https://www.citadele.ee/en/private/savings

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Savings for your future

If all your money circulates in your everyday account, saving is difficult, because everyday spending knows no limits. If you use one of our savings products, you have more opportunities for achieving your goals.


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Separate savings

Save in an account which is separate from your everyday spending at no additional cost.

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Free choice of payments

Set your own minimum amount and how often you pay in.

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Guaranteed repayment

Deposits are protected as part of the state deposit protection system.

New!

Green Savings Account

How can you save money while also caring for the environment? Our Green Savings Account, with an annual deposit interest rate of 3.50 %, satisfies both needs: you will increase your savings while simultaneously helping initiatives which allow us to live more sustainably. Every euro you deposit could support sustainable development projects in the future. Make protecting your financial future green!

Online Bank -> Savings -> Open new Green Savings Account

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Currency:
100 EUR
50 000 EUR
1 months
60 months
  • Your savings: (after tax)
    2090.14 EUR
  • Deposit interest sum:
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    90.02 EUR
  • Deposit interest rate:
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    3.50%
  • Tax deduction (20%):
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    18.00 EUR
    Grand total: 2072.14 EUR
    64.52 EUR
    Contribution amount
    Calculations are for your information only. The exact amount depends on the terms of your deposit agreement.
    Currency:
    100 EUR
    150 000 EUR
    1 months
    60 months
    Payment of accrued interest:
    Grand total: (after tax) 521.25 EUR
    Deposit interest sum: 21.25 EUR
    Deposit interest rate: 4.25%
    Tax deduction (20%): 4.25 EUR
    517.00 EUR
    Grand total
    Calculations are for your information only. The exact amount depends on the terms of your deposit agreement.
    Currency:
    100 EUR
    50 000 EUR
    1 months
    60 months
  • Your savings: (after tax)
    2038.08 EUR
  • Deposit interest sum:
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    37.96 EUR
  • Deposit interest rate:
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    1.50%
  • Tax deduction (20%):
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    7.59 EUR
    Grand total: 2030.49 EUR
    64.52 EUR
    Contribution amount
    Calculations are for your information only. The exact amount depends on the terms of your deposit agreement.
    Better % rate

    Term deposit

    A term deposit is a method of saving which is as exact as a clock: a set rate, set term, chosen currency, and clarity on how much you will receive at the end of the term. No surprises. Just as it should be.

    • You can open a term deposit account for free and without maintenance fees.
    • You can deposit your funds for between 1 month and 5 years at a fixed interest rate earned at the end of the term or monthly.
    • You can choose your deposit currency: Euro or US Dollars.
    • The government guarantees repayment of your deposit at Citadele up to 100,000 EUR.
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    Savings Account+

    Some people believe that savings accounts are boring. Maybe that's true. But is there any short-term savings method offering a passionately exciting method of saving for the future?
    • Our savings account gives you the chance to earn a small amount of interest.
    • A good option is regular deposits, because then your Savings Account+ savings will be long-term and disciplined. When you set up a regular payment, we automatically transfer your money to your savings account on a specific day each month.
    • The money in your savings account is not freely accessible, but if you wish to withdraw without paying a commission fee, you will have to wait. This will help you discipline yourself and avoid spontaneous decisions to spend the money you have saved on something different than you originally planned.
    • The government guarantees repayment of your deposit at Citadele up to 100,000 EUR.
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    Didn’t find the answer to your question?

    Visit our interactive assistant and find the information you need

    Interactive assistant
    Where will my Green Savings Account investment go?

    With the Green Savings Account, we will support environmentally-friendly initiatives. We will invest* your money in sustainable projects, such as energy-efficient real estate projects.

    Energy-efficient real estate:

    • The home has been awarded an A or A+ energy-efficiency class;
    • The building complies with the criteria of a Nearly Zero Energy Building in accordance with local legislation;
    • The level of primary non-renewable energy used in the building is at least 10% lower than stipulated for the non-renewable energy level of a Nearly Zero Energy Building in accordance with local legislation.

    * The first loan round for suitable projects will be issued within 6 months of the product entering the market, or as soon as the deposit fund reaches €10 million. Before then, deposited funds will be kept in the European Central Bank.

    How do I apply for a Green Savings Account?

    To apply for a Green Savings Account, you must be a Citadele customer:


    You must sign a Green Savings Account agreement. It is easiest and most convenient to sign the agreement in the online bank under Correspondence with bank > Free form Order to the bank.

    You must enter the following:

    • Topic: Open a Green Savings Account
    • Account number for authorisation
    • Body: I am familiar with the terms and conditions of the Green Savings Account, please open a Green Savings Account for me.

    Select "Next", re-authorise and confirm your request by selecting "Execute".

    We will send you an online banking notification once your agreement has been signed. We usually open a savings account within one business day of receiving an application.

    Terms of Opening and Servicing The Green Savings Account

    What is the minimum amount of money you can have in a Savings account+?

    There is no minimum amount, you can begin saving from €1.

    Is there a limit on Saving account+?

    There is no limit on the amount of money that you can put in a savings account.

    What if I need to withdraw from my savings account?

    If you want to withdraw money from a Krājkonts+ savings account without paying a commission fee, you must notify the bank 35 days in advance. However, if you wish to receive your money sooner, without submitting a request, you must pay a commission fee, which is 1 % of the withdrawal sum.

    If you wish to withdraw money from your Green Savings Account without paying a commission fee, you must notify the bank 60 days in advance. However, if you wish to receive your money sooner, without submitting a request, you must pay a commission fee, which is 1 % of the withdrawal sum.

    What is the aim of a savings account?

    A savings account is one of the basic types of financial products, which allows you to deposit money and, usually, earn a small amount of interest, while maintaining the ability to withdraw your money within a relatively short amount of time.

    How do I withdraw money from a Green Savings Account?

    To withdraw funds from a Green Savings Account, go to the online bank under Correspondence with bank > Free form Order to the bank.

    The order must display the following:

    • Topic: Withdraw funds from my Green Savings Account
    • Account number for authorisation: Your Green Savings Account number (Iban)
    • Body: Please make a payment of (amount) from my Green Savings Account to my current account (account number) in 60 (sixty) calendar days, not including the submission day.

    Select "Next", re-authorise and confirm your request by selecting "Execute".

    Can you make a withdrawal from a Saving account+?

    If you want to transfer funds from your Saving account+, you must apply thirty-five days in advance if you wish to access the money without additional fees. If you wish to transfer the funds without the thirty-five day notice, a commission fee will be applied (1% of the transfered amount).

    Can you pay bills from a Saving account+?

    You can't pay bills from a savings account. Savings accounts are for long-term storage, not short-term repeat transactions.

    What is the minimum amount I can deposit in a savings account?

    There is no minimum, you can also deposit small amounts of money in the Savings Account+ and Green savings accounts. A regular payment may help you with the discipline to deposit larger amounts.

    More questions
    Where will my Green Savings Account investment go?

    With the Green Savings Account, we will support environmentally-friendly initiatives. We will invest* your money in sustainable projects, such as energy-efficient real estate projects.

    Energy-efficient real estate:

    • The home has been awarded an A or A+ energy-efficiency class;
    • The building complies with the criteria of a Nearly Zero Energy Building in accordance with local legislation;
    • The level of primary non-renewable energy used in the building is at least 10% lower than stipulated for the non-renewable energy level of a Nearly Zero Energy Building in accordance with local legislation.

    * The first loan round for suitable projects will be issued within 6 months of the product entering the market, or as soon as the deposit fund reaches €10 million. Before then, deposited funds will be kept in the European Central Bank.

    How do I apply for a Green Savings Account?

    To apply for a Green Savings Account, you must be a Citadele customer:


    You must sign a Green Savings Account agreement. It is easiest and most convenient to sign the agreement in the online bank under Correspondence with bank > Free form Order to the bank.

    You must enter the following:

    • Topic: Open a Green Savings Account
    • Account number for authorisation
    • Body: I am familiar with the terms and conditions of the Green Savings Account, please open a Green Savings Account for me.

    Select "Next", re-authorise and confirm your request by selecting "Execute".

    We will send you an online banking notification once your agreement has been signed. We usually open a savings account within one business day of receiving an application.

    Terms of Opening and Servicing The Green Savings Account

    What is the minimum amount of money you can have in a Savings account+?

    There is no minimum amount, you can begin saving from €1.

    Is there a limit on Saving account+?

    There is no limit on the amount of money that you can put in a savings account.

    What if I need to withdraw from my savings account?

    If you want to withdraw money from a Krājkonts+ savings account without paying a commission fee, you must notify the bank 35 days in advance. However, if you wish to receive your money sooner, without submitting a request, you must pay a commission fee, which is 1 % of the withdrawal sum.

    If you wish to withdraw money from your Green Savings Account without paying a commission fee, you must notify the bank 60 days in advance. However, if you wish to receive your money sooner, without submitting a request, you must pay a commission fee, which is 1 % of the withdrawal sum.

    What is the aim of a savings account?

    A savings account is one of the basic types of financial products, which allows you to deposit money and, usually, earn a small amount of interest, while maintaining the ability to withdraw your money within a relatively short amount of time.

    How do I withdraw money from a Green Savings Account?

    To withdraw funds from a Green Savings Account, go to the online bank under Correspondence with bank > Free form Order to the bank.

    The order must display the following:

    • Topic: Withdraw funds from my Green Savings Account
    • Account number for authorisation: Your Green Savings Account number (Iban)
    • Body: Please make a payment of (amount) from my Green Savings Account to my current account (account number) in 60 (sixty) calendar days, not including the submission day.

    Select "Next", re-authorise and confirm your request by selecting "Execute".

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