Fixed-term deposit	Apply Interest rates

The Fixed-term Deposit is a deposit for private individuals enabling them to deposit free funds for a fixed term - from 1 month to 5 years, and to receive interest on the deposit at maturity.

The customer may extend the maturity date and negotiate the minimum interest rate. Once placed, the term deposit amount may not be further increased.

Possibilities and advantages:

• Receive fixed interest (the larger the amount of the deposit and the longer the maturity, the higher is the interest rate applied),
• Deposit money in various currencies - LVL, USD or EUR,
• Receive the interest earned at maturity,
• Nominate differing beneficiary accounts for the principal and interest earned,
• Extend the deposit for a fixed period of time, setting a preferred minimum interest rate for the extension of the maturity,
• Place a Fixed-term Deposit for the benefit of a third party,
• Hold several Fixed-term Deposits simultaneously,
• Use the deposit as a collateral for loan facility or issuance of an international Payment Card.

Additional possibilities:

• Upon placing a deposit, a Private Account or Salary Account may be opened for the customer free of charge.

To place a Fixed-term deposit, you have to:

• Sign a Deposit Agreement with the Bank in any branch or in the Internetbank or using Telephone Bank calling 67444444