Šiaulių bankas defines new deposit interest


From March 16th 2009 Šiaulių bankas is changing the deposit interest rates.

Taking into consideration changes in the international and national monetary markets, the bank has reviewed the deposit interest rate, i.e. for the first time after a long period it is not increasing but decreasing it.

Annual deposit interest rates depending on the term are decreasing by 0.4 - 1.9 per cent. The most significant decrease is falling on short-term deposits. The bank pays 7 per cent of annual interest for one-month period time deposits in litas, 8.5 per cent - for three-month and 9 per cent - for a half-year time deposits. While the interest paid for one-year time deposits with Šiaulių bankas still remains attractive: annual interest for deposits in litas reaches 9.9 per cent, in euros - 8 per cent and in US dollars - 4.4 per cent.

The clients of Šiaulių bankas are able to place time or accumulative deposits not only visiting any outlet of the bank but also using the bank’s Internet service system “SB linija”. The depositors placing deposits via the Internet are entitled to 0.2 per cent higher annual interest than it is valid at the bank at that time, i.e. the bank pays 10.1 per cent for the one-year time deposit in litas placed through the “SB linija” while 9.8 per cent of annual interest is paid for the accumulative deposit.

The higher deposit interest is also paid to those clients who choose another type of deposit, i.e. a time deposit with a payment card - acquiring “Visa Electron” and “Maestro” payment card, the interest paid for deposits increases by 0.2 per cent.

At the moment in Šiaulių bankas the biggest interest of 10.5 per cent is paid for the five-year time deposits with the variable interest rate. The annual interest paid for the Child’s deposit reaches 10.2 per cent.

All the clients’ deposits with Šiaulių bankas are insured in the public institution “Insurance of Deposits and Investments” in compliance with the Law on Insurance of Deposits and Commitments to the Investors of the Republic of Lithuania.