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 |
4.5% |
6.0% |
7.0% |
7.5% |
8.0% |
7.5% |
7.3% |
7.0% |
| USD |
100 |
2.5% |
3.0% |
3.3% |
3.5% |
4.0% |
4.0% |
4.2% |
4.5% |
| EUR |
100 |
4.3% |
5.0% |
5.2% |
5.3% |
5.5% |
5.5% |
5.5% |
5.5% |
| GBP |
50 |
5.3% |
5.6% |
5.8% |
5.9% |
6.0% |
6.1% |
6.2% |
6.3% |
| DKK |
1 000 |
4.8% |
5.0% |
5.3% |
5.5% |
5.8% |
5.9% |
6.0% |
6.1% |
| SEK |
1 000 |
5.0% |
5.2% |
5.5% |
5.7% |
6.0% |
6.1% |
6.2% |
6.3% |
| EEK |
1 500 |
5.7% |
5.8% |
6.2% |
6.2% |
6.5% |
6.0% |
6.0% |
6.0% |
| AUD |
200 |
7.0% |
7.3% |
7.5% |
7.8% |
8.0% |
8.0% |
8.0% |
8.0% |
Effective from 04.08.2008.
| 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 |
4.50% |
5.97% |
6.90% |
7.32% |
7.72% |
7.01% |
6.62% |
6.02% |
| USD |
100 |
2.5% |
2.99% |
3.26% |
3.46% |
3.93% |
3.85% |
3.96% |
4.07% |
| EUR |
100 |
4.30% |
4.98% |
5.14% |
5.21% |
5.37% |
5.23% |
5.10% |
4.87% |
| GBP |
50 |
5.30% |
5.57% |
5.73% |
5.79% |
5.84% |
5.77% |
5.70% |
5.49% |
| DKK |
1 000 |
4.80% |
4.98% |
5.24% |
5.40% |
5.65% |
5.59% |
5.53% |
4.34% |
| SEK |
1 000 |
5.00% |
5.18% |
5.44% |
5.59% |
5.84% |
5.77% |
5.70% |
5.49% |
| EEK |
1 500 |
5.70% |
5.77% |
6.12% |
6.08% |
6.31% |
5.68% |
5.53% |
5.26% |
| AUD |
200 |
7.00% |
7.26% |
7.39% |
7.60% |
7.72% |
7.44% |
7.19% |
6.75% |
Effective from 04.08.2008.
Penalty charge for premature closure of deposit 2 1%
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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