit reference number you will find in the agreement. The deposit amount must be received on Inbank’s account within seven days of entry into the agreement, or the agreement will automatically become invalid.

You can open a deposit when you log in to the internet bank using your ID card or Mobile ID. Additional identification at a branch is not necessary for opening a deposit.

After the expiry of the deposit period, Inbank will transfer the deposit and interest amount to your customer account from which you can transfer the money to your personal current account. The transfer is free of charge. Inbank will not send a separate notification about the expiry of the deposit. Log in to the Inbank internet bank to check the balance of your customer account and the expiry date of your deposit agreement.

A customer account is the account where the deposit and interest amount are held at the time when it is not held in an active deposit. You can transfer money to the customer account using the number of the Inbank current account given in the deposit agreement and your personal customer account reference number. The customer account is not a current account and payments cannot be made from it. You can transfer the amount in the customer account back to your current account from which you made the initial deposit payment to Inbank. The annual interest return of the customer account is 0.00%.

Inbank offers the option to choose automatic renewal for deposits during the deposit period. This means that after the expiry of the selected period, the term of the deposit will extend automatically by the same period. For example, if you choose one year as the period and opt for automatic renewal, the deposit will extend for another year after the first year. The new interest will be the deposit interest effective on the day of renewal plus 0.10%. This means that you can earn more interest than the ordinary interest rate in the price list if you opt for automatic renewal. You can set and cancel the automatic renewal of a deposit the day before the expiry of the specific deposit.

You can cancel your deposit at any time by submitting a written application to info@inbank.ee. Inbank will not pay interest for the deposit period in the case of early termination. The deposit amount will be paid back to the customer account within 30 days. If you would like to get the deposit amount earlier, Inbank has the right to request the early payout fee according to the effective pricelist.

Inbank is a bank, so the deposits of our clients are guaranteed by the national Guarantee Fund. The deposits of our clients with accumulated interest are compensated in full, but for no more than 100,000 euros. Further information about the deposit guarantee can be found on the website of the Guarantee Fund and in the Guarantee Fund Act.

In the case of a term deposit, a certain amount of money earns interest for a specified period of time. In the case of a flexible deposit, you can increase or decrease the initially deposited amount. A term deposit is suitable for you if you are sure that you will not need the money at a certain time. A flexible deposit allows you to use the deposited money more flexibly.

When you fill in the deposit application, you can choose whether the interest payment will be made at the start of the period, every month or at the end of the period. 0.30% is subtracted from the interest rate if the interest payment of a term deposit is made at the start of the deposit period. 0.15% is subtracted from the interest rate if the interest payment of a term or flexible deposit is made every month.

As of 2018, the state started taxing the interest earned on bank deposits, which are paid out in 2018 or later. The income tax payable on deposit interest is 20%. You will find more information about this on the website about taxation of deposit interest.