Best and Most Trusted Banks in the Baltic States

LHV Pank is Estonia’s largest domestic financial group, known for its support of Baltic investors and everyday digital banking. With APYs of up to 2.75% and low-fee SEPA transfers, it’s a solid choice for EU residents seeking a smart, euro-based savings and current account combo. Though it lacks global reach, its integration with Tallinn’s tech scene and access to Baltic equities make it appealing to regional users. LHV’s secure online onboarding process, multilingual service, and investor-focused tools further boost its relevance for Estonia-based professionals and expats.

Coop Pank is Estonia’s fastest-growing retail bank, combining digital ease with a national branch network. Known for its cashback integration with Coop supermarkets, it offers APY up to 2.25% even on current accounts. While its services are Estonia-centric and best suited for residents, the mobile app experience is polished and reliable. Account holders enjoy fee-free shopping perks, interest-bearing balances, and strong local mortgage offerings. Though it’s not built for international expats, Coop Pank is ideal for Estonian citizens who want modern banking with local convenience.

Inbank is a niche Estonian digital bank focused on fixed-term savings and installment loans across the EU. It doesn’t offer current accounts or debit cards but shines in its high-yield term deposit offerings. With rates as high as 3.30% for 12-month commitments, it appeals to savers looking for safe, hands-off returns. Inbank’s operations are fully digital, with smooth onboarding for EU residents. Though limited in scope, its clarity and focused savings strategy make it ideal for Europeans seeking a pure savings solution with transparent terms.

Bigbank is an Estonia-headquartered online savings bank offering some of the highest fixed-term deposit rates in the EU. With a standout APY of 3.50% and pan-European availability, it attracts interest from conservative savers seeking stability. There are no current account services – Bigbank is purely for term deposits. With easy digital access, support in multiple languages, and consistent returns, it’s a strong choice for EU residents prioritizing long-term savings over flexibility or banking bells and whistles.

Citadele is a prominent Latvian retail and business bank offering broad multi-currency support and a full suite of financial services. With a modern app, tokenized cards, and integrations like Apple Pay, it’s a solid option for Baltics-based users. It supports online onboarding for EU/EEA citizens and some non-residents. While its interest rates are low, the account features and card range are comprehensive. The bank targets individuals and SMEs, though non-residents may face higher compliance scrutiny. Ideal for locals or regional businesses needing multi-currency access with full digital control.

Rietumu Banka is a Latvian private and corporate banking specialist with a strong international profile. It caters to high-net-worth individuals, holding companies, and international traders. Known for multi-currency accounts and robust wealth management tools, it offers advanced features like remote onboarding and term deposit services. Entry requirements and compliance procedures are strict, and fees are notably higher than in retail banks. While not ideal for casual users, it’s an excellent fit for global entrepreneurs, especially from Eastern Europe and the CIS, seeking structured corporate solutions.

BlueOrange Bank in Latvia offers specialized business and private banking services for international clients, particularly those needing SEPA and SWIFT access. It enables remote corporate onboarding and provides multi-currency accounts with international IBANs. However, onboarding is selective and requires strong documentation. Monthly fees are higher than those of retail banks, reflecting its niche focus. BlueOrange is suitable for foreign companies operating in the EU or looking for compliant European banking infrastructure with cross-border payment flexibility.

Signet Bank focuses on EU-registered businesses, offering fast account setups and integrated tools for invoicing and payments. With competitive FX rates for EUR and USD, it suits startups and digital businesses. Remote onboarding is available for EU companies, though monthly fees apply and it doesn’t serve personal or non-profit customers. Its digital-first approach and cost-effective FX make it a smart choice for SMEs with cross-border transactions in the Baltics.

Šiaulių Bankas is one of Lithuania’s largest retail banks, offering local branches, solid savings options, and reliable digital services. With APY around 1.20% on standard accounts and full Lithuanian-language support, it suits residential users seeking traditional banking with modern twists. While rates are moderate and non-resident onboarding limited, its strong presence in towns and cities and branching network make it a convenient choice for Lithuania-based customers.

Medicinos Bankas is a specialized Lithuanian institution catering to healthcare professionals and small medical businesses. It offers targeted services like online accounting, loans for clinics, and tailored small business plans. Although the APY is modest, its niche support and industry-oriented banking features make it a valuable partner for medical-sector clients. Consumer banking is limited, but it thrives with professional audiences.

Mano Bankas is Lithuania’s up‑and‑coming digital bank offering fully online onboarding and virtual debit cards. With straightforward euro transfers, savings features, and a clean interface, it mirrors neobank convenience. Though still building its service range and not yet branch-based, it provides a strong app experience for digital-first users. Ideal for residents who prefer modern banking without traditional branch legwork.

PayRay Bank is tailored for fintechs, SaaS platforms, and businesses needing embedded banking APIs. It enables real-time SEPA and faster-than-SEPA payments, virtual IBAN issuance, and onboarding through API integration. With no consumer-facing app, it’s designed for developers and B2B platforms. Fees depend on volume and API complexity, making it ideal for tech-driven European startups building financial features into their stack.