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Short-term Deposit

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Short-term deposits are a banking service available to individuals. The period of this deposit is one week, with an option of automatic extension. This type of savings offers an opportunity to deposit somewhat larger amounts of money and earn interest income.  The original amount of short-term deposits cannot be increased.

Advantages:

  • earn fixed interest – the bigger the amount of deposit, the higher the interest
  • make deposits in various currencies - LVL, EUR or USD
  • specify separate accounts for receiving the deposit principal and the earned interest
  • receive the deposited amount and earned interest upon maturity
  • extend the deposit for a fixed period, setting a minimum interest rate for extending the deposit
  • where necessary, discontinue the automatic extending of the deposit, subject to one day’s prior notice
  • one client can have several short-term deposits at a time

Extras:

What you need is:

  • Sign the Deposit Agreement with the bank at any branch or in the Internet banking site or by calling 67444444.
  • To open a new deposit account via Internet banking, go to "My Deposits / Add New Agreement" . To open a short-term deposit, select "Term Deposit" as the type of deposit, "1 week" as the period of deposit, and "Automatic Extension" where appropriate.