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 |
7.1% |
9.0% |
10.5% |
11.0% |
12.0% |
9.0% |
8.0% |
7.0% |
| USD |
100 |
2.0% |
3.0% |
3.5% |
3.7% |
4.0% |
4.0% |
4.0% |
4.0% |
| EUR |
100 |
4.2% |
4.3% |
4.4% |
4.5% |
4.6% |
4.0% |
4.0% |
4.5% |
| GBP |
50 |
3.0% |
3.2% |
3.5% |
3.8% |
4.0% |
4.0% |
4.0% |
4.0% |
| DKK |
1 000 |
4.5% |
4.7% |
4.8% |
4.9% |
5.0% |
5.0% |
5.0% |
5.0% |
| SEK |
1 000 |
4.0% |
4.1% |
4.2% |
4.3% |
4.5% |
4.5% |
4.5% |
5.0% |
| EEK |
1 500 |
5.5% |
6.0% |
6.5% |
7.0% |
8.0% |
6.5% |
5.5% |
5.0% |
| AUD |
200 |
4.0% |
4.2% |
4.5% |
4.8% |
5.0% |
5.0% |
5.0% |
5.0% |
| RUR |
3 000 |
8.0% |
9.0% |
10.0% |
11.0% |
12.0% |
10.0% |
10.0% |
10.0% |
Effective from 18.01.2010.
| 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 |
7.10% |
8.93% |
10.28% |
10.62% |
11.39% |
8.30% |
7.19% |
6.02% |
| USD |
100 |
2.00% |
2.99% |
3.47% |
3.66% |
3.93% |
3.85% |
3.78% |
3.65% |
| EUR |
100 |
4.20% |
4.28% |
4.36% |
4.43% |
4.51% |
3.85% |
3.78% |
4.07% |
| GBP |
50 |
3.00% |
3.19% |
3.47% |
3.75% |
3.93% |
3.85% |
3.78% |
3.65% |
| DKK |
1 000 |
4.50% |
4.68% |
4.75% |
4.82% |
4.89% |
4.77% |
4.67% |
4.47% |
| SEK |
1 000 |
4.00% |
4.09% |
4.16% |
4.24% |
4.41% |
4.32% |
4.23% |
4.47% |
| EEK |
1 500 |
5.50% |
5.97% |
6.41% |
6.84% |
7.72% |
6.13% |
5.10% |
4.47% |
| AUD |
200 |
4.00% |
4.19% |
4.46% |
4.72% |
4.89% |
4.77% |
4.67% |
4.47% |
| RUR |
3 000 |
8.00% |
8.93% |
9.80% |
10.62% |
11.39% |
9.15% |
8.78% |
8.14% |
Effective from 18.01.2010.
| 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 |
7.06% |
8.80% |
9.98% |
10.16% |
10.71% |
7.63% |
6.45% |
5.19% |
| USD |
100 |
2.00% |
2.98% |
3.44% |
3.60% |
3.85% |
3.70% |
3.57% |
3.33% |
| EUR |
100 |
4.19% |
4.25% |
4.31% |
4.35% |
4.40% |
3.70% |
3.57% |
3.67% |
| GBP |
50 |
2.99% |
3.17% |
3.44% |
3.69% |
3.85% |
3.70% |
3.57% |
3.33% |
| DKK |
1 000 |
4.48% |
4.65% |
4.69% |
4.73% |
4.76% |
4.55% |
4.35% |
4.00% |
| SEK |
1 000 |
3.99% |
4.06% |
4.11% |
4.17% |
4.31% |
4.13% |
3.96% |
4.00% |
| EEK |
1 500 |
5.47% |
5.91% |
6.30% |
6.65% |
7.41% |
5.75% |
4.72% |
4.00% |
| AUD |
200 |
3.99% |
4.16% |
4.40% |
4.63% |
4.76% |
4.55% |
4.35% |
4.00% |
| RUR |
3 000 |
7.95% |
8.80% |
9.52% |
10.16% |
10.71% |
8.33% |
7.69% |
6.67% |
Effective from 18.01.2010.
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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