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Term deposit

Term deposit

A traditional way of saving

  • Term deposit currency – USD
  • It is worth while setting an option to extend the deposit contract automatically
  • Interest will be disbursed/added to the deposit on a monthly basis or upon the expiration of the term
  • Higher interest rates are paid for the term deposits placed via internet bank

Once you enter into a term deposit contract of a desired term, you will become entitled to interest in the specified amount earned on the amount of money deposited in such deposit account. No additional contribution can be made to the deposit account during the term of this contract. At your choice the interest can be disbursed or added to the deposit on a monthly basis, or it can be disbursed together with the deposit on the expiration date of the contract.

Basic terms

  • The minimum amount of the term deposit is USD 100.
  • The minimum term of the deposit contract is 1 week. When entering into the deposit contract, you may select an option to extend this contract automatically for the same term.
  • Interest on the deposit will be calculated from the very first to the penultimate day of the deposit term.
  • Interest can be disbursed or added to the deposit (in this case interest is calculated on the deposit amount and on the already earned interest) in one of the following two ways:
    • on a monthly basis (disbursed or added to the deposit on the first day of each calendar month)
    • upon the expiration of the term of the contract (disbursed together with the deposit or, if the contract is automatically extended, added to the deposit on the last day of the term)
  • It is beneficial to add interest payable to the deposit each time, on a monthly basis or upon the expiration of the original term of the contract, if the deposit contract is extended automatically, interest would be calculated on the deposit amount and on the already earned interest.
  • No additional contributions can be made to the deposit account during the term of the term deposit contract.

Automatic extension of the term deposit contract

When entering into a term deposit contract, you can select whether to have it automatically extended or not. If automatic extension is selected, upon expiration  your deposit contract will extend automatically for the same term – you don’t have to visit the bank or extend the contract online. In this case interest rates of term deposits effective in the bank on the date of extension of the term deposit contract will apply.

If the term deposit contract is not automatically extended, you can withdraw all cash, i.e. the deposit and the accrued income, from the term deposit account on the date of expiration of the term of deposit.

Termination of the term deposit contract prior to its expiration

If you terminate the term deposit contract prior to its expiration date stated in the contract, the deposit will be repaid to you within 10 business days from the date of submission of the application to terminate the contract.

In this case interest disbursed or earned prior to termination date of the term deposit contract as well as fees set forth in the pricelist of the bank will be withheld from the funds in your term deposit account.

How to enter into a term deposit contract?

You can enter into a term deposit contract by:

For more information about deposits, terms and interest rates please call +370 5 268 2822 or visit a SEB bank unit of your choice.


We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

This content is promotional information. It cannot be construed as a recommendation, order or invitation to use the introduced saving and investment services and may not constitute any basis or part of any subsequent transaction. You are responsible for your decisions, so before you make them, you should read complete information about the services or products and related risks.

You can log in to the online banking site of SEB bank and make a deposit online whenever you desire, even on weekends and public holidays. Moreover, USD deposits made online for the term of at least one year willbear 0.05% higher interest.

Term deposit and term savings deposit

  • The minimum deposit is USD 100.
  • The deposit and earned interest will not be disbursed in cash to business clients.
  • Interest rates are effective as of 8 November 2016.

Interest will be disbursed/added to the deposit upon the expiration of the term.

Term Annual interest, %
Days / Months EUR USD USD, Online, %
7 to 14 days / 1 week not available 0.00
15 to 22 days / 3 week not available 0.00
23 to 29 days / 4 weeks not available 0.00
30 to 59 days / 1 month not available 0.00
60 to 89 days / 2 months not available 0.00
90 to 119 days / 3 months not available 0.00
120 to 149 days / 4 months not available 0.00
150 to 179 days / 5 months not available 0.00
180 to 209 days / 6 months not available 0.00
210 to 239 days / 7 months not available 0.00
240 to 269 days / 8 months not available 0.00
270 to 299 days / 9 months not available 0.00
300 to 329 days / 10 months not available 0.00
330 to 359 days / 11 months not available 0.00
360 to 539 days / 12 months not available 0.20 + 0.05
540 to 719 days / 18 months not available 0.20 + 0.05
720 to 1,079 days / 24 months not available 0.25 + 0.05
1,080 to 1,439 days / 36 months not available 0.40 + 0.05
1,440 to 1,799 days / 48 months not available 0.60 + 0.05
1 799 to 3 650 days / 60 to 120 months not available 0.80 + 0.05

Interest will be disbursed/added to the deposit on a monthly basis.

Term Annual interest, %
Days / Months EUR USD USD, Online, %
7 to 14 days / 1 week not available 0.00
15 to 22 days / 3 weeks not available 0.00
23 to 29 days / 4 weeks not available 0.00
30 to 59 days / 1 month not available 0.00
60 to 89 days / 2 months not available 0.00
90 to 119 days / 3 months not available 0.00
120 to 149 days / 4 months not available 0.00
150 to 179 days / 5 months not available 0.00
180 to 209 days / 6 months not available 0.00
210 to 239 days / 7 months not available 0.00
240 to 269 days / 8 months not available 0.00
270 to 299 days / 9 months not available 0.00
300 to 329 days / 10 months not available 0.00
330 to 359 days / 11 months not available 0.00
360 to 539 days / 12 months not available 0.20 + 0.05
540 to 719 days / 18 months not available 0.20 + 0.05
720 to 1,079 days / 24 months not available 0.25 + 0.05
1,080 to 1,439 days / 36 months not available 0.39 + 0.05
1,440 to 1,799 days / 48 months not available 0.58 + 0.05
1 799 to 3 650 days / 60 to 120 months not available 0.77 + 0.05

 

For more information about deposits, terms and interest rates please call +370 5 268 2822 or visit a SEB bank unit of your choice.


We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

This content is promotional information. It cannot be construed as a recommendation, order or invitation to use the introduced saving and investment services and may not constitute any basis or part of any subsequent transaction. You are responsible for your decisions, so before you make them, you should read complete information about the services or products and related risks.

Offer

Enter into a USD term deposit contract online for the term of at least one year and you will be eligible to interest higher by 0.05%.

Contact

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