Savings

Subordinated deposits

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 deposit entitles citizens of foreign countries to get a residence permit in Latvia.

Conditions

• Deposits available in EUR, USD
• Deposit term – 5 years
• The deposit agreement is non-terminable throughout its term
• Minimum deposit amount: 300 000 EUR or 400 000 USD
• Interest pay-out once in half-year