For purchasing and (or) safekeeping of Saving Notes you need a payment account with Luminor bank. You can open a payment account separately. For the information on the cost and fees related to opening and using a payment account please refer here.
Savings notes transfer: savings notes can be transferred to other investors, as outlined in the Lithuanian Savings Notes Issuance and Circulation rules. If savings notes are acquired during marriage, then a notarized power of attorney is required for transfer of savings notes. Otherwise, savings note transfer agreement must be signed by both spouses at Luminor bank.
Risks: if you cancel the contract early, the contract will not end immediately but in accordance with your pre-term maturity dates. The Government of the Republic of Lithuania is responsible for the redemption of savings notes and interest payment. Therefore, by investing into savings notes, you assume the risk of insolvency of the Government of the Republic of Lithuania.
Premature redemption: to use savings notes premature redemption please apply to any Luminor branch on timely basis. The deadline for submitting and receiving applications is outlined in the Terms and Conditions of the particular Issue or Savings Notes acquisition agreement. View the Terms and Conditions of Savings Notes issues that have been previously distributed by Luminor bank. Please note: premature redemption of savings notes may be carried out on interest (coupon) payment date. On this day you can: (i) receive funds invested in savings notes on the premature basis for the pre-mature redemption price indicated in the Terms and Conditions of the Issue (provided that the application was submitted on timely basis) or (ii) to receive interest (coupon). In other words, if you submit an application for savings notes’ premature redemption on the interest payment date, you will receive only the price of premature redemption. An application for premature redemption can be made online via Internet bank (Savings and Investments->Investment Portfolio->Sell) or visit us at any Luminor branch.
For trading in and (or) safekeeping of financial instruments you need a payment account with Luminor. You can open a payment account separately. For the information on the cost and fees related to opening and using a payment account please refer here.
Investing involves risks: The value of the investment during the investment period may increase or decrease, and the return is not guaranteed. In certain cases the investor may lose the invested sum and loses may accumulate in excess of the initial investment. Further information about Luminor investment services, terms and conditions, price lists and the related risks can be found here. This page provides general information only. Before deciding to invest in specific financial instruments, be familiar with Luminor's Description of Financial Instruments and Related Risk, prospectus and/or other documents related to the financial instruments in question, as well as carefully evaluate information about specific features, benefits and risk factors of the financial instruments. This information cannot be construed as a recommendation or an offer to buy specific financial instruments, to sell or retain them. In no way this information can be regarded as part of any transaction, to be concluded in the future. Also, if your financial assets exceed 25,000 Eur, you can sign up for a personal investment consultation. Luminor's personal investment strategy plan is not a portfolio management service. Luminor does not undertake monitoring your existing portfolio of financial instruments and its results, unless you concluded a consulting services agreement. Luminor Bank’s proposals or recommendations do not oblige you to perform certain actions or to refrain from doing certain actions. In each case you take the investment decision independently, as well as assume all the risks and responsibilities related to such investment decision.