Interest is paid once a month, once a year or at the end of the period together with the principal amount of investment (that is agreed with the Bank in separate agreement)
„Subordinated deposit” can not be supplemented
Client on his own initiative* can not terminate the deposit before its maturity date
In accordance with the regulations of the Republic of Latvia subordinated deposits are not covered by the state guarantee scheme
Order of applying
To apply for the "Subordinated deposit”, you must contact your account manager, who will give you more information on this deposit provisions and procedure of registration. Terms on placing the deposit will be agreed with the Bank in separate agreement.
For more information please call (+371) 67041100
* Client may request a return of the deposit before the maturity date only in case of liquidation of the Bank; the Client’s request will be granted only after all other creditors’ demand satisfaction, but before the shareholders´ demands.