Your finances can work and gain you extra profit, but it is not necessary to “freeze” your money for a definite period. Now you are free to choose – when to multiply and when to use your money.
Savings Account is no-term deposit that gives you the opportunity to take out or add more money at any time.
Advantages of the Savings Account
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Interest accumulated during the deposit period will assure your child’s education will be paid for |
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You are not “freezing” your money as with a Term Deposit. Your money is working and if you need it you can take it out with no problems – and you will not lose any interest! It is very convenient if you are not sure about when you will need your money |
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You can take your money out at any time by giving the bank one week’s notice. You can withdraw the whole amount at once or leave some money to continue working for you |
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You can add to extra money any time you need to |
How to open deposit?
Opening an Education deposit account is simple and fast.
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If you are already our Client, all you have to do is fill in a Term Deposit Agreement. You can send us the application through the Trast.Net system or arrange your deal with the help of the Telephone-bank (if you are using a Code card for generating your electronic signature on the documents) |
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If you are still planning to become our client, we are waiting for you! To make a deposit we will open Current Account and Deposit Account for you. Please, remember to take your ID document with you to verify your identity. |
Administrative terms
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You can make a deposit investment in Euros, USD or Lats. All other currencies are converted to one of these currencies according to the current bank exchange rate. |
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Interest will be counted once a month and added to your Savings Account or Current Account as you prefer |
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Opening and administering a Savings Account is free of charge. For a new client opening a Deposit account is connected with opening a Current account needed to administer a Deposit account. Opening an account is priced according to the Pricelist |
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Taking money from the account must be ordered 7 calendar days before the planned operation. If you need to take the money out with less than 7 days notice you will have to pay a commission of 1% of the amount being taken out |
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If a Client submits an Application for withdrawal of funds from the Savings Account to place them on a deposit proposed by the Bank with a maturity of at least one month, prior notice is not necessary and no commission fee is charged. If the Client does not submit a Deposit Application on the same banking day (during working hours) when the Application for withdrawal of funds from the Savings Account is handed in, a fee of 1% of the amount payable will be charged.
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