Bigbank Will Lower Interest Rates on Short-Term Deposits
OREANDA-NEWS. On 09 February 2009 was announced, that starting from Tuesday 3 February BIGBANK lowered its interest rates on deposits with terms of one year or less. The return on one-year Estonian kroon deposits is now 8.3%, while the 9% interest rate will continue to apply to two-year deposits.
Kaido Saar, a member of the management board of BIGBANK, says that interest rates depend on the amount of money deposited, the currency chosen and the way in which the interest is to be paid. More information about the new interest rates is available on the BIGBANK website at www.bigbank.ee.
BIGBANK AS is an Estonian-owned specialist credit institution with subsidiaries in Latvia and Lithuania. The bank also offers its range as cross-border services in Finland. Its bonds are listed on the Tallinn and Stockholm stock exchanges.
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