Saving deposit - is a convenient saving method for certain selected period of time, as the deposit amount may be increased anytime by additional contributions.
On what conditions the saving deposits are accepted
- Deposit may be kept in
- Minimum Amounts for Saving Deposits: 400 Litas; 100 Euros; 100
- interest is paid for a deposit, which for a current month are transferred to the deposit account on the last day of each month;
- all interest accrued for the saving deposit are paid off only after expiry of the deposit agreement;
- Unless you come to the Bank after the expiry of the deposit agreement, such agreement will be prolonged for the same period by fixing the annual interest rate valid in the Bank at the date of agreement extension (the total amount in the saving deposit account is extended, i.e. the deposit with all extra contributions and accrued interest).
Documents, required for opening of a saving deposit account in the Bank
- Deposit account is opened when all the required documents are supplied for the Bank for opening an account and when the agreement of saving deposit of a standard form is signed.
The account of a saving deposit can be opened by:
- by a physical person for his/her own benefit;
- by a person in favor of another person or acting as a representative of another person by the letter of attorney;
- several persons – co-owners of the account.
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