OREANDA-NEWS. May 08, 2009. In consideration of customer requests, Rietumu Bank widens the array of deposit products introducing new, more flexible, types of term deposits, reported the press-centre of Rietumu Bank.

Our customers willing to safely place their funds with the Bank will have access to the wider range of financial instruments and be able to choose the most suitable one.

Rietumu Bank introduces the following types of deposits:
flexible term deposit
term deposit with increasing interest rate
floating rate term deposit.

Flexible term deposit is very convenient for those customers, who suppose that during the deposit term they may need part of their deposited funds. This type of deposit allows withdrawing up to 75% of deposit amount for a period of 90 days during the deposit term every year.

Term deposit with increasing interest rate is suitable for those customers, who plan for long-term savings. The term of this deposit is 5 years and it envisages the increase of interest rate every year. The customer has the right to terminate term deposit ahead of schedule and without penalties at a certain time.

Floating rate term deposit will be suitable for those, who feel competent in global financial markets. The deposit’s interest rate is floating, pegged to 3-month EURIBOR and LIBOR and depends on fluctuations in base interest rates of central banks of EU and USA.

New deposits can be opened in EUR or USD. Minimum deposit amount is 100 000 EUR or USD. Deposit terms may vary from 1 to 5 years.

All deposits that Rietumu Bank has been offering recently remain active along with the new deposit types.

We would also like to remind that all our customers can place deposits with the Bank– both private and corporate entities – irrespective of their country of residence.

More detailed information about new deposits, including interest rates, is published on our website in the section "Wealth Management" / "Term Deposits".