OREANDA-NEWS  On 02 March was announced, that taking into account changes in domestic money market AB DnB NORD Bankas, a member of international financial group, changed corporate time deposit rates.

Starting from 27th of February AB DnB NORD Bankas will pay higher rates to corporate customers for LTL time deposits longer than 6 months and lower rates for shorter than 5 months maturity . For LTL time deposits over 6 months up to one-year AB DnB NORD Bankas shall pay 0.80 percentage point higher rates on average. For example, annual interest rates for one-year maturity time deposit will increase to 10.80 percent.

EUR and USD currency term deposits interest rates will remain unchanged.

For corporate customers who place term deposits via DnB NORD Internet banking system the bank will pay 0.25 percentage point premium on standard rates so, for example, the annual rates for popular one-year time deposits will increase to 11.05 percent.

The shortest term to place deposit in AB DnB NORD Bankas is seven days when using the bank’s internet banking system and 30 days when placing the deposit in the bank’s outlet.

Customer deposits held within AB DnB NORD Bankas are secured by the state company “Deposit and Investment Insurance” in accordance with the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.