If you prefer not to automatically extend the validity of a deposit upon the end of its term, you may send a letter via Internet bank: indicate the transaction number and request a change of automatic extension status.
You can send the letter by accessing Internet bank: New letter -> Free form application. Confirm the letter with a generator code and a mobile signature, and send it.
Automatically extended deposits bear the interest rate valid on the date of the extension of the deposit.
You may conclude or supplement a deposit contract on Internet bank every day from 00:01 a.m. to 10:00 p.m.
Deposits are secured by the Estonian Guarantee Fund company “Tagatisfond” in accordance with the terms and conditions of the Republic of Estonia’s law on deposit insurance and insurance of liabilities to investors.
Detailed information on deposit insurance terms and conditions and the cases in which deposits are not covered and the payout limits apply to them is available on the website of the Estonian Guarantee Fund company “Tagatisfond” Deposit and Investment Insurance tf.ee
According to the deposit contract, if you decide to withdraw a deposit prior to its term, you are obliged to notify us in writing no later than 7 working days in advance. The deposit may be terminated and the funds repaid to the deposit servicing account earlier than within 7 working days (if possible, on the same working day).
If you decide to terminate a term deposit before maturity, the whole deposit amount will be returned to the current account, however, the interest will not be paid.