Interest applied to time deposits is changing


From March 16, 2012 Siauliu bankas is changing the deposit interest - depending on the type of deposit, currency and term it is decreasing between 0,05 and 0,3 percentage points.

Those who prefer the most popular way of saving, i.e. time deposits and place their funds in litas for the period of half a year, shall be entitled to 2.3 per cent of annual interest, and shall receive 3,1 per cent for the one-year deposits. For the one-year time deposits placed in euros and US dollars the bank shall pay 2.9 per cent and 2 per cent of the annual respectively.

Interest paid for the deposits in Great Britain’s pounds sterling, Norwegian krones and Swiss francs remain the same. Placing the deposits in pound sterling for a one-year period the depositors are to receive 1,8 per cent of annual interest while 2,45 per cent is paid for deposits in krone and 1,3 per cent - for the deposits placed in francs.

The exact deposit interest can be calculated using a deposit interest calculator on the website of Siauliu bankas after entering a deposit amount, period and selecting the currency.

Moreover, Siauliu bankas pays by 0.15 per cent higher interest for the time deposits placed via the bank’s e-banking system “SB linija” for the period longer than half a year and choosing to receive the interest at the end of maturity while the interest higher by 0.1 per cent will be paid for the deposits placed via the Internet for the period shorter than half a year.

All deposits with Siauliu bankas are kept in compliance with the Law on Insurance of Deposits and Obligations to the Depositors and insured in the State Undertaking “Insurance of Deposits and Investments”.

We would like to remind that the time deposit campaign „Win the Chest of Golden Coins“ launched by Siauliu bankas shall last until June 24, 2012, the prize fund of which can reach up to LTL 50 thou. The main winner of the campaign will receive the grand prize of LTL 10 thou  while up to two hundred extra-prizes will be given to other winners.