Time Deposit Accounts

Compare Time Deposit Accounts in Latvia

Updated on 19 September 2020

10 offers from 7 banks
Interest Rates: 0.00 - 1.50 % p.a.
Deposit Terms: 3 - 60 months
Rating
 (4.7)
Currency
EUR
Interest Rate (p.a.)
0.40 - 1.05 %
Deposit Term
3 - 24 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.40 %
Max. Interest Rate (p.a.)
1.05 %
Min. Deposit Term
3 months
Max. Deposit Term
24 months
Time Deposit Account Provider
 (4.7)

Founded in 2001 Reģionālā investīciju banka (RIB Banka) offers a wide range of retail and corporate banking products and services to both residents and non-residents of Latvia.

Rating
 (4.1)
Currency
EUR
Interest Rate (p.a.)
0.40 - 0.90 %
Deposit Term
3 - 12 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.40 %
Max. Interest Rate (p.a.)
0.90 %
Min. Deposit Term
3 months
Max. Deposit Term
12 months
Time Deposit Account Provider
 (4.1)

BlueOrange Bank was founded in 2001 as Baltikums Bank. BlueOrange Bank is an international private bank providing innovative banking solutions and personalized service. BlueOrange Bank offers traditional retail and business banking products, acquiring solutions, asset management and investment services. BlueOrange banks supports investments into stocks and bonds, physical gold, Forex and CFDs, and cryptocurrencies. BlueOrange Bank serves both domestic and international clients.

 CBL Bank
DEGermany
Rating
 (4.2)
Currency
EUR
Interest Rate (p.a.)
0.10 - 0.20 %
Deposit Term
3 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.10 %
Max. Interest Rate (p.a.)
0.20 %
Min. Deposit Term
3 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (4.2)

Citadele Banka is a Latvian bank, establlished in 2010 when good assets of Parex Bank were transferred to the newly created Citadele Banka. Citadele Banka provides retail and corporate banking products and services to domestic and international clients.

Rating
 (4.0)
Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term
6 - 12 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.01 %
Max. Interest Rate (p.a.)
0.01 %
Min. Deposit Term
6 months
Max. Deposit Term
12 months
Time Deposit Account Provider
 (4.0)

Established in 1993, Baltic International Bank is a family owned private bank specializing in private banking and wealth management. Baltic International Bank provides individual, tailor-made services, offering high-quality financial products and investment solutions based on the principles of environmental social governance.

Rating
 (4.1)
Currency
EUR
Interest Rate (p.a.)
0.65 - 0.99 %
Deposit Term
6 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.65 %
Max. Interest Rate (p.a.)
0.99 %
Min. Deposit Term
6 months
Max. Deposit Term
36 months
Time Deposit Account Provider
 (4.1)

BlueOrange Bank was founded in 2001 as Baltikums Bank. BlueOrange Bank is an international private bank providing innovative banking solutions and personalized service. BlueOrange Bank offers traditional retail and business banking products, acquiring solutions, asset management and investment services. BlueOrange banks supports investments into stocks and bonds, physical gold, Forex and CFDs, and cryptocurrencies. BlueOrange Bank serves both domestic and international clients.

Rating
 (4.0)
Currency
EUR
Interest Rate (p.a.)
0.50 - 1.00 %
Deposit Term
6 - 24 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.00 %
Min. Deposit Term
6 months
Max. Deposit Term
24 months
Time Deposit Account Provider
 (4.0)

Established in 1993, Baltic International Bank is a family owned private bank specializing in private banking and wealth management. Baltic International Bank provides individual, tailor-made services, offering high-quality financial products and investment solutions based on the principles of environmental social governance.

 Rietumu Bank
DEGermany
Rating
 (3.5)
Currency
EUR
Interest Rate (p.a.)
0.30 - 1.50 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.30 %
Max. Interest Rate (p.a.)
1.50 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (3.5)

Rietumu Bank was established in 1992 and now is one of the largest banks in the Baltics States, specialized in retail, private and corporate banking for both residents and non-residents of Latvia.

Rating
 (4.0)
Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term
6 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.01 %
Max. Interest Rate (p.a.)
0.01 %
Min. Deposit Term
6 months
Max. Deposit Term
6 months
Time Deposit Account Provider
 (4.0)

Established in 1993, Baltic International Bank is a family owned private bank specializing in private banking and wealth management. Baltic International Bank provides individual, tailor-made services, offering high-quality financial products and investment solutions based on the principles of environmental social governance.

 Signet Bank
DEGermany
Rating
 (5.0)
Currency
EUR
Interest Rate (p.a.)
0.70 - 0.85 %
Deposit Term
12 - 24 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.70 %
Max. Interest Rate (p.a.)
0.85 %
Min. Deposit Term
12 months
Max. Deposit Term
24 months
Time Deposit Account Provider
 (5.0)

Bank M2M Europe was founded in 1992 as Latvijas Biznesa Banka (Latvian Business Bank). Bank M2M Europe provides private banking, wealth management and corporate banking products and services to high net worth clients and their businesses. In October 2017 Bank M2M Europe started operating under a new name and introduced a new brand identity, Signet Bank. The change in the bank’s name and brand follows major changes in the shareholders’ structure.

 Expobank
DEGermany
Rating
n/a
Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term
24 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.00 %
Max. Interest Rate (p.a.)
0.00 %
Min. Deposit Term
24 months
Max. Deposit Term
36 months
Time Deposit Account Provider

Founded in 1991, Expobank is one of the oldest banks in Latvia providing retail and corporate banking products and services as well as brokerage services to local and international clients.

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
ATAustria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

The table above shows essential details of selected time deposit products offered to retail customers by the banks in Latvia: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 3 month to 5 years (60 months). The interest rates are within the range 0.00 - 1.50 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Latvia.

Average Deposit Rates. In March 2020, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.43 %.

Country Deposit Rating. Latvia's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).

Deposit Guarantee. Time deposit accounts made with credit institutions in Latvia are covered by deposit guarantee scheme up to 100,000 EUR per depositor.

Withholding Tax. Interest income gained on time deposit accounts is not taxed in Latvia for both residents and non-residents.

See Also