Bank Offers Upfront Interest Deposits
The bank offers a new product - an upfront interest deposit - that gives you the opportunity to receive your interest (income earned on a term deposit) upfront, i.e. without waiting for the maturity date. The interest is paid out on the effective date of your deposit agreement (the date on which the agreement is signed and takes effect). Thus, you can immediately avail of your future income.
Upfront interest deposits may be denominated in EUR, USD, GBP and LVL. Tenors: 6 months to 3 years.