Savings Account

This is a tool that will allow you to save conveniently and, if necessary, to withdraw all or part of the accumulated money.

What we can do for you?

Call us at +371 67 959 599 or contact your manager.
Let us know your needs, together we will find best solution.

More about savings account

  • General conditions of savings account

    General conditions of savings account

    A savings account is a flexible and risk-free opportunity for depositing smaller and larger amounts. Upon request, additional payments can be made at any time and in any volume and the money can be used fast, if necessary.

    • Monthly service charge: opening and managing an savings account is for free
    • Deposit amount: You can make contributions to the account at times and in amounts suitable for you, also from your current accounts in other banks. It is not obligatory to make a down payment.
    • Currency: Euros and US dollars can be deposited in to the savings account.
    • We will ensure the liquidity of your finances – you will be able to withdraw your money at any time.
  • Annual interest rate on the account balance

    Annual interest rate on the account balance

    Existing EUR contracts apply 0.01% annual interest rate and USD contracts apply 0.05% annual interest rate.

    The regular interest is calculated on the closing balance of the savings account at the end of the each day and paid to the customer every month.

     

  • Managing your account

    Managing your account

    You can manage the account in a way that is convenient for you:

System of insurance of deposits and liabilities to investors

  • System of insurance of deposits and liabilities to investors

    All deposits and assets intended for purchasing financial instruments and held at Danske Bank A/S Latvia Branch are subject to compulsory insurance in The Guarantee Fund for Depositors and Investors (Danish Kingdom).

     


  • What is the Guarantee Fund for Depositors and Investors?
    The Guarantee Fund for Depositors and Investors (hereinafter – the fund) means the body established by the act of Parliament of the Kingdom of Denmark. Within certain limits, the fund reimburses losses incurred by clients of Danish banks, mortgage banks or investment companies, where a bank, a mortgage bank or an investment company is subject to compulsorily dissolution. This protection also applies to all clients of Danske Bank A/S Latvia Branch (hereinafter – the bank) (private individuals and legal entities).
  • How much is reimbursed by the fund?
    Funds
    The fund can pay compensation of up to EUR 100,000 for deposits or funds in the client's bank account in any currency.

    Securities
    The fund also compensates the loss incurred by an investor if the investor's securities managed, or administered by the bank, or held in an investor securities account are not returned by the bank. The amount of compensation is EUR 20,000 per investor.
  • How is the compensation calculated?
    Funds
    The amount of loans and other financial obligations to the bank is deducted from the total sum of cash deposits held by the client at the bank and the balance held in his/her bank accounts. The client is paid a positive balance of funds up to EUR 100,000.

    Securities
    Generally, suspension of the bank's payments or compulsorily dissolution has no effect on securities, because even in such cases investors usually recover their securities.
    However, sometimes, securities cannot be returned to the investor. In such cases, the fund reimburses the loss because securities were not recovered in the amount of up to EUR 20,000 per investor less any debts to the bank. However, the compensation cannot exceed the market value of outstanding securities.

    Funds and securities in joint accounts
    Where several people jointly hold funds or securities each of them is deemed to be an individual investor or depositor only if s/he is registered as a deposit or securities account holder. Each depositor or investor is entitled to receive compensation of up to EUR 100,000 for the funds and compensation of up to EUR 20,000 or the equivalent in another currency for securities.
  • How can I apply for compensation?
    Not later than five business days after commencement of reconstruction or bankruptcy proceedings, the Guarantee Fund will send you a statement of your total balance together with guidelines on how to proceed (the guidelines will also be available at the fund's website).

    When you have received the statement, your new bank will help you file a claim with the Guarantee Fund. The Guarantee Fund will pay the deposits to your new bank within seven business days.

    You can contact the Guarantee Fund at this address:

    Garantiformuen (Danish Deposit Guarantee Scheme)
    Sankt Annæ Plads 13, 2. tv.
    DK-1250 København K
    Tel. (+45) 33 14 62 45
    E-mail: gii@gii.dk
    Home page: www.gii.dk

    If you have not received the payment within seven business days, we recommend that you contact the Guarantee Fund as you may need to observe a deadline for claiming payment.
  • Additional information about the Danish Deposit Guarantee Scheme
    Garantiformuen (Danish Deposit Guarantee Scheme)
    Sankt Annæ Plads 13, 2. tv.
    DK-1250 København K
    Tel. (+45) 33 14 62 45
    E-mail: gii@gii.dk
    Home page: www.gii.dk

    Danish Act that regulates guaranteeing of deposits and securities

    An English translation of the Danish Act that regulates the guaranteeing of deposits and securities can be found on the website of the Danish Financial Supervisory Authority that can be accessed at www.finanstilsynet.dk or www.dfsa.dk.

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