Expobank stops accepting term deposits!
Basic conditions of a term deposit
Favorable deposit rates
Up to 0% annually. The longer the term of the deposit, the higher the interest rate
500 EUR min term deposit amount
Term deposits between 500 and 15 000 EUR can be placed via SmartDeposit platform
Deposit terms beginning at 12 months
You may choose to deposit funds for a 12, 24, or 36 month term. The longer the term, the more profitable the interest rate
Term deposit account opening is free of charge
You will not have to pay any fees for service and maintenance of your term deposit account
State guaranteed deposit compensation
The protection of your deposit on the SmartDeposit platform is safeguarded by the "Deposit Guarantee Law" of the Republic of Latvia. The maximum amount of guaranteed compensation is 100 000 EUR per each depositor
Accrued interest is paid out at the end of the term of the deposit
Receive the principal amount of the term deposit along with the earned interest at the end of the term
How much can you earn?
| Profit: | € |
| Gross total amount: | € |
| Interest rate: | % |
| Income tax: | € |
| After tax amount: | € |
Why choose SmartDeposit?
Strong team
SmartDeposit team consists of professional specialists in the field of finance who believe in what they do
An expereince that's worth gold
SmartDeposit platform was created by top tier specialists at AS Expobank. The bank itself has been operating in Latvia since 1991, and one the most lucrative bonuses for its clients has always been favorable term deposit interest rates
Guaranteed deposit safety
Your term deposit is protected. The provisions of the "Deposit Guarantee Law" are applicable to the SmartDeposit platform guaranteeing a compensation of up to 100 000 EUR per depositor
Key benefits of placing your term deposit using the SmartDeposit online platform
- A term deposit is designed to provide you with a certain amount of earnings on a predetermined date
- SmartDeposit online platform offers more attractive interest rates compared to traditional savings accounts
- Unlike a savings account, a term deposit has a fixed rate so market changes will not affect your earnings
Frequently asked questions
Who can use the SmartDeposit online platform for placing a term deposit?
SmartDeposit platform has been created for residents of the Republic of Latvia – for individuals with legal capablity (or - individuals who are not incapacitated, or - able-bodied individuals) and who have reached the age of 18 and have at least one active bank account in the Republic of Latvia.
If you have an account at AS Expobank, please contact SmartDeposit Client Services Division by calling +371 661 55 777 or writing to smartdeposit@expobank.eu.
How can I place a term deposit using the SmartDeposit platform?
In order to place a term deposit, you need to fill out a Questionnaire, complete remote identification, and remotely enter into a term deposit agreement.
Is SmartDeposit actually a 100% remote service?
Yes, the service is entirely available remotely. You will not have to visit the bank in person in order to use this service.