Term deposit

Interest rates for deposit amounts over 1 000 000,00 LVL/ EUR/ USD are determined by agreement.
Interest rates on deposits with tenor of over 36 months are set by agreement.

Term deposit is a deposit for a determined time period with a fixed interest rate.

In case the Customer desires to deposit money for a term, which is not foreseen in the Term Deposit programme (for a period other than 1 mon., 3 mon., 6 mon., 9 mon., 12 mon., 24 mon., 36 mon., 60 mon.), the interest for such a Deposit is calculated for the closest period set down in the Term Deposit program, less than the non-standard term.

The Bank does not charge commissions for current account opening for the physical person to whom the current account has to be opened with the purposes of term deposit account maintenance.

The Bank does not charge commissions for pay-out of a term deposit in cash in cases if client deposits the sum of term deposit in cash.

The deposits are accepted in LVL, USD or EUR. Other currencies are converted to the above mentioned currencies according to the current Bank rates.

If the Clients application for placing a deposit is submitted to the Bank outside regular business hours of the Bank via remote payment means, the Bank has the rignt to deposit Clients funds (provided that they are sufficient in the Clients account) on the next Banking day. The maturity date of the deposit specified by the Client remains unchanged. Interest is calculated for the actual deposit period (as from the actual date of depositing).

Profit interest can be received according to client’s choice: once in a month or in the end of deposit term.

Clients have to notify the Bank of his/her intention to terminate the agreement 30 calendar days before the termination.

In case Client informs the Bank about the termination, the Bank pays interest rate detected for Current Account. In this case the amount of retained and calculated interest of income is re-calculated.

In case Client fails to inform the Bank about the termination, the Bank withholds 2% from the principal sum of the Deposit. Client doesn’t receive calculated interest of income, the Bank withholds paid-out interest from the principal sum of the Deposit.


Short-term deposit

Currency	LVL	USD	EUR
Interest Rate	by agreement	by agreement	by agreement

A short-term deposit is a deposit for a short but determined time period (from 1 day to 1 month) with a fixed interest rate.

If the Clients application for placing a deposit is submitted to the Bank outside regular business hours of the Bank via remote payment means, the Bank has the rignt to deposit Clients funds (provided that they are sufficient in the Clients account) on the next Banking day. The maturity date of the deposit specified by the Client remains unchanged. Interest is calculated for the actual deposit period (as from the actual date of depositing).

Interest profit is paid to the Client upon expiry.

In case the Client terminates a short-term deposit, the Bank withholds 2% of the principal amount of the deposit. Interest calculated will not be paid to the Client.


Savings Account

Currency	LVL (min. 50 LVL)	USD (min. 50 USD)	EUR (min. 50 EUR)
Annual interest Rate	1%	0,5%	0,5%

Savings account is a deposit for an indefinite time period with an option of Client’s prior notification of cash withdrawal.

Withdrawing of funds from the Savings account has to be ordered 7 calendar day prior to the withdrawal.

If you want to receive the money before the end of a 7-day-notice period, you will pay an early withdrawal fee at a rate of 1% from the amount ordered for withdrawal. Interest profit is charged once a month to the Client’s Current or Savings account at the client’s choice.

Interest profit is charged once a month to the Client’s Current or Savings account at the client’s choice.

Deposits are accepted in LVL, USD and EUR. Other currencies are converted in the mentioned currencies applying the rate fixed by the Bank.

If the Clients Savings account application or orders are submitted to the Bank outside regular business hours of the Bank via remote payment means, they are considered received by the Bank on the next Banking day.

The Bank does not charge any commission for Current account opening for individuals who open a Current account to maintain their Savings Account. 

The Bank will not withhold any commission for withdrawal of funds from the Current Account if such funds were transferred from the Savings Account. 
  

Investment deposit

Acceptance and servicing of a deposit	Currency	Period	Capital security, interest on deposit	Termination of deposit prior to the end of deposit period
free	USD, EUR	6 months - 2 years	A depositor is guaranteed a 100% repayment of the deposit amount at the end of the deposit period plus  0.5% of annual interest, and the possibility to receive additional profit	A depositor is paid the principal of the deposit, from which a commission fee is deducted for the termination of the deposit

Additional profit depends on changes over the deposit period in the value of the index chosen in accordance with the agreement on investment deposit.

The commission fee is defined individually for every customer based on the chosen deposit index.

The Bank does not charge a commission fee for opening a Checking Account to a private person where a Checking Account is opened for the purpose of servicing of the Investment Deposit Account.

Deposit 3/4

LVL
Minimum amount	Deposit period/ Annual interest rates
500 LVL	6 mon.	12 mon.	18 mon.	24 mon.
	3.9%	5.4%	5.9%	5.9%

EUR
Minimum amount	Deposit period/ Annual interest rates
1000 EUR	6 mon.	12 mon.	18 mon.	24 mon.
	3.3%	4.3%	4.5%	4.7%

USD
Minimum amount	Deposit period/ Annual interest rates
1000 USD	6 mon.	12 mon.	18 mon.	24 mon.
	2.6%	3.5%	3.7%	3.8%

Deposit 3/4 is a deposit for a definite period of time with a fixed interest rate and an opportunity to withdraw one-fourth of the deposit amount having given prior notice to the Bank.

Clients can withdraw one-fourth of the deposit amount as from 31st day after the placement of Deposit 3/4.

Interest profit is paid based on Clients wish: monthly or upon deposit maturity.

If the Clients application for placing a deposit is submitted to the Bank outside regular business hours of the Bank via remote payment means, the Bank has the rignt to deposit Clients funds (provided that they are sufficient in the Clients account) on the next Banking day. The maturity date of the deposit specified by the Client remains unchanged. Interest is calculated for the actual deposit period (as from the actual date of depositing).

Clients have to notify the Bank of his/her intention to terminate the deposit agreement 30 calendar days before the termination.

If the Client early terminates the deposit notifying the Bank in advance, the Bank disburses the term deposit amount in full, without paying the interest calculated but not paid yet, and the Bank withholds from the term deposit principal amount the interest that has already been paid.

If the Client terminates the deposit without notifying the Bank in advance, the Bank withholds 2% of the deposit principal amount. The Client is not paid the interest calculated and the Bank withholds the amount of already paid interest from the principal amount of the deposit.

Active deposit

		Deposit level/ Minimum balance/ Annual interest rates
		1st level	2nd level	3rd level	4th level	5th level*
Currency	Deposit period	500 LVL 2500 EUR 5000 USD	1000 LVL 5000 EUR 10000 USD	2000 LVL 10000 EUR 20000 USD	5000 LVL 25000 EUR 50000 USD	10000 LVL 50000 EUR 100000 USD
LVL	6 mon.	2.5%	2.75%	3%	3.25%	3.5%
	9 mon.	2.75%	3%	3.25%	3.5%	3.75%
	12 mon.	3%	3.25%	3.5%	3.75%	4%
	18 mon.	3.25%	3.5%	3.75%	4%	4.25%
	24 mon.	3.5%	4%	4%	4.25%	4.5%
EUR	6 mon.	2%	2.25%	2.5%	2.75%	3%
	9 mon.	2.25%	2.5%	2.75%	3%	3.25%
	12 mon.	2.5%	2.75%	3%	3.25%	3.5%
	18 mon.	2.75%	3%	3.25%	3.5%	3.75%
	24 mon.	3%	3.25%	3.5%	3.75%	4%
USD	6 mon.	1.5%	1.75%	2%	2.25%	2.5%
	9 mon.	1.75%	2%	2.25%	2.5%	2.75%
	12 mon.	2%	2,25%	2.5%	2.75%	3%
	18 mon.	2.25%	2.5%	2.75%	3%	3.25%
	24 mon.	2.5%	2.75%	3%	3.25%	3.5%