Multicurrency Deposit is a fixed-term deposit held in one currency or multiple currencies (a single or combined currency holding).
You have the freedom to determine the right proportion of currencies to be held in your multicurrency deposit account.
 
Multicurrency deposit account merges the features of a standard banking product with additional benefits to the extent that it gives you the opportunity to hedge foreign exchange risks - while a particular currency is found to be oscillating, the other remains fairly stable. During the life of the Deposit Agreement you may convert funds from one currency to another.
 
Take advantage of the following benefits:
• Preservation and growth of the capital 
• Possibility to choose the proportion of currencies to be held in your multicurrency deposit account
• Possibility to convert one currency to another 
• Opportunity to minimize and mitigate foreign exchange risks
 
Interest rates are established simultaneously for all the currencies and remain unchanged over the life of the deposit (from 3 months to 2 years).
 
Deposit interest is paid out on the Deposit maturity date. Multicurrency Deposit earns interest at the rates applied. 

Minimum opening deposit: LVL 50 000, EUR 70 000, USD 100 000, GBP 50 000;
Minimum conversion amount: LVL 10 000, EUR 15 000, USD 20 000; GBP 10 000.

If you wish to sign the deposit agreement or get more information, please, contact you private banker. Bank’s head office is located at 6 Grēcinieku, Riga, Latvia, telephone +371 67000 444.

Interest Rates