Banks, Financial Services, Lithuania

Starting with Monday, Nordea Bank Lietuva increases the interest rates for all term deposits in litas and euros by 0.3-1%. The annual interest rate for deposits of shortest term – a week – will grow from 3.3-3.5% till 3.8-4% to private clients with regard to their status in the loyalty programme, and for companies – from 3.5% till 4%. Annual interest rates for deposit of one month in litas will increase from 4.4-4.6% till 4.9-5.1%, for companies – from 4.6% till 5.1%. The interest for twelve- month deposit in litas will increase from 6.1-6.3% till 6.6-6.8%, and for legal persons – from 6.3% till 6.8%. Interest rates also grow for deposit of three-year term. The annual interest rates for the deposit of one month in euros will increase from 3.60-3.8% till 4.3-4.5% for residents, for companies it will increase from 3.8% till 4.5%. The interest rates for the twelve-month deposits will increase from 4.4-4.6% till 4.9-5.1%, for companies – from 4.6% till 5.1%, reports ELTA.

Since Monday, Ukio Bankas also increases interest rates for private clients and business clients. From now on, the clients, who put their fixed deposit in litas for a year, will receive annual interest of 7%, in euros – 5.90% of annual interest rates, in U.S. dollars – 5.50%, and in pounds – 5.1% of annual interest.