Saldo logo
About us
Saldo logo
About us

Term deposit

Interest rate up to 3,40%

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6670 reviews

How much can you earn?

Amount:
Term:12 months
Interest rate:3.4%
Return:€340
Open an account* Application process is in Lithuanian

Deposit in

5 min

Contract fee

0 €

Right of cancellation

14 days

Interest rate up to

3,40%
Your investment is secure with us. In the unlikely event that we are unable to fulfill our financial obligations and return your deposit, you are insured by the Lithuanian public entity ‘Indėlių ir investicijų draudimas’. Total insurance cover limit is up to EUR 100 000 per depositor for all deposits held with our bank. Detailed information on deposit insurance conditions and events when deposits are not insured and when deposit insurance payouts are subject to payment restrictions can be found on the website of the Public Institution „Indėlių ir investicijų draudimas“ at www.iidraudimas.lt. Additional information for depositors can be found in Information for Depositor. Deposits are one of the safest forms of investment, bearing very low risk to the customer.

Term deposit - what it is?

A term deposit is the process of keeping a specific amount of money in a financial institution for an agreed period of time. The institution pays interest for the time they hold the money. The amount of interest and the payout frequency are determined on the day of signing the deposit contract. Remember that term deposits cannot be terminated until the agreed period of time passes, and no interest will be paid upon early termination.

A term deposit is one of the most reliable ways to generate passive income and to get your money that you set aside for saving working for you. Since the interest rate is agreed in advance, any financial institution is committed to it for the agreed period. This way, your money doesn’t lose value due to inflation or other market changes.

Saldo term deposits have many advantages

Fast registration

Our registration system is extremely fast: you can create an account to open a term deposit at any time of the day.

High interest rates

Saldo provides fixed term deposit interest rates. We offer 3,40% interest rate for 12 months.

No hidden costs

Opening a Saldo Bank term deposit account is completely free - no monthly or annual fees, even if you're not a client yet.

Right of cancellation

You can change your mind and cancel the term deposit within 14 days of signing the contract at no cost.

Insured

Your term deposits are insured by the SE Deposit and Investment Insurance. The total amount of insurance for all your deposits combined is up to €100 000, irrespective of the number of deposits you have. It's important to note that even if you have multiple deposits with Saldo, the total insured amount will not exceed €100 000 as stipulated by the guarantee system.

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Fast process

  • 1

    Create a deposit account

    The application is completely automated and online, so you can open a term deposit account directly from our website. The application is open for everyone, even if you are not yet a Saldo customer.

  • 2

    Verify your identity and sign the deposit agreement

    You will be required to verify your identity to ensure a safe process. When you have completed the identification successfully, you can sign the deposit agreement and accept the terms and conditions provided. The deposit agreement specifies the amount, term and interest rate for the term deposit.

  • 3

    Deposit the money within 10 days

    After signing the term deposit agreement, you will have 10 days to transfer the deposit amount to the provided bank account. If the money is not transferred within 10 days, the deposit agreement will be automatically terminated. You can make the transfer from your chosen bank account. Cash deposits are not possible.

  • 4

    You deposit account has been activated

    Your deposit account has now been successfully activated and your investment is growing. The accrued interest and the initial deposit are paid on the last day of the deposit term to your chosen bank account. On the due date you will also have the possibility to start another equally long term deposit period with the same initial deposit but with the updated interest rate for that set date.

Open an account

Appreciated by many of you

4.65 / 5

6670 reviews

Reviews.io logo
4.65 / 5

6670 reviews

Reviews.io logo
česlovas s

Greita ir patogu

8 months ago
žalpys a

Viskas labai gerai. Man patiko

2 years ago
žukauskas d

Labai gerai

2 years ago
violeta b

Puiku greita

7 months ago
arvydas b

Greitai ir paprastai.

8 months ago