Frequently Asked Questions

Term deposit is when you put money for a fixed term in a separate account and receive guaranteed returns with a fixed interest rate.

For domestic clients — minimum deposit of EUR 500, for EU and international clients — minimum deposit of EUR 1,000.

Bank clients can place a deposit in person at the Client Service Centre or online via the Internet Bank.

For our clients
Please, fill in a short application form on our Internet Bank by clicking on the "Deposit" section.

For individuals - residents of Latvia, EU, EEA, Great Britain and Switzerland
If you want to place a deposit free of charge without opening a current account, please, use the online Client Cabinet.

For other individuals
Please, fill-in a short Application, and the Bank’s representative will contact you.

Legal entities
Please, fill in a short Application, and the Bank’s representative will contact you.

During the term of a closed-term deposit agreement, you cannot extend or change the term or amount. You can have multiple term deposits parallelly with different starting dates, lengths, and currencies.

The personal income tax is automatically withheld in accordance with the legislation of the Republic of Latvia; for more details, see here www.likumi.lv.

In accordance with the Deposit Guarantee Law, any client of Latvia's banks and credit unions, either natural persons or legal entities, is guaranteed the disbursement of compensation for any type of deposits in all currencies in amount of up to 100 000 euro in each bank or credit union (in total for all accounts, in case of several accounts with the same bank). The state-guaranteed amount refers to deposits, current account balances, wage accounts, savings accounts, etc.

The Deposit Guarantee Fund of Latvia was established and has been operating based on the Deposit Guarantee Law. For more details see here.