Fixed-term deposit means keeping in the bank a specific amount of money as determined on the day of making the deposit agreement and the possibility to monthly increase your income with the interests paid by the bank for the amount kept.
Conditions of fixed-term deposits:
Fixed-term deposits are accepted in litas, euros, USD or Great Britain pounds;
Minimum amounts of fixed-term deposits: 400 litas, 100 euros, 100 USD or 100 GBP;
Interests are paid for fixed-term deposits; they can be cashed out at the bank’s cash desk or transferred to another account: each month (for previous calendar month), every three calendar months, at expiry of the deposit agreement.
Annual interest rates for fixed-term deposits (%) for private persons are as follows:
Period in Days
Period in Months
LTL
EUR
USD
GBP
7-29
0-1
0,10
0,10
0,10
0,10
30-59
1-2
0,20
0,20
0,20
0,15
60-89
2-3
0,30
0,30
0,25
0,20
90-119
3-4
0,40
0,40
0,30
0,25
120-149
4-5
0,50
0,50
0,45
0,30
150-179
5-6
0,70
0,70
0,50
0,35
180-209
6-7
1,30
1,20
0,55
0,45
210-239
7-8
1,30
1,20
0,65
0,55
240-269
8-9
1,30
1,20
0,75
0,65
270-299
9-10
1,40
1,30
0,90
0,75
300-329
10-11
1,40
1,30
0,95
0,80
330-359
11-12
1,40
1,30
1,00
0,85
360-389
12-13
1,50
1,50
1,10
0,90
390-449
13-15
1,50
1,50
1,10
0,90
450-569
15-19
1,50
1,50
1,10
0,90
570-629
19-21
1,50
1,50
1,10
0,90
630-719
21-24
1,50
1,50
1,10
0,90
720-1079
24-36
1,50
1,50
1,10
0,90
1080-1409
36-47
1,50
1,50
1,10
0,90
1410-1799
47-60
1,50
1,50
1,10
0,90
1800- ir <
60- ir <
1,50
1,50
1,10
0,90
Amount of fixed-term deposit cannot be increased with additional contributions or returned in portions.
If you do not arrive to the bank at expiry of fixed-term deposit agreement, the deposit agreement shall be automatically extended for the same period and at annual interest rate applied by the bank on the day of the extension. You have the possibility to indicate conditions of extension of fixed-term deposit in advance: to extend an expired deposit only for the deposit amount or for deposit amount and accrued interests. When the agreement does not additionally specify the extension conditions, it will be extended for the amount of the fixed-term deposit and interests will be kept in the bank until a separate direction from you.
A fixed-term deposit account can be opened by:
A person on his / her own behalf;
A person on behalf of other person or acting as agent of other person under a power of attorney confirmed by notary public.
If you want to set a fixed-term deposit via the Internet banking system, you will have to make with the bank an agreement on online management of account and get familiar with the service rules. If you do not have bank account or agreement on online management of account, please visit the nearest client servicing divisions or branch. It is necessary to have all the documents necessary for opening a bank account.
Reserve fixed-term deposit is a fixed-term deposit for natural persons including a possibility, when the deposit is kept in the bank for more than 30 calendar days, to cash out a portion of the deposit during the remaining period of keeping the deposit in the bank, but leaving a balance not lower than minimum deposit amount.
Conditions of reserve fixed-term deposits:
Minimum deposit period – 3 months;
Maximum deposit period – 6 months;
Interest rates 0.2 percent point lower than the interest on the term deposit period;
Number of cash-outs of portions of the reserve fixed-term deposit is not limited, but it cannot be more frequent than once per day.
Other conditions of the reserve fixed-term deposit are the same as in case of ordinary fixed-term deposit.
Cumulative deposit is a convenient saving method for a certain selected period, since amount of the deposit can be increased with additional contributions at any time.
Conditions of cumulative deposits:
Cumulative deposits are accepted in litas, euros, USD and Great Britain pounds;
Minimum amounts of cumulative deposits: 400 litas, 100 euros, 100 USD or 100 GBP;
Interests are calculated for the cumulative deposit; each last banking day of a month, the amount of interests for current month is transferred to the deposit’s account;
Interests for a cumulative deposit are paid out only after expiry of deposit agreement.
Annual interest rates for cumulative deposits (%) for private persons:
Period in Days
Period in Months
LTL
EUR
USD
GBP
30-59
1-2
0,10
0,10
0,10
0,05
60-89
2-3
0,20
0,20
0,15
0,10
90-119
3-4
0,30
0,30
0,20
0,15
120-149
4-5
0,40
0,40
0,35
0,20
150-179
5-6
0,60
0,60
0,40
0,25
180-209
6-7
1,10
1,00
0,35
0,25
210-239
7-8
1,10
1,00
0,45
0,35
240-269
8-9
1,10
1,00
0,55
0,45
270-299
9-10
1,20
1,10
0,70
0,55
300-329
10-11
1,20
1,10
0,75
0,60
330-359
11-12
1,20
1,10
0,80
0,65
360-389
12-13
1,30
1,30
0,90
0,70
390-449
13-15
1,30
1,30
0,90
0,70
450-569
15-19
1,30
1,30
0,90
0,70
570-629
19-21
1,30
1,30
0,90
0,70
630-719
21-24
1,30
1,30
0,90
0,70
720-1079
24-36
1,30
1,30
0,90
0,70
1080-1409
36-47
0,00
0,00
0,90
0,00
If your do not arrive to the bank at expiry of the cumulative deposit agreement, the agreement will be extended for the same period and at interest rate applied by the bank on the day of the extension (the extension is applied to entire amount kept in the cumulative deposit account – namely the deposit and all the additional contributions and calculated interests).
Cumulative deposit account can be opened by:
A person on his / her own behalf;
A person on behalf of other person or acting as agent of other person under a power of attorney confirmed by notary public.
Setting of cumulative deposit (making of deposit agreement) can also be done via the Internet banking system.
If you want to set a cumulative deposit via the Internet banking system, you will have to make with the bank an agreement on online management of account and get familiar with the service rules. If you do not have bank account or agreement on online management of account, please visit the nearest client servicing divisions or branch. It is necessary to have all the documents necessary for opening a bank account.
Consumer deposit is a flexible and convenient saving method, since amount of the deposit can be at any time increased with additional contributions and a portion of the accumulated amount or a part of the deposit can be cashed out during a deposit period without losing interests.
Conditions of consumer deposits:
Consumer deposits are accepted in litas, euros and USD;
Minimum period of consumer deposit is 6 months;
Maximum period of consumer deposit is 25 months;
Minimum amount of consumer deposit is 2,000 litas, 600 euros or 600 USD;
Up to 15 % of deposit amount can be taken from consumer deposit account during a deposit period, but not more frequently than once per 30 days (from the day of repayment of the last portion of deposit), and the balance cannot be lower than the minimum amount of consumer deposit;
Starting amount of consumer deposit shall not be lower than the minimum amount of consumer deposit;
Amount of consumer deposit can be at any time increased with additional contributions;
Minimum amounts of additional contributions: 100 litas, 30 euros or 30 USD;
Minimum amount of consumer deposit and amount of additional contribution in a foreign currency shall be calculated according to exchange rate of litas and the foreign currency as set by the Bank of Lithuania on transaction day;
Interests shall be paid for consumer deposit, and they can be cashed out at the bank’s cash desks or transferred to another account:
- Each month (for previous calendar month); - Every three calendar months; - At expiry of deposit agreement.
Annual interest rates for consumer deposits (%) for private persons:
Period in Days
Period in Months
LTL
EUR
USD
GBP
180-760
6-25
1,30
1,30
0,70
0,00
If you do not arrive to the bank at expiry of consumer deposit agreement, the agreement will be extended for the same period and at the interest rate applied by the bank on the day of the extension for the balance of the consumer deposit and accrued interests. Consumer deposit account can be opened by:
A person on his / her own behalf;
A person on behalf of other person or acting as agent of other person under a power of attorney confirmed by notary public.
If you want to set a consumer deposit via the Internet banking system, you will have to make with the bank an agreement on online management of account and get familiar with the service rules. If you do not have bank account or agreement on online management of account, please visit the nearest client servicing divisions or branch. It is necessary to have all the documents necessary for opening a bank account.
Deposits kept in the Medicinos Bankas are insured by Indėlių ir Investicijų Draudimas VĮ (State Company Deposit and Investment Insurance) in accordance with the Law on Insurance of Deposits and Liabilities to Investors, which provides insurance of deposits of natural and legal persons in litas, euros, USD and national currencies of Member States of the European Union.
In case of an insured event you will be provided with reimbursement amounting to 100 per cent of the deposit in Litas corresponding to an amount of up to 100,000 Euro.
For details on the system of insurance of deposits and liabilities to investors, please visit the website www.iidraudimas.lt
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26th of May 2013