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Tuesday, 13.05.2025, 10:29
Swedbank Estonia: economic decline has increased interest in investing money into fixed-term savings
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Press spokesperson of Swedbank Kristi Künnapas stated that in comparison to November 2007, the volume of fixed-term savings of the bank’s individual customers has grown by nearly a quarter. “It is remarkable that conclusion of deposit contracts in the internet banking environment is becoming increasingly popular,” she added.
Yesterday a number of banks in Estonia have also stated that economic decline has not forced people to give up their savings and people do not easily withdraw money from their fixed-term savings accounts.
Press spokesman of SEB Silver Vohu stated that in the past few months the termination of fixed-term savings accounts has not increased significantly. “There is no such overall trend of people giving up on their savings before deadline,” he noted.
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