OREANDA-NEWS. January 13, 2011. Ukio bankas introduces new savings possibilities to its clients – Deposit without Loss. The Client, having placed a deposit for two years or longer period in case of necessity will be able to collect accrued interest for the actual term of the deposit if it not shorter than 3 months.

"Under the new terms of deposits, the clients will be able to manage their funds more flexibly. For example, if a client places a short term deposit, lower interest is applied and while terminating long term deposit prior to its maturity the interest is not paid at all. Meanwhile, Deposit without Loss will allow to take advantage of higher interest that will be paid out even in the cases when the deposit is kept with the Bank for at least three months", – said Balanda Bradulskiene, Director of Ukio bankas Product Development Department.

According to B. Bradulskiene, Deposit without Loss will become a perfect alternative for the clients placing the deposit for a short term. “Whatever happens, choosing the Deposit without Loss, the Clients will always benefit from their own funds and will be able to use them flexibly in case of necessity. It is especially important in critical cases of life when funds are vital and there occurs a necessity to terminate the deposit agreement unexpectedly”, – she said.

Minimum amount of the deposit – LTL 400 or EUR 150, USD, 150 GBP 150. While terminating the deposit prior to its maturity, interest is determined according to official annual interest rate applied for two year deposit valid at Ukio bankas at the moment of the agreement termination.