Compare Time Deposit Accounts in Latvia

Updated on 21 October 2019

7 offers from 5 banks
Interest Rates: 0.01 - 1.85 % p.a.
Deposit Terms: 3 - 120 months
Rating
 (4.7)
Currency
EUR
Interest Rate (p.a.)
0.60 - 0.90 %
Deposit Term
3 - 24 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.60 %
Max. Interest Rate (p.a.)
0.90 %
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.)
0.50 - 0.90 %
Deposit Term
3 - 12 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
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 is an international private bank that provides a wide range of financial and advisory services, including tailor-made solutions for high net worth individuals and businesses. BlueOrange Bank serves both domestic and international clients.

 CBL Bank
Germany
Rating
 (4.2)
Currency
EUR
Interest Rate (p.a.)
0.20 - 1.60 %
Deposit Term
3 - 120 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.20 %
Max. Interest Rate (p.a.)
1.60 %
Min. Deposit Term
3 months
Max. Deposit Term
120 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.)
0.20 - 0.50 %
Deposit Term
6 - 12 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.20 %
Max. Interest Rate (p.a.)
0.50 %
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.

 Rietumu Bank
Germany
Rating
 (3.5)
Currency
EUR
Interest Rate (p.a.)
0.60 - 1.85 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.60 %
Max. Interest Rate (p.a.)
1.85 %
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 - 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.

Rating
 (4.1)
Currency
EUR
Interest Rate (p.a.)
1.00 - 1.25 %
Deposit Term
24 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
1.00 %
Max. Interest Rate (p.a.)
1.25 %
Min. Deposit Term
24 months
Max. Deposit Term
36 months
Time Deposit Account Provider
 (4.1)

BlueOrange Bank is an international private bank that provides a wide range of financial and advisory services, including tailor-made solutions for high net worth individuals and businesses. BlueOrange Bank serves both domestic and international clients.

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

Austria: 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 acoounts 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 10 years (120 months). The interest rates are within the range 0.01 - 1.85 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Latvia.

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

In February 2019, 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 0.46 %.

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

See Also