Frequently Asked Questions

How to invest in Gold Deposit?
Customers can sign the Gold Deposit overall framework agreement and receive all the concomitant information on their prospective investment at any customer service centre.

By signing the agreement the customer does not assume any obligations or is liable for any costs. He or she merely receives the right to enter into the Gold deposit transaction at any time.

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What are the currencies permitted for the Gold Deposit?
Gold deposits can be made in EUR, USD, LVL.

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Which are the financial instruments pegged to gold deposit?
Gold is the recommended benchmark, but our clients with the expert knowledge of the market can choose any pair of currencies, or even various exotic financial instruments.

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Does the loan agreement mention that the loan is granted from the investor's funds?
No! During the process of trust transaction, only Bank appears as a lender in the loan agreement. Trust service implies that all transactions are carried out on behalf of the Bank – Bank employs its reputation in each deal.

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Is there a minimum amount of investments in gold deposit?
Yes! The minimum deposit amount of the Gold Deposit is LVL 20,000, or its equivalent in USD or EUR.

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What is the interest payment structure?
The accumulated interest will be paid out at the maturity date provided the price of the underlining security has not reached or exceeded the previously stipulated limit.

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Can I withdraw Gold Deposit prior to the expiration date?
Gold is the recommended benchmark, but our clients with the expert knowledge of the market can choose any pair of currencies, or even various exotic financial instruments.

If you choose to terminate your Gold Deposit and immediately sign the new deposit agreement for the equal or larger sum, the penalty charge will be reduced to the level equal to the discounted market deposit rate until the end of the term.

If you withdraw your Gold Deposit before the maturity date without subsequently signing a new agreement, the accumulated interest will be lost as well as the penalty charge of 3% from the deposit amount will be applied to your account.