Yes, interest can be paid to you on a monthly basis. This interest payment method can be chosen by signing the term deposit agreement.
All deposits can be terminated:
More information about the term deposit conditions can be found here.
If you prefer to not extend the validity of a deposit automatically upon the end of its term, you have to choose one of the following:
Deposit interest rate, valid on that day, will be applied for automatically extended deposits. Deposit interest rates can be found here.
If you decide to terminate a term deposit before maturity, the whole deposit amount will be returned to the current account, however, the interest will not be applied. If you have been paid the interest on the term deposit during the deposit term, the returned amount will be reduced by the amount of the interest that has been already paid.
If the investment sum is bigger than EUR 100,000 or equivalent to this amount in other currency, interest rates provided in Luminor web page are not valid and should be negotiated separately. You should contact us by calling +370 5 239 3444. Your call will be directly transferred to the responsible consultant or relationship manager.
Yes, the deposits up to the value of EUR 100,000 are secured by the Estonian Guarantee Fund company “Tagatisfond” in accordance with the terms and conditions of the Republic of Estonia’s law on deposit insurance and insurance of liabilities to investors.
More information about Terms and conditions of insurance can be found here.
You may sign or supplement a deposit contract via the internet bank every day from 00:01 a.m. to 10:00 p.m.
There is no possibility to withdraw a certain amount of term deposit. However, if you wish to withdraw the money from the term deposit, you must terminate the contract. If you withdraw the deposit earlier before the ending date, the interest rate for the storing period of the term deposit will not be paid.
Usually the money is being returned immediately, but no later than in the next 7 working days after submitting your request.
In the internet bank you can find the information about your deposit and interest when clicking on „Saving and investment“ at the top menu bar and then choosing „My deposits“.
Deposit interest rates can be found here.
In order to find out whether the term deposit will be automatically extended, in the internet bank at the top menu bar you have to click on „Saving and investment“, go to „My deposits“, and select the deposit you wish to review. Then, in the row „Automatic extention“ it will be indicated if the deposit will be extended automatically or not.