Saving
If you have some spare cash on your company accounts, use the opportunity to earn additional income!
- Time Deposit
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Time deposit provides for a simple and safe investment instrument. At its maturity, you will be paid out the accrued interest on deposit specified in your agreement.
What are time deposit terms and conditions?
- deposits are accepted in LTL, EUR, USD or GBP;
- the funds may be deposited in cash or transferred from other accounts;
- the minimum deposit amount for business clients is set at: LTL 200, EUR 150, USD 150, GBP 150;
- the minimum term of the deposit is 2 days, the maximum – 60 months;
- the interest rate depends on the maturity term of the deposit: the longer the maturity, the higher the interest;
- the accrued interest can be disbursed: every month, at maturity;
- the deposit held in the Litas may be converted in EUR for the established fee;
- Deposits kept with Ūkio bankas are insured by VĮ Indėlių ir investicijų draudimas according to the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
How do you sign a time deposit agreement?
To sign a time deposit agreement, please:
- login onto Eta bankas and in the main menu select: AgreementsDeposits;
- click on the New button;
- select a respective type of the deposit;
- fill in and sign an electronic copy of the agreement;
Visit the nearest Ūkio bankas branch or unit:
- If your company already holds an account with Ūkio bankas, the formal application procedure is not required; the head of your company or his/her duly authorized person, upon the arrival to the bank for the purpose of signing the deposit agreement, will only be asked for a valid identification document;
- If your company does not have an account with Ūkio bankas, it will be opened for you. In this case, you will need to present all documents necessary for the opening of a bank account.
What do you do upon the expiration of your deposit agreement?
- If your deposit agreement does not instruct the Bank to renew the agreement automatically, the deposit amount together with the interest accrued will be simply transferred to your bank account.
- If your deposit agreement instructs the Bank to renew the agreement automatically, the deposit will be rolled over using the same principal amount and the same maturity term as indicated in the original agreement, at the interest rate effective on the date of deposit renewal.
If you have any more questions on time deposit related issues, please contact the nearest Ūkio bankas branch or unit, or send an enquiry via the internet.
- Long term time deposit
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Long term time deposit is a simple and safe way to invest. Upon maturity of your deposit you will collect accrued interest specified in your deposit agreement and in case of necessity – you will be able to withdraw the funds prior to the deposit maturity, collect accrued interest for the actual term of your deposit if it not shorter than 3 months.
What are terms and conditions of long term time deposit?
- You may deposit money in LTL, EUR, USD or GBP.
- Money to deposit account may be paid in cash or transferred from other bank accounts.
- The minimum deposit amount for business clients is set at: LTL 200, EUR 150, USD 150, GBP 150.
- the minimum term of the deposit is 720 days, maximum – 1829 days;
- the interest is paid out at the end of the term to the bank account;
- in case of termination of long term time deposit prior to maturity term, the interest is paid out for actual term of the deposit if it is not shorter than 3 months. The paid out interest is determined according to official annual interest rate applied for two year deposit valid at Ūkio bankas at the moment of the agreement termination.
- Deposits kept with Ūkio bankas are insured by VĮ Indėlių ir investicijų draudimas according to the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
How to place a long term time deposit?
You may place a long term time deposit:
Via Eta bankas:
- register to Eta bankas and select Agreements → Deposits on the main menu;
- click on the button New;
- select a respective type of the deposit;
- fill in and sign the e-Agreement blank.
Over the counter in the nearest Ūkio bankas Branch or Client Service Unit:
- bring along your ID document;
- address a client service bank officer who will draw a time deposit agreement for you.
What to do upon expiration of the deposit agreement?
- If your time deposit agreement does not provide for automatic extension of the agreement, the deposited amount and accrued interest will be transferred to your bank account.
- If you choose automatic extension of the deposit agreement, the deposit will be extended in the amount and for the term specified in the agreement at the interest rate valid on agreement extension day.
You may open a long term time deposit in the name of another person or your underage child. At Your request you may also manage your long term time deposit account jointly with another person. For more information, please contact your nearest Ūkio Bankas Branch or Client Service Unit or send an inquiry via the Internet.
- Business Time Deposit
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Business time deposit provides you with an opportunity to use a profitable and safe investment instrument. Compared to the time deposit, the business deposit gives you added flexibility: even if you terminate the deposit agreement before its maturity, you will still receive the interest for the term the funds are deposited, provided that the deposit is held with the Bank for at least 30 days.
What are the conditions of a business time deposit agreement?
- deposits are accepted in LTL, EUR, USD, GBP;
- the minimum deposit amount is set at LTL 50,000 or its equivalent in foreign currency;
- the minimum term of the deposit is 30 days, the maximum – 60 months;
- business time deposit rates depend on the maturity term of the deposit: the longer the maturity, the higher the interest;
- the accrued interest can be disbursed: every month, at maturity;
- Deposits kept with Ūkio bankas are insured by VĮ Indėlių ir investicijų draudimas according to the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
What happens if you terminate a business time deposit agreement?
- Upon holding the funds on the business time deposit account for at least 30 days and terminating the agreement before its maturity, the interest is paid for the term the funds were deposited with the Bank, excluding the first and the last day of the deposit term.
- The effective interest rate equals the respective time deposit interest rate fixed by the Bank on the date of the agreement termination less 0.5 percent.
How do you sign a business time deposit agreement?
To sign a business time deposit agreement, please visit the nearest Ūkio bankas branch or unit:
- If your company already holds an account with Ūkio bankas, the formal application procedure is not required; the head of your company or his/her duly authorized person, upon the arrival to the Bank for the purpose of signing the deposit agreement, will only be asked for a valid identification document.
- If your company does not have an account with Ūkio bankas, it will be opened for you. In this case, you will need to present all documents necessary for the opening of a bank account.
What do you do upon the expiration of your deposit agreement?
- If your deposit agreement does not instruct the Bank to renew the agreement automatically, the deposit amount together with the interest accrued will be simply transferred to your bank account.
- If your deposit agreement instructs the Bank to renew the agreement automatically, the deposit will be rolled over using the same principal amount and the same maturity term as indicated in the original agreement, at the interest rate effective on the date of deposit renewal.
If you have more questions on business time deposit related issues, please contact the nearest Ūkio bankas branch or unit, or send an enquiry via the internet.
- Overnight Deposit
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Overnight deposit agreement refers to an open-ended investment agreement whereby funds on the company account are transferred, at a given hour, to an overnight deposit account, and returned on the next business day to the company bank account together with the interest accrued.
What are the conditions of an overnight deposit agreement?
- the agreement stipulates the minimum account balance for investment and the interest rate; if, at a given hour, the closing account balance exceeds the minimum balance, it is transferred to an overnight deposit account;
- the deposits are accepted in LTL, EUR, USD or GBP;
- the minimum deposit amounts are set at: LTL 50,000, EUR 100,000, USD 100,000, GBP 100,000;
- Deposits kept with Ūkio bankas are insured by VĮ Indėlių ir investicijų draudimas according to the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
How do you sign an overnight deposit agreement?
To sign an overnight deposit agreement, please visit the nearest Ūkio bankas branch or unit:
- If your company already holds an account with Ūkio bankas, the formal application procedure is not required; the head of your company or his/her duly authorized person, upon the arrival to the bank for the purpose of signing the deposit agreement, will only be asked for a valid identification document.
- If your company does not have an account with Ūkio bankas, it will be opened for you. In this case, you will need to present all documents necessary for the opening of a bank account.
If you have more questions on overnight deposit related issues, please contact the nearest Ūkio bankas branch or unit, or send an enquiry via the internet.
- Savings Deposit
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Savings deposit provides for a safe investment instrument and enables you to save a desirable amount of money during the term of your choice. And you can add money to your savings deposit at any time. At its expiration, you will be paid out the accrued interest indicated in your agreement. The interest is calculated on variable deposited amount and credited to savings deposit account at the end of each month.
What are the conditions of a savings deposit agreement?
- the deposits are accepted in LTL, EUR, USD, GBP;
- the minimum deposit amount is set at: LTL 200, EUR 150, USD 150, GBP 150;
- the funds may be deposited to savings account in cash or transferred from other accounts;
- the minimum term of the deposit is 3 months, the maximum – 60 months;
- the interest is paid at the expiration of the deposit term;
- Deposits kept with Ūkio bankas are insured by VĮ Indėlių ir investicijų draudimas according to the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
the minimum amount to add is unlimited; How do you sign a savings deposit agreement?
You can place a savings deposit:
Using Eta bankas:
- log on Eta bankas and in the menu select: “Agreements” → “Deposits;
- click the button “New”;
- select a respective type of the deposit;
- fill in and sign the form of e-Agreement;
upon arriving at the nearest Ūkio Bankas Branch or Client Service Unit:
- If your company already holds an account with Ūkio bankas, the formal application procedure is not required; the head of your company or his/her duly authorized person, upon the arrival to the Bank for the purpose of signing the deposit agreement, will only be asked for a valid identification document.
- If your company does not have an account with Ūkio bankas, it will be opened for you. In this case, you will need to present all documents necessary for the opening of a bank account.
How to replenish a savings deposit account?
A savings deposit account may be replenished by:
By using Eta bankas:
- in the main menu select “Agreements”;
- by the deposit type “Savings deposit” select the action “Replenish”;
- In the “Deposit replenishment” window specify the desired amount of replenishment and confirm it.
Upon arrival at the nearest Ūkio bankas branch or unit:
- deposit cash;
- instruct an officer of Ūkio bankas to transfer funds from your account with Ūkio bankas to the savings deposit account;
What do you do upon the expiration of your deposit agreement?
- If your deposit agreement does not instruct the Bank to renew the agreement automatically, the deposit amount together with the interest accrued will be simply transferred to your bank account.
- If your deposit agreement instructs the Bank to renew the agreement automatically, the deposit will be rolled over using the same principal amount and the same investment term as indicated in the original agreement, at the interest rate effective on the date of deposit renewal.
If you have any more questions on savings deposit related issues, please contact the nearest Ūkio bankas branch or unit, or send an enquiry via the internet.
- Universal deposit
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A universal deposit is a way of saving when you can replenish the initial deposit amount with additional contributions and, when necessary, withdraw part of deposit funds before the expiration of your Agreement and retain the interest.
What are the terms of placing a universal deposit?
- You may deposit money in LTL, EUR, USD or GBP;
- The minimum deposit amount is LTL 200, EUR 150, USD 150, GBP 150;
- The minimum deposit replenishment amount is unlimited;
- The minimum deposit term is 4 months, the maximum – 24 months (731 days);
- You may replenish your universal deposit account at any time in cash or by bank transfer;
- The accrued interest is paid upon maturity;
- Deposits kept with Ūkio bankas are insured by VĮ Indėlių ir investicijų draudimas according to the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
How to draw a universal deposit agreement?
You can place a universal deposit:
using Eta bankas:
- log on Eta bankas and in the menu select: “Agreements” → “Deposits;
- click the button “New”;
- select a respective type of the deposit;
- fill in and sign the form of e-Agreement;
upon arriving at the nearest Ūkio Bankas Branch or Client Service Unit:
- bring along your ID document;
- address a client service bank officer who will draw a savings deposit agreement for you.
How to replenish a universal deposit account?
A universal deposit account may be replenished by:
By using Eta bankas:
- in the main menu select “Agreements”;
- by the deposit type “Universal deposit” select the action “Replenish”;
- In the “Deposit replenishment” window specify the desired amount of replenishment and confirm it.
Upon arrival at the nearest Ūkio bankas branch or unit:
- deposit cash;
- instruct an officer of Ūkio bankas to transfer funds from your account with Ūkio bankas to the universal deposit account;
How to withdraw a part of the deposit?
You can withdraw a part of your deposit amount prior to Agreement expiration:
- 90 days after the agreement date or the beginning of deposit extension;
- Once a 90-day period by retaining the account balance not smaller than the minimum deposit amount;
- The minimum amount of deposit withdrawal is LTL 100, EUR 25, USD 25, GBP 25;
- Up to 30 percent of the deposit amount along with accrued interest is subject to withdrawal.
If you have any more questions on universal deposit related issues, please contact the nearest Ūkio bankas branch or unit, or send an enquiry via the internet.
