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Erste Bank Crna Gora review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Erste Bank Crna Gora suits savers in Montenegro who want a fixed-rate term deposit to leave alone for 36. Costs stay low, though the fixed rate locks the money away, and the wider lending range is the real draw for anyone who wants savings, cards and loans in a single place.

Key facts

Best for
Savers in Montenegro who want a fixed-rate deposit plus everyday banking in the same place.
Rate type
Fixed↗
Term
36 months↗
Minimum deposit
€100↗
Access terms
Term deposit from EUR 100, up to 36 months + 1 day, interest paid at maturity or monthly, quarterly, semiannually or annually, in EUR, USD, GBP, CHF, for residents and non-residents↗
Monthly fee
€0.50↗
Account kind
Fixed↗
Legal entity
Erste bank AD Podgorica↗
Headquarters
Montenegro↗
Support channels
Phone, Chat, Email, Help-centre↗
Pricing model
Fixed rate
Official website
erstebank.me

Loans

APR
6.99%↗
Loan amount
€250 to €40,000↗
Arrangement fee
Loan processing fee up to 60 EUR↗
Credit check
Hard↗
Representative example
Cash loan of 18,000.00 EUR over 72 months at 6.49% nominal and 6.99% effective; total paid 21,939.40 EUR, monthly instalment 302.49 EUR↗
Lender type
Direct lender↗
Loan types
Personal, Secured, Debt-consolidation↗
Use cases
Home-improvement↗
Features
Travel

Debit cards

Free ATM withdrawals
€0↗
Card type
Debit↗
Card network
Mastercard↗

Mortgages

Initial rate
3.99%↗
APRC
4.45%↗
Fixed period
10 years↗
Product fee
€0↗
Purpose
Purchase, First-time-buyer↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

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Pros and cons

Pros

  • Fixed-rate deposits: the rate type is fixed, with terms running 36 so the return is set from the start.
  • A modest entry point, with a minimum deposit of €100 and access open to residents and non-residents.
  • Help is broad, covering phone, chat and email.
  • Savings, cards and borrowing sit with the same bank, including a Mastercard debit card and loans for personal, secured and debt consolidation.

Cons

  • The money is committed: 36 at a fixed rate, with interest paid at maturity or on a schedule.
  • Everyday banking carries a price, since the card bills €0.50 a month and the free ATM withdrawal allowance is €0.
  • Borrowing is priced too, at 6.99% with Loan processing fee up to 60 EUR and a hard credit check.
Erste Bank Crna Gora

Ready to try Erste Bank Crna Gora?

Scored 8.8 / 10 by SumCue.

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Who it suits

  • Savers in Montenegro and the wider region who want a fixed rate, a minimum deposit of €100 and a term of 36.
  • Households that want savings, a Mastercard debit card and loans for personal, secured and debt consolidation from a single bank.
  • Readers who prefer a variable rate and easier access, since Wise pays variable interest and bunq pays variable interest.

Who should look elsewhere

  • Anyone who wants a variable rate with no fixed term to serve, since bunq pays variable interest.
  • Savers chasing the strongest euro savings rate, since Wise pays variable interest and Finteres pays variable interest, worth checking before locking cash for 36.

Fees and currency costs

The fixed-rate term deposit starts from a minimum deposit of €100, so the entry amount is modest for a product that locks money away. The Mastercard contactless debit card tied to the account bills a monthly fee of €0.50, and that is the main running cost here. Interest on the deposit is the return, not a charge.

Who runs it

Erste Bank Crna Gora is operated by Erste bank AD Podgorica, based in Montenegro. It is a full retail bank rather than a deposit-only platform, and support runs on phone, chat and email: phone, chat, email and a help centre, so most questions can be handled without a branch visit.

How Erste Bank Crna Gora compares

Where Erste Bank Crna Gora is available

Available
Montenegro
Licence in Montenegro
Fond za zastitu depozita Crna Gora, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What kind of deposit is this and how long is the money tied up?+

It is a fixed-rate term deposit: the rate type is fixed and the account kind is fixed, with the model listed as fixed rate. The term runs 36, and interest can be paid at maturity or on a chosen schedule.

How much do I need to open a deposit?+

The minimum deposit is €100, a small entry for a fixed-term product, though above the €0 across deposits on the site. The term shapes the return far more than the entry amount does.

Is my deposit protected?+

The deposit is a bank account held in Montenegro, and the protection body named for that market is Fond za zastitu depozita Crna Gora. The money sits with the bank rather than with an investment platform.

What does the card and everyday banking cost?+

The Mastercard contactless card is a debit card on the mastercard network, billed at €0.50 a month. The free ATM withdrawal allowance is €0, so cash machine use is the cost to watch, and card perks centre on travel.

Can I get my money out before the end of the term?+

The deposit is built around 36 at a fixed rate, with interest paid at maturity or on a schedule. Anyone who needs same-day access to the balance is better served by a variable account rather than a fixed one.

Can the same bank lend to me as well as hold my savings?+

Yes. The bank lends for personal, secured and debt consolidation, with cash loan amounts of €250 to €40,000 and a representative rate of 6.99%. Loan processing fee up to 60 EUR applies on top of that rate, and applications run a hard credit check.

Does it also offer a mortgage?+

Housing loans are offered for purchase and first time buyer, with an initial rate of 3.99% and an annual percentage rate of 4.45% held for 10. First-time buyers are named as a group the home purchase route is aimed at.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Deposit protection.

Erste Bank Crna Gora

Erste Bank Crna Gora

Savers in Montenegro who want a fixed-rate deposit plus everyday banking in the same place.

8.8/10See alternatives