Rietumu Bank continues developing its deposit programme and now offers a new deposit product for its clients – the multicurrency deposit. The novelty and the convenience of this deposit is in the opportunity provided to place both euro and dollars at a fixed interest rate for a certain period when opening a transaction. The client can also convert from one currency to another during the entire valid deposit term, with the interest rate for both currencies remaining unchanged.
The new product will allow the client to flexibly manage the structure of their deposit, reducing the risk of the rate change of the world’s major currency pair EUR/USD. In this case, it also becomes possible to derive additional income, due to fluctuations of the currency rates.
“We always strive to offer new opportunities to our clients which allow them to place their funds at more beneficial and comfortable terms. Therefore, the range of our products is being continuously extended and improved.
Recently, a deposit with the possibility of an overdraft became available to our clients, and now we are offering them another new product – a multicurrency deposit. It will be of interest to the clients who would like to insure themselves against the risk of currency fluctuations, as well as to those who are on firm ground in the currency market and would like to have the opportunity to derive additional income,” says Julia Grin, Head of the Client Deposit Department of Rietumu Bank.
A deposit with the possibility of an overdraft may be opened for a period of three months to a year. The minimum deposit amount is EUR 100 000 or USD 100 000. The minimum amount of one conversion is EUR 5 000 or USD 5 000.
Rietumu Bank also offers its clients classical term deposits, deposits with compounding interest, savings account, Oxford child’s savings account, subordinated loans which allow obtaining a residence permit in Latvia, etc.
Further comprehensive information is available on the bank’s website.
Eleonora Gailisha Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail:
[email protected]
