LHV review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
LHV is an Estonian bank whose term deposits pay a 1.9% to 2.45% on a fixed basis, with the money and its interest returned at the end of the term. It suits savers who can place funds in Estonia and want EU deposit protection behind the balance.
Key facts
- Best for
- Estonian savers happy to lock cash into a fixed deposit under EU deposit protection.
- Headline rate
- 1.9% to 2.45%↗
- Rate type
- Fixed↗
- Term
- 1 to 24 months↗
- Minimum deposit
- €100↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Deposited money is repaid automatically to your account on the morning of the last day of the deposit agreement; interest is paid at the end of the term↗
- Monthly fee
- €0↗
- Account kind
- Fixed↗
- Regulators
- Estonian Financial Supervision Authority (EFSA)↗
- Legal entity
- AS LHV Pank↗
- Headquarters
- Estonia↗
- Founded
- 1999↗
- Support channels
- Email, Phone, Chat, Help-centre↗
- Pricing model
- No monthly fee, Fixed rate
- Official website
- lhv.ee
Loans
- APR
- 19.67% to 19.9%↗
- Loan amount
- €200 to €15,000↗
- Arrangement fee
- 2% of the loan sum, from 29.90 EUR↗
- Funding time
- Within a few minutes of signing the agreement↗
- Representative example
- Loan amount 2,400 EUR, contract fee 48 EUR, monthly service fee 3.99 EUR, term 54 months, monthly payment 64.02 EUR, annual rate of charge 19.67%↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Aged 18 to 75, monthly income at least EUR 400, Estonian citizen or living in Estonia on a residence permit↗
- Origination fee (%)
- 2%↗
- Loan types
- Personal, Debt-consolidation, Car, Student, Secured, Credit-line, Business↗
- Features
- Virtual card
Brokers
Mortgages
Credit cards
- Card kind
- Credit↗
Debit cards
- Card type
- Debit↗
Facts checked September 26, 2026, 13 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Deposits sit under EU DGS up to EUR 100,000.
- The rate is fixed, so the return is known when the deposit opens.
- The balance and its interest return on their own once the agreement ends.
- Support runs on email, phone and chat.
Cons
- The 1.9% to 2.45% paid is below the site median of 3%.
- Terms run 1 to 24, shorter than the site median of 36.
- The deposit is fixed, so the money stays out of reach until the term ends.
Who it suits
- Estonian residents who want a fixed deposit returned automatically at maturity
- Savers who put the deposit guarantee ahead of the headline rate
- Customers who want loans and a home loan from the same bank
Who should look elsewhere
- Anyone who wants a higher rate elsewhere; Wise pays 3.29% and bunq 3.01% against LHV's 1.9% to 2.45%
- Savers who need instant access, since the deposit is fixed
- People living outside Estonia who do not hold an Estonian residence permit
Fees and currency costs
Two numbers carry the cost. Opening the deposit takes a minimum of €100, above the site median of €0.88, and the savings account that holds the money carries a €0 monthly fee. The entry amount is the only charge that applies, so the decision turns on how long the cash can sit and what it earns while it waits.
How LHV compares
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Where LHV is available
- Available
- Estonia
- Licence in Estonia
- Estonian Financial Supervision Authority (EFSA) (MiCA CASP 529900GJOSVHI055QR67), checked September 26, 2026, also valid in Estonia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does LHV pay on a term deposit?+
The rate is fixed and it moves with the term you choose, running 1.9% to 2.45%. That sits below the site median of 3%, so the case for LHV rests on the deposit guarantee and the automatic return of the money rather than on the yield.
How much do I need to put in to open a deposit?+
The minimum deposit is €100, against a site median minimum of €0.88. The savings account that holds the balance carries a €0 monthly fee, so the opening amount is the whole entry cost here. Anything above that goes into the deposit, not into charges.
How long do I have to leave the money in?+
Terms run 1 to 24, which is shorter than the site median of 36. Interest lands at the end rather than monthly, so the money is meant to stay put for the whole term. Shorter terms suit anyone who wants the cash back sooner, at the cost of a lower headline rate.
Is my money protected?+
Deposits sit under EU DGS up to EUR 100,000, and the cover stops at that ceiling. The bank is supervised by the Estonian Financial Supervision Authority, and the account is held by AS LHV Pank, an Estonian institution rather than an offshore platform.
What happens at the end of the term?+
When the agreement runs out, the balance finds its way back to your account on its own and the interest follows it. Nothing has to be renewed by hand at that point. If you want the cash working again, you place it on the same fixed terms for another stretch of 1 to 24.
How do I reach support?+
Support runs on email, phone and chat, so email, phone, chat and a help centre are all open to you. The help centre appears on 73.3% of comparable savings listings and phone on 80.2%, so this is a well covered channel mix.
Can I borrow from LHV as well?+
Yes. LHV is a direct lender offering personal, debt consolidation and car loans, with amounts of €200 to €15,000 and an annual rate of charge of 19.67% to 19.9%. Money arrives Within a few minutes of signing the agreement, and early repayment is free, so a loan can be cleared sooner without a penalty.
What can I trade?+
The investment side runs on LHV Trader and LHV Broker, and the markets covered are stocks, forex and options. A stock trade costs €9, which is the level that matters for regular dealing. Investment balances sit under EU ICS up to EUR 20,000, separate from the deposit guarantee.
Sources
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Deposit protection, Headquarters, Investor protection, Legal entity, Regulators, Licences
“ae_homeMemberState=EE”
- lhv-trader-et.software.informer.com/6.0 checked September 26, 2026
Backs: Markets, Platforms
“you can purchase and sell shares, currencies, options and futures”
- lhv.ee/en/consumer-loan checked September 26, 2026
Backs: Loan amount, APR, Free early repayment, Funding time, Lender type, Arrangement fee, Origination fee (%), Representative example
“Loan amount From 200 € to 15,000 €”
- lhv.ee/en/consumer-loans checked September 26, 2026
Backs: Loan types
“Private loans: Home loan, Private loan, Student loan, Margin loan; Consumer loans: Consumer loan, Car loan, Home repair loan, Refinancing Loan, Instalment, Hire-purchase; Corporate loans: Micro loan,...”
- lhv.ee/en/faq/consumer-loan checked September 26, 2026
Backs: Eligibility
“your monthly income is at least EUR 400, you are aged 18 to 75, you are an Estonian citizen or live in Estonia on the basis of a residence permit”
- lhv.ee/en/home-loan checked September 26, 2026
Backs: APRC, Fixed period, Initial rate, Maximum loan to value, Product fee, Purpose
“The annual percentage rate of charge for a home loan is 4.399% on the following sample conditions: loan amount of 170 000 €; interest rate of 4.30% per year; agreement fee of 300 €”
- lhv.ee/et/ettevottest checked September 26, 2026
Backs: Founded
“LHV asutasid 1999. aastal Rain Lõhmus ja Andres Viisemann ... 1999 Asutatud”
- lhv.ee/et/hinnakiri checked September 26, 2026
Backs: Pricing model, Monthly fee
“Konto haldamine tasuta ... Tähtajaline hoius Intressimäärad 1,90% - 2,45% (EUR)”
- lhv.ee/et/kontakt/klienditugi checked September 26, 2026
Backs: Support channels
- lhv.ee/et/tahtajaline-hoius checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type, Term
“Hoiustatud raha laekub hoiuselepingu viimase päeva hommikul automaatselt sinu kontole ... Intressimakse toimub hoiuperioodi lõpus”
- lhv.ee/en/credit-card checked September 26, 2026
Backs: Card kind
- lhv.ee/en/news/2021/11 checked September 26, 2026
Backs: Stock trade fee
“it is possible to invest globally starting from a transaction fee of 9 euros”
- lhv.ee/et/erakaardid checked September 26, 2026
Backs: Card type, Features
“Erakliendi pangakaardid - private debit cards”
Compiled from 13 source pages, checked September 26, 2026. We did not open an account.
LHV
Estonian savers happy to lock cash into a fixed deposit under EU deposit protection.