OREANDA-NEWS. October 26, 2010. Danske Bankas is again offering its customers the chance to win a higher rate of interest for their fixed-term deposits in litas and euro. The game in which you can win up to a 10% higher interest rate was first organised in summer last year and attracted a great amount of interest, reported the press-centre of Danske Bankas.

"Last year interest in the game exceeded our expectations", Darius Jasinskis, director of the Product Management Department of Danske Bankas, recalls. "It’s true that our expectations were cautious, because having such a game is rather unconventional and I would say a bit bold. After all, the financial sector is primarily associated with being serious and solid. We were not sure how offering people a lighter approach than usual to the process of depositing money would be treated", Mr Jasinskis says.

The Danske Bankas game held between June and December last year was joined by over 3,200 participants who concluded nearly 10,000 fixed-term deposit agreements with additional interest. In other words, during the game, one person on average concluded nearly three deposit agreements.

The biggest win (of 10% extra interest) was recorded in Siauliai. This customer deposited 1,800 Euro for a term of 6 months at a total interest rate of 11.5%.

During the 6 months of the game last year, 131,000 litas was deposited with additional interest at Danske Bankas. The inhabitants of Vilnius were the most active participants in the game and concluded more than 5,500 deposit agreements with additional interest. Two thousand deposit agreements were concluded by the inhabitants of Kaunas and nearly 800 by the inhabitants of Klaipeda.

Last summer, the interest rate for a 6-month deposit in litas in the Lithuanian market was on average 9%. By winning the game, a person could double the interest rate. This year the situation is different. Since the average interest rate has fallen to around 1.5%, the winner of the lucky ticket can earn an interest rate of up to three times this figure.

All tickets are lucky, with the interest rate ranging from 0.1% to 5%. In other words, if the player is lucky, he may win up to 6.3% annual interest on his deposit at Danske Bankas.

It is easy to participate in the game: you just draw a ticket and erase one of the six boxes on the ticket to learn what extra interest rate you have won. Participation in the game does not obligate you to do anything. The person who has drawn a ticket and erased one box on the ticket has the free choice of either using the opportunity to win extra interest and depositing money or not.

Any person holding an account in Danske Bankas may participate in the game. The minimal sum of the deposit is LTL 500 and the term is from 3 to 6 months. You can draw a ticket and erase one of the six boxes on the ticket at any Danske Bankas branch office. If you erase two or more boxes on the ticket, the ticket is considered invalid. The number in the box will be added to the interest rate offered by the bank for a fixed-term deposit in litas on that day for a selected term of deposit.

Detailed rules of the game and information about the insurance of deposits are available on the Internet site of the bank.

All interest rates are available on the internet site of Danske Bankas.