Time Deposit for Saving

Since 22 May 2017 agreements of this deposit shall no longer be concluded. Previously placed deposit with the automatic extension shall not extended after the deposit maturity.

• Minimum initial deposit amount - EUR 50
• Term of the placed deposit  - between 18 months and 5 years.
• Deposit interest shall be paid at the end of deposit maturity
• Terminating a deposit prior to its maturity, You would be able to receive part of interest if the deposits has been retained for not less than 9 months.

There is no possibility to withdraw a deposit not terminating the agreement.

• If a deposit has been retained for no less than 9 months, after termination of the deposit agreement the Bank shall pay out the interest to the depositor the annual interest rate of which would be calculated under the following formula: the number of days the deposit was actually held ÷ the number of deposit days  specified in the agreement × the annual interest rate indicated in the agreement.
• If a deposit is held for the period shorter than 9 months (i.e. 269 days inclusive), the interest shall not be paid after terminating the deposit prior to its maturity. 
• If an agreement is terminated prior to its maturity, where possible, the funds will be paid out immediately, however, not later that within 14 calendar days.
• The deposit shall not be considered as terminated prior to its maturity if You apply the Bank within 7 calendar days after extension of the agreement.

• filling an Arrangement regarding termination of the deposit agreement on the internet bank which is available on the menu section Applications and Requests.
• in the customer service points of Artea Bankas.