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✓ On expiry of deposit, the amount of investment and calculated interests are transferred to the clients account. Customers are also provided with the possibility of monthly payout of interests accrued for a time deposit
✓ You can deposit both Euros and foreign currency. You cannot make additional instalments to the time deposit
✓ According to the special agreement with the bank , higher than standard, interest rates may be available for deposits over 64 000 EUR or its equivalent in foreign currency
✓ Minimum length of investment is 1 month, maximum length is 3 years (36 months)
✓ Interests are accrued starting with the first day of deposit. Instalment can be made in cash or by bank transfer. Calculation of interests is based on type of currency, deposited amount and time of deposit
✓ Bank gives an opportunity to roll over expired deposit into a new time deposit. In this case the deposited amount with accrued interests are prolonged for the same time according to interest rates and terms, which are valid at the moment
✓ Contract for Time Deposit can be concluded in all branches of TBB pank and in the Internet Bank
Additional information keyboard_arrow_down
To make time deposit, you have to open bank account in Tallinn Business Bank and conclude Contract for Time Deposit in the form accepted by the bank.
Calculation of interests is based on the year of 365 calendar days.
The depositor shall submit the relevant written or digitally signed application at least 30 calendar days to the bank in order to terminate the term time deposit agreement prematurely.
In case of premature termination of the agreement the bank transfers the deposit amount to the current account. Upon premature termination of the agreement the bank shall not pay any interest to the customer for the current deposit period. The bank shall deduct the interest amount paid to the customer from the deposit amount.