OREANDA-NEWS. August 23, 2012. Ukio bankas has launched a deposit campaign for students. Higher education school and college students having produced a student card and placed time deposits with 3 months’ and longer maturity with Ukio bankas units will enjoy by 0.15 per cent higher rate of interest on deposits than that usually applied by the bank at the time of deposit placing. The campaign will last until 31 October, reported the press-centre of Ukio Bankas.

‘With the summer holidays coming to an end we are willing to encourage students to save and take advantage of the interest that is one of the highest in the market. As extra money is always useful to students during this campaign specially students are offered to earn yet more on their deposits,’ Balanda Bradulskiene, Director of Ukio bankas Product Development Department, said.

During this campaign students may earn, depending on deposit maturity, annual interest on deposits in litas of up to 3.65 per cent, in euro – up to 3.35 per cent, US dollars – 2.65 per cent, pounds sterling – 2.15 per cent. Ukio bankas offers particularly flexible and convenient conditions for saving: the minimum time deposit amount is a mere LTL 200 or EUR/USD/GBP 50, while those having selected a savings or universal deposit can replenish it with any amount as there is no fixed amount of replenishment.

Ukio bankas also offers a special product package to all students “All you have to do is study” which ensures the provision of all services relevant for the student. In addition, Ukio bankas will accept student applications for state-supported loans in the autumn semester of the study year 2012-2013. In this semester loans can be used to pay the costs of living, the cost of studies or for partial studies under international (cross-institutional) agreements.

If money is needed for acquiring a computer or satisfying other needs students can also take advantage of Ukio bankas consumer loan under one of the most favourable market conditions. Consumer loans granted by Ukio bankas range from LTL 500 to LTL 40,000. Interest starts from 6 per cent if borrowed in euro, and from 7 per cent if borrowed in litas. Loan repayment term – up to 5 years. Consumer loans are available to individuals from 18 years of age who have received regular income for at least 6 months.

Ukio bankas is Lithuania’s first commercial bank that has been providing reliable services via its own wide client service network of  over 60 units all over the country for the third decade already.