22.1.2024
January 2024 Overview: Latvian Deposit Market
4 min read
January 2024 Overview: The Latvian Deposit Market provides a succinct analysis of current trends in Latvia's financial landscape. Highlighting key interest rates and strategic considerations, the article offers a snapshot for informed decision-making in the deposit market. Explore top options and cautionary notes to navigate the evolving financial terrain.
As January concludes, PickTheBank remains committed to navigating the evolving financial landscapes of Latvia and the broader European Union.
In the context of Latvia, our attention this month scrutinizes the prevailing trends shaping interest rates. By meticulously examining the online platforms of 10 Latvian banks that offer fixed-term deposit interest rates, we have carefully curated a selection of 285 deposit options customized for your consideration.
The most recent statistics from the European Central Bank (ECB) reveal a shift in the average interest rate on annual deposits in Latvia over the past month, ranging from 3.30% to 3.53%. Particularly, the maximum EUR fixed-term deposit interest rate now stands at 4.60%.
Below, we showcase the most attractive choices:
🔥Top 5 12-Month EUR Deposit Rates
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.40% | Bigbank | EUR | 12 mths | More -> |
| 4.25% | Bigbank | EUR | 12 mths | More -> |
| 4.25% | Signet Bank AS | EUR | 12 mths | More -> |
| 4.10% | Rietumu Banka | EUR | 12 mths | More -> |
| 4.00% | Akciju sabiedrība "LPB Bank" | EUR | 12 mths | More -> |
🔥Top 5 24-Month EUR Deposit Rates
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.00% | Rietumu Banka | EUR | 24 mths | More -> |
| 4.60% | Bigbank | EUR | 24 mths | More -> |
| 4.45% | Bigbank | EUR | 24 mths | More -> |
| 3.90% | Rietumu Banka | EUR | 24 mths | More -> |
| 3.85% | Signet Bank AS | EUR | 24 mths | More -> |
🔥Top 5 36-Month EUR Deposit Rates
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 3.80% | Rietumu Banka | EUR | 36 mths | More -> |
| 3.75% | Signet Bank AS | EUR | 36 mths | More -> |
| 3.75% | Bigbank | EUR | 36 mths | More -> |
| 3.70% | Bigbank | EUR | 36 mths | More -> |
| 3.70% | Rietumu Banka | EUR | 36 mths | More -> |
🔥Leading EUR Deposit Rates – Any Term
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.60% | Bigbank | EUR | 24 mths | More -> |
| 4.45% | Bigbank | EUR | 12 mths | More -> |
| 4.40% | Bigbank | EUR | 12 mths | More -> |
| 4.25% | Signet Bank AS | EUR | 12 mths | More -> |
| 4.10% | Rietumu Banka | EUR | 12 mths | More -> |
🔥Top Subordinated Deposits
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.00% | BluOr Bank AS | EUR | 60 mths | More -> |
| 6.00% | BluOr Bank AS | EUR | 84 mths | More -> |
🔥Top USD Deposit Rates – Any Term
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.00% | Signet Bank AS | USD | 36 mths | More -> |
| 3.95% | Signet Bank AS | USD | 24 mths | More -> |
| 3.75% | Signet Bank AS | USD | 12 mths | More -> |
| 3.25% | Signet Bank AS | USD | 9 mths | More -> |
| 3.00% | Signet Bank AS | USD | 6 mths | More -> |
🔥Top GBP Deposit Rates – Any Term
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 3.75% | Signet Bank AS | GBP | 36 mths | More -> |
| 3.50% | Signet Bank AS | GBP | 24 mths | More -> |
| 3.25% | Signet Bank AS | GBP | 12 mths | More -> |
| 2.95% | Signet Bank AS | GBP | 9 mths | More -> |
| 2.50% | Signet Bank AS | GBP | 6 mths | More -> |
It is important to highlight that the provided interest rates are pre-tax and do not encompass variations in interest payment frequencies. For precise decision-making, we strongly advise verifying the latest interest rates and terms directly with the respective banks.
Navigate your financial choices with precision on PickTheBank.eu, where a comprehensive array of fixed-term deposits from over 1,000 banks across 25 European countries is at your disposal, backed by strategic insights and tailored solutions.
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