Saldo term deposit rates in Lithuania
In April this year Saldo Bank announced the launch of its very first banking service in the Lithuanian market, the term deposit. Now we have updated our financial service and can proudly say that we offer one of the highest interest rates on the market.
After the latest product update, the interest rate for a 12 month term deposit at Saldo Bank is now 4.3%, surpassing previous top market interest rates. You can find more information about the interest rates offered from our term deposit web page.
A term deposit is a perfect solution for easy, secure and hassle free saving. You agree to deposit a specific amount of money during a set period of time on your deposit account and in return get a higher than average deposit interest rate. Saldo Bank is known for its quick and secure automated online solutions, which have now been applied to the development of the term deposit service. Saldo Bank’s term deposit offers a fast online registration process that is accessible both to former and completely new customers.
All the term deposits made at Saldo Bank, up to €100 000, are insured by the European Deposit Guarantee System. At Saldo Bank you can simultaneously have to separate deposits, both up to €100 000, with different terms. We also offer easy deposit renewal and the possibility to monitor your deposit in our internet bank.
“The interest in different deposit services is currently peaking in the Lithuanian market. We are proud to offer this stable and very competitive investment option.” says CEO Jarkko Mäensivu.
Saldo Bank expects the term deposit to be well received by Lithuanian consumers, who are avid investors and consciously compare term deposit interest rates on different platforms.
About Saldo Bank
Saldo Bank UAB is a specialised bank licensed by the European Central Bank and regulated by the Bank of Lithuania. Saldo Bank offers fully automated lending solutions for consumers and SME customers and term deposit account services for consumer customers. The company's advanced scoring system ensures responsible lending, and its own lending system supports business growth also internationally. Saldo Bank had 35 employees at the end of 2022.
More information:
Jarkko Mäensivu
CEO
Saldo Bank UAB
+358 50 4000 580
