Savings Account – classic 7-days call deposit that allows Client to save in most flexible manner and still gain handsome interest on savings, while still being free of strict term deposit limitations.
Interest is calculated daily and capitalized to the account on a monthly basis.
Withdrawal is possible at any moment, and with notice given 7 days prior to withdrawal bank void all the penalties.
Multi-currency Current Account is opened free of charge, simultaneosly with Savings Account.
In order to open a Savings Account for private client, please fill-in (in the bank, with the assistance of bank officer or, if you wish - by yourself) the following document:
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Agreement on opening of Savings Account |
.pdf, .doc |
Please note, that in order to open Savings Account a free multi-currency Current Account shall be open first.
PRICE LIST FOR SAVINGS ACCOUNT SERVICE FOR PRIVATE CLIENTS
Valid from February 15, 2010
Approved by Asset and Liability Management Committee 26.01.2010, minutes No 25.2-1/21.
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Opening and servicing of savings account |
Free of charge |
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Receipt of account statement |
Free of charge |
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Minimal account balance the Bank calculates interest for
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LVL 50
USD 100
EUR 100 |
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Annual interest rates |
LVL – 3.50%
USD – 0.75%
EUR – 2.00% |
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Calculation of interest and imputed interest cost |
Interest on deposit shall be calculated for the account balance each day, if the balance is not less than the minimal account. Once in a month calculated interest shall be transferred to savings account or current account according with Contract terms. |
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The warning period for cash withdrawals from savings accounts |
7 calendar days |
| Deposit or part payment from savings accounts to current accounts: |
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withdrawal of money with prior notice |
Free of charge |
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withdrawal of money without prior notice |
0,5% from the amount of withdrawal |
