DnB NORD Bankas to Increase Time Deposit Rates
OREANDA-NEWS. October 13, 2008. Taking into account changes on international and local money markets DnB NORD Bankas, a member of dynamic international banking group, shall pay higher interest rates on term deposits to individual and corporate customers, reported the press-centre of DnB NORD Bankas.
Starting October 13th, the rates for the term deposits in Litas for individual customers shall increase by 0.99 percentage point on average and by average 0.16 percentage point for time deposits in Euro. For term deposits in US Dollars AB DnB NORD Bankas shall pay 1.99 percentage point higher time deposit rate on average.
For customers who place term deposits via DnB NORD Internet banking system the bank will pay its customers 0.25 percentage point premium on standard rates so, for example, the annual rates for popular one-year time deposits in litas will increase up to 7.55 percent.
The shortest term to park term deposit in AB DnB NORD Bankas is two days.