Swedbank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Swedbank suits Estonian savers with a lump sum who want the rate set when the deposit opens and the money left alone. The account fee is €0 and the minimum deposit of €190 sits above the €0.88 site median, so it suits parking money, not starting small.
Key facts
- Best for
- Estonian residents parking a lump sum in a fixed rate term deposit.
- Rate type
- Fixed↗
- Term
- 0.067 to 24 months↗
- Minimum deposit
- €190↗
- Access terms
- Term from 2 days to 2 years; interest paid to account at maturity or monthly; optional automatic renewal; early termination returns principal but no interest↗
- Account kind
- Fixed↗
- Legal entity
- Swedbank AS↗
- Headquarters
- Estonia↗
- Founded
- 1820↗
- Support channels
- Phone↗
- Pricing model
- Fixed rate
- Official website
- swedbank.ee
Loans
- APR
- 18.18%↗
- Loan amount
- €300 to €20,000↗
- Arrangement fee
- 1,5% laenusummast, vähemalt 15 €↗
- Credit check
- Hard↗
- Funding time
- Funds paid to the account immediately after signing the loan contract↗
- Representative example
- Väikelaen: cost of credit rate 18.18% p.a. on a loan of 5000 EUR, fixed interest 15.90%, contract fee 75 EUR, term 5 years, 60 repayments, total cost 2392.01 EUR↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Regular income of at least 600 EUR per month, at least 1300 EUR together with a co-applicant; 6-month account statement if income is not paid to Swedbank↗
- Origination fee (%)
- 1.5%↗
- Loan types
- Personal↗
- Use cases
- Home-improvement↗
Personal insurance
- Premium from
- €6.25↗
- Insurance types
- Auto, Home, Travel, Life, Income-protection, Home-emergency↗
- Provider type
- Insurer↗
- Monthly payments
- Yes↗
- Excess from
- €50↗
- Cover limit
- 1,000,000 EUR medical cover (travel insurance)↗
- Claims channels
- Phone (888 2111, 24h), Online claim form in internet bank↗
- Age range
- 18-70↗
- Audience
- Students, Kids
Credit cards
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- The deposit account fee is €0, so holding the balance costs nothing each year.
- The rate is fixed, so the return is set when the deposit opens.
- Terms run 0.067 to 24, so a short stop or a longer lock away sit inside one product.
- Interest can be paid monthly instead of only at maturity, so the money earns while it waits.
Cons
- The minimum deposit of €190 ranks 328 of 379 brands, above the €43.85 upper quartile on the site.
- Support runs on phone only, and 80.2% of savings brands ranked on the site share that single channel.
Who it suits
- Estonian households with a lump sum to place for a known period.
- Savers who want the return fixed at the point of deposit rather than tracking a variable rate.
- Customers already banking with Swedbank who like interest paid monthly.
Who should look elsewhere
- First time savers, who find the €190 minimum deposit steep next to Wise and the variable interest it pays.
- Readers who may want the money at short notice, where bunq at variable and Finteres at variable reset the rate instead of holding it.
How Swedbank compares
8.9 vs 8.0
8.9 vs 9.4
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Where Swedbank is available
- Available
- Estonia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold a Swedbank deposit account?+
The deposit account fee is €0, so there is no charge for keeping the balance. The figure that shapes what you can do is the minimum deposit of €190, which you place when you open the deposit rather than pay as a fee.
Is the rate fixed or variable?+
The rate type is fixed, so the return is set when the deposit opens and holds for the term. Interest goes to the account at maturity or monthly, which means the balance earns something while it waits.
How long do I have to leave the money in?+
Terms run 0.067 to 24, so a short stop or a longer lock away sit inside one product. Automatic renewal is optional, so the deposit does not roll into another term unless you ask it to.
What happens if I need the money early?+
Early termination returns the principal but no interest, which makes a fixed deposit a poor home for money that may be wanted at short notice. The 0.067 to 24 term range helps, but only if you hold to the end.
How does that minimum deposit compare?+
The minimum deposit is €190, which places it at 328 of 379 brands on the site ranking. The €0 lower quartile shows how much lighter most minimums are.
How do I reach Swedbank if something goes wrong?+
Support runs on phone only, so questions go by phone. For context, 80.2% of the savings brands ranked on the site rely on phone support alone, which makes this a common setup.
What else sits under the Swedbank name?+
Beyond deposits, Swedbank AS issues credit and debit cards. The Mastercard credit card carries an annual fee of €24 and an interest-free period, while the debit card is aimed at student and kids.
Sources
- en.wikipedia.org/wiki/Swedbank checked September 26, 2026
Backs: Founded
“Founded 1820; the first Swedish savings bank was founded in Gothenburg in 1820”
- swedbank.ee checked September 26, 2026
Backs: Headquarters, Legal entity, Product fee, Purpose, Support channels
“SWEDBANK AS LIIVALAIA 34, 15040 TALLINN”
- swedbank.ee/elukindlustus checked September 26, 2026
Backs: Age range, Claims channels, Provider type, Premium from
“Life insurance: cover applies at ages 18-70; policy can be taken out at 18-68 (trauma cover 18-60)”
- swedbank.ee/hoiused checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Pricing model, Rate type, Term
“Sinu soovil kantakse hoiusummalt arvestatud intress Sinu kontole hoiuse tähtaja lõpus või kord kuus. ... Vajaduse korral saad hoiuse enne tähtaega tasuta lõpetada, kuid sel juhul ei teeni Sa...”
- swedbank.ee/kaskokindlustus checked September 26, 2026
Backs: Monthly payments
“You can pay for the insurance monthly, quarterly or half-yearly. The price does not rise because of this”
- swedbank.ee/kodukindlustus checked September 26, 2026
Backs: Insurance types
“Home insurance, motor insurance (kasko), travel insurance and life insurance; home insurance includes 24/7 home assistance and loss-of-income cover helps repay a loan if you lose your job or working...”
- swedbank.ee/private/cards/credit/mc-platinum checked September 26, 2026
Backs: Annual fee, Card kind, Currency conversion fee, Perks, Rewards type
“Revolving credit card Monthly fee 2 EUR”
- swedbank.ee/private/cards/debit checked September 26, 2026
Backs: Audience, Card type, Card network
“ISIC Mastercard Student Card - Prove your student status; Available from age 6; Order a card for a child”
- swedbank.ee/reisikindlustus checked September 26, 2026
Backs: Cover limit, Excess from
“Travel insurance: medical cover can be insured up to 1 000 000 EUR; accident cover 10 000 EUR”
- swedbank.ee/vaikelaen checked September 26, 2026
Backs: Loan amount, APR, Credit check, Eligibility, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Origination fee (%), Representative example, Use cases
“Pakume väikelaenu 300–20 000 € ulatuses”
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Headline rate, Deposit protection.