Term deposit |
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A term deposit is a deposit for a fixed term with a fixed interest rate.
A term deposit is an excellent way to manage your surplus funds: you are saving your money while constantly generating extra profit.
If you have some funds that you don’t have any plans for in the nearest future, it might be a good idea to put them in a Parex banka term deposit. Fixed maturity terms vary from 1 month to 5 years, and with our excellent interest rates you will receive rather handsome returns.
With a Parex term deposit you may choose to receive the interest at deposit maturity, monthly or yearly. The principal amount is paid at deposit maturity.
Parex term deposit features:
- fixed interest — the larger the amount of the deposit and longer the term, the greater will be the interest;
- deposits available in various currencies — LVL, EUR, USD, SEK, EEK, or GBP, AUD;
- you may nominate various beneficiary accounts for the principal and interest earned;
- the deposit can serve as collateral for the issuance of an international payment card.
Parex term deposit interest rates:
| Term deposit with interest payable upon maturity1 |
| Currency |
Minimal amount |
1 month |
3 months |
6 months |
9 months |
1 year |
2 years |
3 years |
5 years |
| LVL |
50 |
5.1% |
6.1% |
7.8% |
8.5% |
9.0% |
8.0% |
7.0% |
6.0% |
| USD |
100 |
2.0% |
2.5% |
3.0% |
3.5% |
4.0% |
4.0% |
4.0% |
4.0% |
| EUR |
100 |
3.2% |
3.5% |
4.0% |
4.2% |
4.5% |
4.0% |
4.0% |
4.5% |
| GBP |
50 |
3.0% |
3.2% |
3.5% |
3.8% |
4.0% |
4.0% |
4.0% |
4.0% |
| SEK |
1 000 |
3.0% |
3.5% |
4.0% |
4.2% |
4.5% |
4.0% |
4.2% |
4.8% |
| EEK |
1 500 |
4.1% |
4.5% |
4.5% |
5.0% |
6.0% |
5.0% |
5.0% |
5.0% |
| AUD |
200 |
6.0% |
6.4% |
6.8% |
7.2% |
7.5% |
7.2% |
7.4% |
8.2% |
| RUR |
3 000 |
7.0% |
8.0% |
9.0% |
9.5% |
10.0% |
9.0% |
9.0% |
9.0% |
Effective from 01.03.2010.
| Term deposit with interest payable monthly1 |
| Currency |
Minimal amount |
1 month |
3 months |
6 months |
9 months |
1 year |
2 years |
3 years |
5 years |
| LVL |
50 |
5.10% |
6.07% |
7.68% |
8.27% |
8.65% |
7.44% |
6.37% |
5.26% |
| USD |
100 |
2.00% |
2.49% |
2.98% |
3.46% |
3.93% |
3.85% |
3.78% |
3.65% |
| EUR |
100 |
3.20% |
3.49% |
3.97% |
4.14% |
4.41% |
3.85% |
3.78% |
4.07% |
| GBP |
50 |
3.00% |
3.19% |
3.47% |
3.75% |
3.93% |
3.85% |
3.78% |
3.65% |
| SEK |
1 000 |
3.00% |
3.49% |
3.97% |
4.14% |
4.41% |
3.85% |
3.96% |
4.31% |
| EEK |
1 500 |
4.10% |
4.48% |
4.46% |
4.92% |
5.84% |
4.77% |
4.67% |
4.47% |
| AUD |
200 |
6.00% |
6.37% |
6.71% |
7.03% |
7.25% |
6.75% |
6.70% |
6.89% |
| RUR |
3 000 |
7.00% |
7.95% |
8.84% |
9.21% |
9.57% |
8.30% |
7.99% |
7.45% |
Effective from 01.03.2010.
| Term deposit with interest payment in the beginning of term1 |
| Currency |
Minimal amount |
1 month |
3 months |
6 months |
9 months |
1 year |
2 years |
3 years |
5 years |
| LVL |
50 |
5.08% |
6.01% |
7.51% |
7.99% |
8.26% |
6.90% |
5.79% |
4.62% |
| USD |
100 |
2.00% |
2.48% |
2.96% |
3.41% |
3.85% |
3.70% |
3.57% |
3.33% |
| EUR |
100 |
3.19% |
3.47% |
3.92% |
4.07% |
4.31% |
3.70% |
3.57% |
3.67% |
| GBP |
50 |
2.99% |
3.17% |
3.44% |
3.69% |
3.85% |
3.70% |
3.57% |
3.33% |
| SEK |
1 000 |
2.99% |
3.47% |
3.92% |
4.07% |
4.31% |
3.70% |
3.73% |
3.87% |
| EEK |
1 500 |
4.09% |
4.45% |
4.40% |
4.82% |
5.66% |
4.55% |
4.35% |
4.00% |
| AUD |
200 |
5.97% |
6.30% |
6.58% |
6.83% |
6.98% |
6.29% |
6.06% |
5.82% |
| RUR |
3 000 |
6.96% |
7.84% |
8.61% |
8.87% |
9.09% |
7.63% |
7.09% |
6.21% |
Effective from 01.03.2010.
Penalty charge for premature closure of deposit 2 10%
1 receive information regarding change of interest rates by calling to bank (phone +371 701-00-00 GMT +2);
2 on premature closure of deposit no interest is repaid.
Please contact our Client Service in order to arrange for a term deposit.
For more flexibility with good returns, please see our Savings Accounts.
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