Šiaulių bankas is reducing interest rates on deposits since 7 April this year

2011-03-28
Since 7 April this year Šiaulių bankas is changing interest rates on Time Deposits, Accumulative Deposits and Child’s Deposits.
A customer by placing a Time Deposit for a period of one year in LTL will receive 3 per cent of interest rate, for a deposit in EUR - 2.10 per cent and for deposits in US dollars - 1.6 per cent of interest rate. The Bank will pay 3.7 per cent of interest rate for the same type of deposit placed for a longer period up to five years in LTL and for deposit in EUR - 3.5 per cent of interest rate. The Bank reduces interest rate on Time Deposits approximately by 0.2 per cent. Depositors having decided to place Time deposit in LTL for a period of less than one year, interest rates are ranging from 0.7 per cent to 2.75 per cent depending on the chosen period.

The Bank also changes interest rate on Accumulative Deposit. The Bank will pay 2.8 per cent for the Accumulative Deposit placed for the period of two years in LTL, for deposit in EUR - 2.7 per cent, whereas in US dollars - 1.6. Customers will be paid with 2.5 per cent of interest rate for the Accumulative Deposit placed for the period of one year in LTL, in EUR - 1.8 per cent, while in US dollars - 1.3 per cent of interest.

The Bank offers the customers, wishing to receive higher interest rate, to place a Time Deposit via Internet using SB linija. Placing a Time Deposit via Internet, interest rate can increase from 0.1 per cent to 0.15 per cent. A depositor by placing Time Deposit for a period of one year in LTL via Internet will receive 3.15 per cent of interest rate, while for a period of four years - 3.85 per cent of interest rate.

Since 7 April Šiaulių bankas will pay 3.3 per cent of annual interest rate for Child’s Deposit placed in LTL, for deposits placed in EUR - 2.4 per cent, while for deposits placed in US dollars - 1.9 per cent.

In order to find out the precise amount you will receive placing a Time deposit in the outlet, it is not necessary to go to the Bank. You can make the calculation by yourself by entering the precise amount and period of deposit as well as selecting the currency in the calculator of Time deposit in the web-site of Šiaulių bankas.

Interest rates currently in force at Šiaulių bankas.