Savings account
Savings calculator| Conditions | Description |
|---|---|
1. Opening 1 |
free of charge |
2. Maintenance 1 |
free of charge |
3. Currency * |
LVL, USD, EUR, GBP, SEK, NOK |
4. Maturity |
n/a |
5. Original amount |
A minimum of 10 LVL; 20 USD; 20 EUR; 20 GBP; 300 SEK; 300 NOK must be credited to the savings account upon signing the contract |
6. Adding |
An unlimited number of regular or one-off contributions can be transferred to the savings account |
7. Interest calculation |
Interest earned is calculated on each day's savings account balance if it is not less than the original amount, and is added to the savings every third month on the date corresponding to the contract start date |
8. Interest rate determination |
The interest rate is revised according to how situation changes on the deposit interbank market |
9. Withdrawal |
If notice of withdrawal of a certain amount or the whole savings account balance (ending the contract) is given 7 calendar days in advance, the relevant amount will be transferred to account free of charge |
10. Termination 2 |
If the contract is terminated or a certain amount of money is withdrawn without prior notice, a penalty at the rate of 0.4% (min. 5 LVL, 10 USD, 10 EUR, 10 GBP, 150 SEK, 150 NOK) will be deducted from the amount to be transferred |
Effective from 16.10.2012.
Interest rate per annum
| Contract Currency | Minimal amount | Rate |
|---|---|---|
LVL |
10 | 0,10% |
USD |
20 | 0,10% |
EUR |
20 | 0,10% |
SEK |
300 | 1,00% |
NOK |
300 | 1,00% |
GBP |
20 | 0,20% |
Effective from 16.10.2012.
1 Additionally, you can execute or amend, free of charge, the special Authorization, which provides for the authorized executor's right to use funds in the savings account for the purposes of fulfilling the task entrusted by the depositor as specified in the Authorization.
2 The authorized executor is entitled, for the purposes of the task entrusted, to withdraw funds at no commission fee, without giving the 7 days' prior notice, subject to the procedure and extent agreed in the special Authorization by the depositor and 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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