Baltic International Bank’s new offer - Multicurrency Deposit

News - January 19, 2009

Starting from 19 January 2009 Baltic International Bank offers a new investment approach – Multicurrency Deposit.

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:

  • Wealth preservation and growth  

  • For your convenience, you may determine the right 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.

 

Deposit interest is paid out on an annual basis or on the Deposit maturity date. Multicurrency Deposit earns interest at the rates applied. 

For more detailed information, please contact your private banker.

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