Term Deposit

Term deposit is a simple and safe method of saving with fixed interest on the amount.
Term deposits are typically accepted in euros (EUR) and US dollars (USD). Other currencies are also accepted by separate agreement.

What we can do for you?

Call us at +370 5 215 6666 or contact your manager.
Let us know your needs, together we will find best solution.

Forms and Documents

Standard Terms and Conditions of the Term Deposit Agreement (pdf)

More about Term deposits

General conditions for deposits in EUR and USD
- Term deposits are accepted in euros (EUR) and US dollars (USD)
- Minimum Term deposit amount is EUR 145 or USD 145
- The Term deposit agreement may be signed for a period from 7 days to 60 months for euro, and for a period from 7 days to 24 months for US dollar
- Interest on the Term deposit is paid either on a monthly basis or upon maturity
- For the term of the agreement, the amount in the deposit account is constant
- Interest on a earlier terminated deposit agreement is not payable. If the interest has already been paid, they are deducted from the deposit amount. In addition, the refinancing costs borned by the bank must be covered, if term deposit exceeds EUR 50,000 or the equivalent amount in another currency. The obligation to cover bank's refinancing costs does not apply when the deposit agreement is terminated in special circumstances (loss of work, serious illness, death of the depositor, his spouse, child or other close relative). (For agreements concluded from July 1 2017)
- The deposits held in Danske Bank are guaranteed with Guarantee Fund for Depositors and Investors Act of the Kingdom of Denmark

Interest rates for EUR and USD

After the expiry of the term

Contract term	Annual interest, %
Months	USD	EUR
1	0,25	not available
2	0,30	not available
3	0,40	not available
4	0,45	not available
5	0,50	not available
6	0,55	not available
7	0,60	not available
8	0,60	not available
9	0,65	not available
10	0,65	not available
11	0,65	not available
12	0,65	not available
13-23	0,65	not available
24	0,50	not available
25-35		not available
36-47		not available
48-59		not available
60		not available

*The existing term deposits with an automatic extension apply 0% annual interest rate

Each month

Contract term	Annual interest, %
Months	USD	EUR
1	0,22	not available
2	0,27	not available
3	0,37	not available
4	0,42	not available
5	0,47	not available
6	0,52	not available
7	0,57	not available
8	0,57	not available
9	0,62	not available
10	0,62	not available
11	0,62	not available
12	0,62	not available
13-23	0,62	not available
24	0,47	not available
25-35		not available
36-47		not available
48-59		not available
60		not available

Deposits with agreed interest rate in other currencies
Following currencies are accepted:
- Danish Krone (DKK)
- Australia Dollars (AUD)
- Russia Rubles (RUB)
- Canada Dollars (CAD)
- Norway Kroner (NOK)
- Japan Yen (JPY)
- New Zealand dollar (NZD)
- Czech Republic Koruny (CZK)
- Poland Zlotych (PLN)
General conditions for Term deposits in other currencies:
- Minimum deposit amount – EUR 30 000
- Minimum deposit period – 1 day, maximum – under separate agreement
- The interest rate depends on the terms and conditions of the deposit made. You can find out the interest rate by calling us on the short number +370 5 215 6666 or contacting your designated manager or by visiting a customer service branch

System of insurance of deposits and liabilities to investors

All deposits and assets intended for purchasing financial instruments and held at Danske Bank A/S Lithuania Branch are subject to compulsory insurance in The Guarantee Fund for Depositors and Investors (Danish Kingdom).
- Depositor information sheet (pdf)
The Guarantee Fund for Depositors and Investors (hereinafter – the fund) means the body established by the act of Parliament of the Kingdom of Denmark. Within certain limits, the fund reimburses losses incurred by clients of Danish banks, mortgage banks or investment companies, where a bank, a mortgage bank or an investment company is subject to compulsorily dissolution. This protection also applies to all clients of Danske Bank A/S Lithuania Branch (hereinafter – the bank) (private individuals and legal entities).
Funds
The fund can pay compensation of up to EUR 100,000 for deposits or funds in the client's bank account in any currency.

Securities
The fund also compensates the loss incurred by an investor if the investor's securities managed, or administered by the bank, or held in an investor securities account are not returned by the bank. The amount of compensation is EUR 20,000 per investor.
Funds
The amount of loans and other financial obligations to the bank is deducted from the total sum of cash deposits held by the client at the bank and the balance held in his/her bank accounts. The client is paid a positive balance of funds up to EUR 100,000.

Securities
Generally, suspension of the bank's payments or compulsorily dissolution has no effect on securities, because even in such cases investors usually recover their securities.
However, sometimes, securities cannot be returned to the investor. In such cases, the fund reimburses the loss because securities were not recovered in the amount of up to EUR 20,000 per investor less any debts to the bank. However, the compensation cannot exceed the market value of outstanding securities.
Not later than five business days after commencement of reconstruction or bankruptcy proceedings, the Guarantee Fund will send you a statement of your total balance together with guidelines on how to proceed (the guidelines will also be available at the fund's website).

When you have received the statement, your new bank will help you file a claim with the Guarantee Fund. The Guarantee Fund will pay the deposits to your new bank within seven business days.

You can contact the Guarantee Fund at this address:

Garantiformuen (Danish Deposit Guarantee Scheme)
Sankt Annæ Plads 13, 2. tv.
DK-1250 København K
Tel. (+45) 33 14 62 45
E-mail: gii@gii.dk
Home page: www.gii.dk

If you have not received the payment within seven business days, we recommend that you contact the Guarantee Fund as you may need to observe a deadline for claiming payment.
Garantiformuen (Danish Deposit Guarantee Scheme)
Sankt Annæ Plads 13, 2. tv.
DK-1250 København K
Tel. (+45) 33 14 62 45
E-mail: gii@gii.dk
Home page: www.gii.dk

Danish Act that regulates guaranteeing of deposits and securities

An English translation of the Danish Act that regulates the guaranteeing of deposits and securities can be found on the website of the Danish Financial Supervisory Authority that can be accessed at www.finanstilsynet.dk or www.dfsa.dk.

Savings Account

This is a tool that will allow you to save conveniently and, if necessary, to withdraw all or part of the accumulated money.

Investing Solutions

In Danske Bank we can offer solutions that make it easy, simple and manageable to invest, whether you want to manage your investments or prefer to let our experts invest for you.