Overview
Your money earns good interest in LHV deposits.
Protecting the money of its clients is the primary goal of every bank, and a term deposit is the safest investment from the viewpoint of clients. Depositing your money in LHV Bank is very sensible:
- We always offer higher interest rates than larger banks;
- All deposits with accumulated interest whose value is up to 100,000 euros are fully guaranteed pursuant to the Guarantee Fund Act;
- You can choose when you receive the interest earned: at the start of the deposit period, once a month, or in the end of the deposit period;
- You can use the deposited money already in the morning of the last day of the deposit contract – it is automatically transferred into your account.
We have made setting up a deposit very simple
- 1. Open an account in LHV →
- 2. Transfer the amount you want to deposit into your account.
- 3. Click ‘Set up deposit’ in the Internet Bank menu.
- 4. Select the term of the deposit.
- 5. Enjoy the interest income.
Comparison with larger banks
| LHV | Swedbank | SEB | Danske Bank | Nordea | |
|---|---|---|---|---|---|
| 1 month | 0,4% | 0,05% | 0% | 0,01% | 0,1% |
| 3 months | 0,5% | 0,15% | 0% | 0,25% | 0,2% |
| 6 months | 0,7% | 0,3% | 0,2% | 0,4% | 0,35% |
| 1 year | 0,7% | 0,5% | 0,5% | 0,6% | 0,55% |
Interest is calculated on the assumption that 10,000 euros are deposited in such a manner that interest is paid out in the end of the deposit period. Interest rates are given as of 1 April 2013 and in per cent per year. Take a look at the LHV interest table →
Demand deposit
Interest for demand deposits or money held in an account is calculated at the rate of 0.1% per year. Interest is calculated on a daily bases and transferred into your account at the start of every month. Interest is calculated on the cash held in all accounts except the Trader account.
Before entering into a legally binding agreement, please refer to the terms and conditions of the service and contact us for extra information.