OREANDA-NEWS. From 27 October, Ukio bankas increases interest rates on time deposits for both private and corporate clients, reported the press-centre of Ukio bankas.

From this day forth, interest on time deposits with 1 to 5 month maturity grows from 6.5 to 6.9 percent. Interest on deposits placed in euros for up to one year will increase from 6-6.2 percent to 6.3-6.5 percent. Interest on deposits in pounds sterling jumped more – deposits with 1 to 12 month maturity will earn 6.3-6.5 percent in interest instead of the former 4.1-5.1 percent.

“Considering current situation on the global finance market, we increase interest rates on time deposits. Growing interest rates should encourage clients to save their funds in banks and financially benefit from placing both long- and short-term time deposits,” said Balanda Bradulskiene, director of Ukio bankas Product Development Department.

Yet higher interest will be paid on deposits placed by the clients using Ukio bankas electronic banking system Eta bankas. On deposits placed up to 12 months clients will earn 0.1 percent higher interest and on time deposits with 12 month and longer maturity – 0.2 percent higher interest. Ukio bankas accepts time deposits in the litas, euros, US dollars and pounds sterling.