This is the most common term deposit type, allowing for accruing fixed pay-outs that are due at the end of term.
By investing funds in a Term Deposit with Interest Repayment, you receive the accrued fixed interest pay-outs once a month, once in three months or with other periodicity at a customer’s convenience. This form of term deposit can serve as a reliable source of regular income.
This type of deposit provides you with an opportunity to add funds to the deposited amount in order to increase the capital invested, thus increasing also the pay-outs at the end of term. The Term Accumulative Deposit is suitable for customers who have the possibility to deposit a part of their income regularly.
The term deposit with interest capitalization allows you to invest funds for a fixed period of time, and features a simultaneous compounding of monthly interests. This means that the capital in the deposit (the working asset) is increasing on a regular basis, thus the end of term pay-out will be higher.
This type of deposit has a number of features that allow receiving a higher return, on one hand, but set some significant limitations in relation to early deposit withdrawals. Minimum term of this deposit is 5 years. In addition, the subordinated loan entitles citizens of foreign countries to get a residence permit in Latvia.
The bank’s new savings programme, which allows to accumulate and secure funds for your child’s first steps in individual life, such as obtaining a university degree, purchase of a real estate or starting-up a business. The deposit can be opened anytime starting from the child’s birth until he comes of age. You can also add funds to the deposited amount to increase pay-outs at the end of term.