Demand deposit
Earn interest on the money on the current account
- An annual interest rate of 0.01% is applied to demand deposits, i.e. the money on the account
- You will earn interest if there is at least 18,000 € on your account
- The smallest sum paid is 1 cent
How is the interest sum determined?
Example: The balance on your current account is 20,000 €, that is present on the account on the 25th day of the current month. You will earn the following interest on the demand deposit.
First we calculate the interest sum of one day.
As the sum was on the account on the 25th day, then interest on the demand deposit will be paid to your account in the sum of 1 cent per each day, a total of 25 cents.
Did you know that
an LHV Au-client’s annual interest on a current account is 1%.
See how to become an Au-client
Starting from 2018, the state will tax the interest earned on the deposits of private individuals.
Read more
