Short-term deposit
| Conditions | Description |
|---|---|
1. Opening |
free of charge |
2. Maintenance |
free of charge |
3. Currency * |
LVL, USD, EUR, GBP, SEK, NOK |
4. Maturity 1 |
1 week |
5. Minimal amount 2 |
A minimum of 10 000 LVL; 20 000 USD; 20 000 EUR; 20 000 GBP; 300 000 SEK; 300 000 NOK must be credited to the deposit account upon signing the contract |
6. Adding |
No subsequent pay-ins are possible |
7. Interest calculation |
Interest earned is calculated every day on the deposit amount and transferred to the principal account upon maturity |
8. Interest rate determination |
The interest rate is fixed for the whole period of deposit |
9. Extension |
The contract can be enabled for automatic extension by the previous maturity or any other period at an the defined minimum renewal interest rate |
10. Withdrawal |
To use the money in deposit before the maturity date, the contract can be terminated or the deposit can be pledged as a collateral for a loan or a credit card |
11. Termination |
If the contract is terminated before maturity, the depositor will not be paid the interest calculated on the deposit amount and a penalty at the rate of 1% of the deposit amount will be charged |
Effective from 05.11.2012.
1 If the period, for which the Short-term Deposit is placed, differs from the standard periods given in the price list, an interest rate of the closest shorter period will be applied.
2 If a larger amount is placed in the Short-term Deposit (starting from LVL 100 000, 150 000 EUR/USD/GBP or 2 250 000 SEK/NOK) a higher personal interest rate may be negotiated with the bank.
* When making a deposit in foreign currency, consider the risk of changes in the value of your deposit due to exchange rate fluctuations.
 
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