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The Cash Drawer is a smart, worry-free way of moving towards your goals. Whether it’s the trip of a lifetime you’re dreaming of or a nest egg you’re planning, the Cash Drawer is an easy way to save and make your money grow.
You can now collect money for the new deposit with both automatic collection methods and transfers. You can configure the collection solutions exactly according to your preferences.
Open the Cash Drawer in our app and start shoring up your future with every payment today!
We pay 2% interest on the funds you amass in the Cash Drawer, making it a very smart way to save – because you earn that monthly interest on top of the money you’ve put aside.
You have complete freedom of choice when it comes to how you save in the Cash Drawer. You can have transactions rounded up to the nearest euro, or have a fixed amount transferred to your deposit from every payment. You can also set up standing orders and make one-off contributions.
The savings in your Cash Drawer are accessible at any time. If you need to, you can have them transferred to your ordinary account at no charge for you to use the very next day. Conversely, if you’ve hit your original target but your goals have changed in the meantime, you can simply carry on saving.
To ensure a better future for yourself, you don’t need to keep a constant eye on the share markets or spend an inordinate amount of time organising your finances. As an Estonian bank, we offer the convenience and sense of security you need to be able to focus on the things you really enjoy in life!
The Cash Drawer is a deposit that offers a variety of ways to maximise your savings with a minimum of effort. You also earn interest on the money you save in the deposit, growing your nest egg even more.
You can set up automatic transfers and/or deposit money yourself in the following ways:
You can also choose how you make automatic payments into your deposit, with money being transferred from all transactions or, for example, only when you pay by card or from a combination of transactions and transfers that aren’t card payments. How you go about saving is completely flexible, and you can set it up (and change it) quickly and easily in our app. Payments into the Cash Drawer can also be made by third parties via a bank transfer on the basis of a payment order.
The savings in your deposit will earn 2% interest. We pay this out in accordance with our price list, which you can find here. In calculating interest we take as its basis the balance of the Cash Drawer at the end of each calendar day, the number of days the deposit has been maintained and the calendar year, which is considered to be 365 days. Interest is paid once a month. If the Cash Drawer agreement is terminated prior to the end of a month, no interest is paid for that month.
You can maintain your deposit for as long as you like.
Anyone from the age of 7 can get themselves a Cash Drawer deposit.
You can have your savings transferred to your account for use the next day free of charge. If you’d like to use the money straight away, you can do so for a fee of €5.00 (as set out in our price list).
You’ll find the standard terms and conditions of the Cash Drawer here.
Keep an eye on your money matters wherever you are. Using the Internet bank and mobile bank of Coop Pank is really easy. Give it a try!