GE Money Bank: Active Client's Deposit

A A A Text size

Active Customer’s Deposit is a deposit of a specific amount of funds for a certain period of time with an especially favourable annual interest rate. It is available to customers who actively use different bank services. During the deposit term, the Active Customer’s Deposit can not be increased. Customers receive the deposit interest at the end of the term or due to custmers chosen period.

Active Customer’s Deposit can be opened in lats, euros and US dollars for a term of 1 month to 3 years.

In order to open Active Client`s Deposit, you must meet the requirements of at least one of the following options:

1) Should have Current Account and must use 3 additional products:

Internetbank
Direct debit
Verto creditcard

2) Should be opened Salary account with minimal turnover 300LVL per month at least last three months, Internetbank and additionaly should use one of the following products:

Direct debit
Verto creditcard

3) Should have open deposit and Internetbank and must use one of the following products:

Direct deposit
Verto creditcard

In order to open an Active Customer’s Deposit, you must to come to any GE Money Bank branch and present your passport.

Attention!

Under the amendments to the law “On Personal Income Tax”, from the January 1, 2010 when the bank pays interest income to an individual client, it will withhold a tax of 10% and pay it into the national budget. In this case it is not mandatory to submit the declaration to the State Revenue Service.

Rates for Deposit with interest payment at the maturity of deposit:

	LVL	EUR	USD
1 M	0.30	0.85	0.25
3 M	0.50	1.25	0.30
6 M	0.80	1.50	0.50
9 M	1.10	1.65	0.60
1 Y	1.60	2.00	0.70
2 Y	1.95	2.20	0.70
3 Y	2.60	2.45	0.70

Minimal amount of Deposit 500 LVL, 1000 EUR, 1000 USD.

Rates for Deposit with periodical interest payment:

	LVL	EUR	USD
1 M	0.30	0.85	0.25
3 M	0.50	1.25	0.30
6 M	0.80	1.50	0.50
9 M	1.10	1.64	0.60
1 Y	1.59	1.98	0.70
2 Y	1.91	2.15	0.70
3 Y	2.51	2.37	0.69

Minimal amount of Deposit 500 LVL, 1000 EUR, 1000 USD.

Important product information
Interest rate	Fixed for entire period of agreement
Early termination	Percent from a deposit sum according to Bank’s pricelist. Paid interest is withheld from the deposit sum.
Processing commission	Free of charge
Service commission	Free of charge
Other commissions	Not envisaged
Bank’s pricelist	Available in branches and www.gemoneybank.lv
Guarantees	Security of you money guaranteed also by the state up to 100,000 EUR according to the Law on Deposit Guarantees of the Republic of Latvia

Want to find out more?

Ask customer service specialists in any GE Money Bank branch or call us - 1878.

* Deposit rates valid from 03.05.2012