Savings account
Savings account is an open-ended deposit that can be used both for making savings with a specific purpose and for investing of free money means for indefinite term. You have the possibility to supplement your Savings account as well as to draw up invested means and earned interest at any time. It is possible to open Savings account in Customer service centres and in E-bank.
Interest accrued for the remaining amount of Savings account is calculated at the end of every day and added to the principal amount in the last day of every month.
Rate of Savings account interest depends on amount of money in Savings account and fluctuates: if rate of Savings account interest in pricelist of the Bank changes, it changes for all existing Savings accounts, too.
You supplement your Savings account by transferring the chosen amount of money from your current account to Savings account. Meanwhile, in order to access means in your Savings account you have to transfer the needed amount of money from savings account to current account.
You can perform transfers to and from savings account both in Customer service centres and in E-bank.
Advantages:
- Option to invest means in lats, euro or USA dollars
- No sums of minimal investment are set
- No commission fee for opening and closing of Savings account
- Possibility to open Savings account in E-bank
- You can supplement your Savings account freely and for no charge
- You can freely access means invested in Savings account without prior application by transferring the needed amount of money to current account (commission fees are given in pricelist)
- If the Bank becomes subject to compulsory winding-up, customers’ deposits are covered up to 50 000 EUR (more detailed information in Guarantees for depositors).
How can savings account increase your salary?
In your payday, transfer half of your salary to Savings account for earning additional income. In one week – when you need money for some larger purchase – transfer the necessary amount from Savings account to current account. Remained money in your Savings account continues to profit. When few days before receiving salary your purse is empty, you can transfer conveniently the needed amount of money from Savings account to current account again.
Delight you and your Savings account in the next payday again!
If you spend your salary gradually, on average half of your salary can profit additional means in Savings account.
You have to:
- Go to the nearest Danske Banka Customer service centre taking with you a passport or ID card (for EU residents)
- Open a current account and Savings account in Danske Banka (opening is free of charge)