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From today, the three-month term deposit interest rate will be 2.75% (previously 2.5%), the six-month rate will be 3% (previously 2.75%), and the annual rate will be 3.8% (previously 3.5%). At the same time, rates for time deposits for 24 and 36 months will remain at 2.85%.
On the other hand, the bank pays 2.15% per year for savings in a savings account for both individuals and legal entities.
“SEB banka” board member Arnis Škapars informs that 70% of depositors choose a one-year term deposit.
The bank also states that in the second quarter of 2023, private individuals’ demand for deposits was 2.8 times higher, while the deposited amount increased by 98% compared to the first quarter. At present, citizens have deposited more than 23% of their available funds in term deposits and savings accounts.
According to the amount of assets, “SEB banka” was the second largest bank in Latvia at the end of 2022, according to the information of the Bank of Latvia.
2023-08-01 05:02:00
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