Bigbank review

The account pays a variable headline rate of 2.2%, credited monthly. Because the rate is variable it can move in either direction, so the figure is a starting point rather than a promise. Interest is not paid on the portion of the balance held above the protection limit.

No. The monthly fee on the savings account is €0, and the current account carries the same €0 charge. Transfers are free as well, so holding a balance and moving money costs nothing to run.

Deposits are covered under the EU deposit guarantee scheme at EU DGS up to EUR 100,000. Bigbank is supervised in Estonia by Finantsinspektsioon, which appears in its register of credit institutions. The legal entity behind the account is Bigbank AS.

Deposits can be made at any time, and withdrawals go to the current account within a few business days. There is a minimum payout amount per withdrawal, so small withdrawals are not processed below that floor.

No minimum is required, since the minimum deposit is €0. On the site measure that puts the account at rank 1 out of 370 brands ranked on minimum deposit. You can start with a small amount and add more later.

The account is digital-only, so everything is handled through the app or the online banking rather than a branch. Support is offered through phone, email and help centre, which gives you phone, email and a help centre when you need help with the account.

It is an easy-access account, which means money can be deposited at any time without a fixed term or notice period. The rate is variable, so the interest follows movements in the base rate. Interest is added to the account monthly.

Bigbank has been running since 1992 and is headquartered in Estonia, with the legal entity Bigbank AS. The account and the current account are both offered under that same name, with the current account handling the transfers behind the savings balance.