Savings

Early deposit withdrawal conditions

Rietumu offers favourable conditions on early termination of deposit contracts on the initiative of the customer.

• In case of early termination of deposit, disregarding its term on the date of the dissolution, the client will be paid ½ of the interest and commission fee of 0.5% of the sum will be charged.

The principal and the accrued interest will be repaid upon expiration of one calendar week following the receipt of your early redemption written request.

• You can also get quicker access to their funds in case of early termination of a deposit – at latest, on the next working day upon receipt of a customer’s written application. This service is chargeable with additional 0.25% fee (min. EUR 100).

When terminating deposits, if there was an overpaid deposit interest by the time of the receipt of your early redemption written request, the excess amount will be recovered from the principal.

In case the term deposit with growing interest rate is terminated ahead of schedule, and if the required conditions are not observed (early redemption exactly after a year the term deposit was opened, as well as the day when the following years end during the deposit term – with early redemption written request to the Bank one week ahead), then the accrued interest for the last year of deposit are not paid out and Bank will charge 0.5% from deposit principal amount as early redemption fee. The deposit principal will be repaid upon expiration of one calendar week following the receipt of early redemption written request.