Overview

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 with a value 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 at the end of the deposit period;
You can use the deposited money already on 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
3 months	0,10%	0,01%	0,00%	0,01%	0,02%
6 months	0,15%	0,01%	0,00%	0,01%	0,05%
1 year	0,30%	0,10%	0,00%	0,01%	0,20%

Demand deposit

Interest for demand deposits or money held in an account is calculated at the rate of 0.01% per year. Interest is calculated on a daily basis 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.

Offer is valid for a client who is a private person that has concluded a client contract with LHV Bank between 01.03–30.04.2015.
Before entering into a legally binding agreement, please refer to the terms and conditions of the service and contact us for extra information.