OREANDA-NEWS. October 20, 2008. Certificate of deposit is a personalized security document, which certifies the invested to Baltic International Bank deposit sum and the depositor’s (certificate owner’s) title to withdraw deposited amount and interest, indicated in the certificate and available on expiry of deposit term, reported the press-centre of Baltic International Bank.
 
The certificate is transferable that provides you a possibility to make savings for your relatives or friends, i.e. depositor’s title will passed to a person to whom you transfer the certificate.
 
Both, private individuals and companies may be the holders of certificate of deposit.  The certificate can be opened in Euro or USD.
 
Certificate of deposit main conditions:
 
If the term of deposit is 1 year:
 
-         Certificate’s nominal value for private individuals: 10 000 EUR/USD.

-         Certificate’s nominal value for legal entities: 100 000 EUR/USD; 200 000 EUR/USD; 500 000 EUR/USD.
 
Certificate of deposit’s interest rate will be calculated according to agreement provisions. The Bank’s current interest rates are applied to certificate of deposit.  
 
More detailed information is available in the Bank.