Deposits held in Estonia

Palerider

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I see banks in Estonia are offering 5% fixed one year deposit, they have the EU wide deposit guarantee up to €100k same as we have here, I am tempted, am I mad ?
 
There is no EU wide deposit guarantee.

There is a standard deposit insurance level but there is no guarantee at an EU level.

Deposit insurance schemes are normally funded by the credit institutions that benefit from the insurance.
 
There is no EU wide deposit guarantee.

There is a standard deposit insurance level but there is no guarantee at an EU level.

Deposit insurance schemes are normally funded by the credit institutions that benefit from the insurance.
Is it not guaranteed by the respective EU government.... (no idea how Estonia is doing btw)?
 
The depositor guarantee in Estonia meets the requirements of the EU deposit guarantee directive up to €100000, same as here as I understand it, the Estonia fund collects contributions from credit institutions into a fund that is available to protect deposits up to 100k in those same credit institutions.
 
I see .05%, if TLO could verify in case I'm mistaken, the Intus crowd look more like a credit union, they appeared as a pop up at the base of the search when I was searching for historic Irish deposit rates so must be looking for deposits.
 
So Intus is not a bank, is it more like a credit union? A pool P2P lending service?
 
No idea, know nothing about them, open to informed opinion but if they are not part of the bank guarantee in that country then it is not for me.
 
Just for clarification is a 100k deposit in Swedbank covered under a scheme similar to having 10pk in an Irish financial institution. If so what's not to like about the 5% the Estonia bank is offering ?
 
Just for clarification is a 100k deposit in Swedbank covered under a scheme similar to having 10pk in an Irish financial institution. If so what's not to like about the 5% the Estonia bank is offering ?

Based on the previous posts, the rate was 0.05%, not 5%!
 
Just for clarification is a 100k deposit in Swedbank covered under a scheme similar to having 10pk in an Irish financial institution.

The deposit insurance level is 100k, not 10k. All EU countries offer deposit insurance at 100k per financial institution per person.
 
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