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The Guarantee Limit of Deposits Rose to 100,000 euros
03 JANUARY, 2011

Starting from 1 January 2011, the guarantee limit of all term deposits at Estonian credit institutions, including BIGBANK, rose from the former 50,000 euros to 100,000 euros.

All amounts of money deposited by BIGBANK’s clients are guaranteed by the Guarantee Fund and compensated according to the Guarantee Fund Act. In accordance to the amendment of the act passed by the Riigikogu on 8 December 2010, starting from 1 January 2011, the deposits of every depositor in one credit institution shall be guaranteed 100% in the extent of up to 100,000 euros (1,564,660 kroons). The deposits of legal persons are also guaranteed.

More information on the Guarantee Fund and the guarantee for deposits is available on the homepage of the Guarantee Fund at www.tf.ee/eng

In the case of additional questions, please contact our Client Service.