AS Magnetiq Bank products, services and reviews
Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by AS Magnetiq Bank
2.70%
Annual fee
Free
Cashback
No
Annual fee
Free
Cashback
No
Interest rates up to to 2.70%
Open directly on PickTheBank Platform
Terms from 6 months to 5 years
Annual interest payments
Protected by Deposit Guarantee System up to 100.000 EUR
16.00%
Annual fee
Free
Cashback
No
Annual fee
Free
Cashback
No
Free weekly investment ideas with 16% average return
Up to 20 gift stocks for the account top-up
Stocks, bonds, ETFs and US options from the global exchanges
Reliable EU-regulated broker
Investing in securities and other financial instruments always involves the risk of capital loss. Forecasts and past performance may not be used as reliable indicators of future performance. It is important that, before making any trades, you carry out your own analysis. If necessary, please seek independent advice from a certified professional.
AS Magnetiq Bank
4.2
Latvia
Credit ratings
Deposit Guarantee Scheme (DGS)
Deposit Guarantee Scheme (DGS) member. Deposits up to €100k per person are covered
S&P
-
Moody’s
-
Fitch
-
About AS Magnetiq Bank
LPB Bank, formerly known as Latvijas Pasta Banka, is a Latvian financial institution established in 1991. It provides a range of banking services, including personal and business accounts, loans, and investment products. Regulated by the Financial and Capital Market Commission of Latvia, LPB Bank operates through branches and ATMs across the country and is a member of the Deposit Guarantee Fund. In December 2023, AS Signet Bank acquired AS LPB Bank from its previous sole shareholder, Mono LTD, after obtaining approvals from the Bank of Latvia, the European Central Bank, and clearance from the Competition Council. Following the acquisition, AS LPB Bank officially changed its legal name to AS Magnetiq Bank and introduced a new brand visual identity.
AS Magnetiq Bank Deposit guarantee scheme participation
AS Magnetiq Bank participates in the deposit guarantee scheme of Latvia which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR (or equivalent in local currency) per bank per depositor.
AS Magnetiq Bank Countries of operations
AS Magnetiq Bank offers their savings products in Latvia
Products offered by AS Magnetiq Bank and interest rates
AS Magnetiq Bank offers 15 deposits and 0 savings accounts in EUR.
AS Magnetiq Bank offers the following fixed deposits in EUR in Latvia: 3 months deposit - 1.85%; 6 months deposit - 1.9%; 12 months deposit - 2.2%; 24 months deposit - 2%.
Best interest rates in Latvia
Fixed deposits offered by AS Magnetiq Bank
Loans offered by AS Magnetiq Bank
There are no products yet
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Bank identifiers
BIC number
LAPBLV2X
Name
AS Magnetiq Bank
Country
Latvia