The interest rate for the time deposits is changed when the interest is paid every month
Since 22 February this year the way of time deposit interest payment is changed.
The depositors can choose the way of time deposit interest payment: the last day of the deposit term or each month. By choosing interest payment every month, the interest rate is less by 0.1 per cent both in subdivision of the bank and via SB linija.
The depositors who prefer higher interest shall place time deposits via the Internet. The bank pays by 0.15 per cent higher interest for the time deposits longer than 6 months term placed via SB linija; the bank pays by 0.1 per cent higher interest for the time deposits shorter than 6 months.
Currently for the one-year time deposit 5.2 per cent, in Euro - 3.2 per cent, in USA dollars - 1.5 per cent interest is paid. The depositor by placing one-year time deposit in Litas via SB linija and choosing interest payment at the end of the term will receive 5.35 per cent interest.
Interest rates on time deposit you may calculate yourself by using Time Deposit Interest Calculator.