Navigate to main page content
Become a customer

Term deposit

Deposit Guarantees Law

According to the Deposit Guarantees Law of the Republic of Latvia every deposit with a Latvian commercial bank, including term deposits with Swedbank, in Easy Saver account, Majority savings account or a current account is guaranteed to receive a reimbursement equivalent to the amount of the deposit of up to EUR 100 000 per one depositor.

Basic information about the state-guaranteed deposit reimbursement.

A depositor becomes entitled to the guaranteed reimbursement if the credit institution with which their funds are held is found to face unavailability of deposits, i.e. the inability of the attractor of deposits to pay out deposits, if at least one of the following circumstances, or a combination thereof, has occurred:

  • the court has declared the attractor of deposits to be insolvent;
  • the Finance and Capital Market Commission (“FCMC”) has revoked the permission (licence) to operate as a credit institution/credit union;
  • The FCMC has established that the attractor of deposits is unable to pay out the deposit to the depositor and has decided to declare occurrence of deposit unavailability.

Every individual is entitled to the guaranteed reimbursement for funds placed with a commercial bank (current account balance, term deposit, Easy Saver, Majority savings account to the amount of the deposit.

The amount of the maximum guaranteed reimbursement is EUR 100,000 per one depositor.

The depositor is entitled to a guaranteed reimbursement of EUR 200,000 is the funds have been placed with the bank within the last three months and the deposit consists in:

  1. amount of money from transactions with residential real estate owned by a person;
  2. social benefits, compensations;
  3. compensation for a damage of criminal nature or for wrongful conviction of a person.

The guaranteed reimbursement will not be paid to an individual for:

  • deposits that are related to money laundering or that constitute proceeds derived from criminal activity, provided a verdict of guilty has entered into force;
  • deposits placed by a person who has not been identified as a customer in compliance with the requirements of the Law on Prevention of Laundering of Proceeds Derived from Criminal Activities and Terrorist Financing;
  • private pension fund deposits;
  • deposits below EUR 10 if there have been no transactions with such a deposit during the last two years.

In the event of deposit unavailability, the guaranteed reimbursement will be paid out to the depositor starting with the 21st business day as from the day of occurrence of deposit unavailability.In the event of deposit unavailability, the guaranteed reimbursement will be paid out to the depositor starting with the 21st business day as from the day of occurrence of deposit unavailability.

The guaranteed reimbursement is only payable in euro currency, balance in foreign currencies will be translated to euros.

For further information see the Deposit Guarantees Law.

Provide your contact information and we will call you within 1 business day!
Swedbank AS will process the personal data specified in this application to contact and inform about this service. Swedbank AS is processing personal data according to the Principles of processing personal data, which are available on Swedbank AS webpage under Terms and Conditions and in customer service locations of Swedbank AS.

Thank you!

Your application has been sent.

Failed to submit the application!

A convenient way of keeping your spare funds apart

  • New! Earn up to 3,40% per year on your deposit
  • Agreement can be concluded in various currencies
  • Easy to set up and can always be checked via Internet Banking

The calculation is approximate. The exact amount depends on the terms of your Deposit agreement.

Let’s have a talk about what’s important for you

Book a consultation with our specialist.

  • Minimum amount - 100 EUR, 100 USD, 100 GBP, 1000 SEK, 1000 NOK.
  • Term – from 1 month to 1 year.
  • Guaranteed repayment – deposit is protected to the extent stated in the Deposit Guarantees Law.
  • The term deposit can be set up not only in EUR but also in USD, GBP, SEK and NOK.
  • No amounts can be added to an existing term deposit.
  • You can terminate deposit agreement earlier free of charge, however in this case the accrued interest will not be paid.
  • The personal income tax on accrued interest income will be withheld automatically. You won’t need to pay the tax yourself or file any tax returns with the State Revenue Service (except when declaring annual income is required under the Law on Personal Tax).
Service Price, EUR
Setting up the contract Easy via Internet Banking Free of charge
Transfer/cash payment into term deposit on its opening date Free of charge
Administration Free of charge Adding funds to the deposit is not possible.
Interest rates and minimum amounts See Interest rates

Interest rate is fixed for the entire deposit period.
Interest accrues on the deposit amount on a daily basis and is transferred to the principal account:
a) upon maturity;
b) on a monthly basis.

If the time period, for which the deposit is placed, differs from the standard durations specified in the price list, then an interest rate for the closest shorter period will be applied.

Early termination of the agreement Easier via Internet Banking Free of charge If the deposit is closed before maturity, then the depositor will not be paid the interest accrued, plus any interest paid out earlier will be withheld (including any withheld taxes). The withholdings will be made from the deposit amount before payout.
Payout of deposit in cash from current account See Cash transactions in branches For deposit contracts set up before 01.07.2013, cash payout in USD and EUR is free of charge for 1 calendar month after transfer of deposit amount to the customer’s current account.
1 month 3 months 6 months 1 year
Contract Currency The minimum amount of deposit Annual rate
EUR 100 2.75% 3.25% 3.25% 3.40%
USD 100 1.50% 1.50% 1.75% 3.00%
GBP 100 0.50% 0.50% 0.90% 1.30%
SEK 1000 0.30% 0.30% 0.60% 1.00%
NOK 1000 0.30% 0.30% 0.60% 1.00%

Effective from 10.06.2024.

documentTerms of Deposit Agreement for Private Persons

Saving is the key to your financial sustainability

People with savings are more financially resilient to shocks as unemployment, natural disasters, and unplanned expenses like medical bills or a new rooftop. Being mindful about your consumption may not only reduce your impact on environment but also help you save more.

  1. Set specific saving goals, e.g. safety pillow, vacation, new laptop, etc. This will help monitor progress and assign meaning to saving habits.
  2. Save small amounts routinely to increase your savings. Have at least 3 months of your expenses saved to ensure you can overcome any unexpected challenges.
  3. Save money by choosing products that will last longer. Evaluate the cost per use of each product and choose your purchases wisely.
Saving becomes a habit for many people. Join them and build your financial sustainability. 7 out of 10 Latvians say they recently started saving more on daily basis. Swedbank survey, 2020.

Save instead of wasting

People throw away 20% of food and 43% of clothes they have purchased every year. See how much money you could potentially save if you only consumed as much as you needed.

Monthly spendings

Potential monthly savings

  • 0EUR
  • 0EUR
  • 0EUR

Based on European Environment Agency.

A convenient way of diversifying and sustainably investing spare money, starting from 1 EUR.

Build up savings for your child's future now, so you can have peace of mind and your child – their own capital.

You will automatically top up your savings with a small amount every time you pay by card.

Swedbank logo

Jūsu Internet Explorer pārlūkprogramma netiek atbalstīta.

Lūdzu izmantot Google Chrome, Mozilla Firefox vai Microsoft Edge pārlūkprogrammu.

Ar 23.03.2021. Swedbank internetbanka vairs nav pieejama, izmantojot Internet Explorer tīmekļa pārlūkprogrammu.

Tāpat nav iespējams apstiprināt Swedbank maksājumus citās vietnēs, kā arī izmantot Swedbank autentifikāciju, piemēram,

Turpmāk iesakām izmantot Google Chrome, Mozilla Firefox vai jaunāko Microsoft Edge versiju. Uzziniet, kā uz sava datora uzstādīt kādu no minētajām pārlūkprogrammām, šeit.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Klientu serviss - Инфо и помощь - Customer service: +371 67 444 444

  • Jūsu ierīces operētājsistēma un pārlūkprogramma ir novecojusi un netiek atbalstīta Swedbank internetbankas lietošanai. Aicinām vērsties pie Jums uzticama IT atbalsta, lai saņemtu konsultāciju un veiktu atbilstošu operētājsistēmas un pārlūkprogrammas atjauninājumu.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have been logged out from Internet bank

For extra security close the browser window. If you wish to continue using Internet bank, please log in again.

Planning to renovate or buy a property?

If you need a loan, choose a Home Small loan.

Special offer! Until 31 July, the loan agreement fee – 0 EUR.

  • Loan up to 20,000 EUR
  • No down payment and no pledge on property