OREANDA-NEWS. October 08, 2008. Taking into account changes on international and local money markets DnB NORD Bankas, a member of dynamic international banking group, shall pay higher interest rates on term deposits to individual and corporate customers, reported the press-centre of DnB NORD Bankas.

Starting October 6th, the rates for the term deposits in Litas for individual customers shall increase by 0.48 percentage point on average and by average 0.23 percentage point for time deposits in Euro. For term deposits in US Dollars AB DnB NORD Bankas shall pay 0.39 percentage point higher time deposit rate on average.

For customers who place term deposits via DnB NORD Internet banking system the bank will pay its customers 0.25 percentage point premium on standard rates so, for example, the annual rates for popular one-year time deposits will increase to 6.55 percent.

The shortest term to park term deposit in AB DnB NORD Bankas is two days.

AB DnB NORD Bankas is part of the DnB NORD banking group which was established by the Norway’s largest bank and North Germany’s largest bank NORD/LB. The joint enterprise concentrated the business activities of both founders in the countries surrounding the Baltic Sea by providing the full spectrum of modern, highest quality services within Denmark, Finland, Estonia, Latvia, Lithuania and Poland.