Holm to raise interest rates again to 4% for all deposit periods

Contrary to the prevailing trend, domestic Holm Bank is raising the interest rates for short-term, 12-month and multi-year deposits to a market high of 4%.

According to the bank’s CEO Kaspar Kalvet, the attractive earning potential will certainly encourage clients to take action, as all signs indicate that the interest rates will no longer be so high in 2025.

“Consumers across Europe are now experiencing a great sense of relief at the lowering of the base rates. This long-awaited development will leave more money in the accounts of clients with loans. But at the same time, deposit interest rates have also fallen and many clients have noticed that their savings are no longer growing at the same pace. Therefore, it is definitely worth taking advantage of the 4% interest rate offer – whether for the short term to protect one’s money from inflation, or to augment larger sums over several years,” noted the CEO of Holm.

According to him, a unified high interest rate is particularly suitable for those who want to benefit from this opportunity over the long term, yet do not feel confident enough to lock in all their savings for years.

“Many of our clients open several deposits at the same time: for example, one 3-month deposit, one 6-month deposit, one 12-month deposit and one 3-year deposit. This way, they can make all their savings grow at a high interest rate, while ensuring that some of the money is released every few months. This amount can then either be spent or re-deposited,” Kalvet advised.

According to him, term deposits continue to offer the safest way to grow your savings. “Term deposits of up to €100,000 per person at every bank registered in Estonia are protected by the Guarantee Fund. This means that no client will lose their deposited savings, no matter what happens to the bank or the entire economy. There is no such level of security with shares, bonds, pension funds or any other investment solution,” he explained.

According to Kalvet, Holm strives to offer the highest possible deposit interest rates, as this gives clients the opportunity to keep and grow their money safely at an Estonian bank, while active deposit acceptance supports the bank’s rapid growth. Over the past year, Holm’s deposit portfolio has grown by more than 40%. The commitment to a high deposit interest rate is part of our ambition to further drive the expansion of Holm’s business and to exceed the seminal waypoint of 200 million euros for our deposits in a matter of months,” said Kaspar Kalvet.