“Cash may carry extra advantages if its house owners put their financial savings to work.” Time deposits are growing, however present deposits nonetheless dominate, though the cash held in such accounts doesn’t earn curiosity. Rates of interest on deposits, which grew quickly final yr, reached their peak on the finish of the yr and are actually beginning to retreat. So it isn’t price ready, particularly since at the moment the rates of interest provided for time deposits exceed inflation,” says Julita Varanauskienė, Deputy Chairman of the Board of the Financial institution of Lithuania.
On the finish of April, residents saved 22.8 billion in monetary establishments working in Lithuania. EUR deposits. Of them, 15.5 billion Present deposits amounted to EUR. Time deposits had been 7.2 billion. Eur. The biggest a part of them – 5.6 billion Eur – consisted of deposits as much as 1 yr. period.
Over the past three months, deposits elevated by 486 million. Eur. Present deposits elevated by 199 million, and time deposits by 284 million. Eur. Detailed statistics will be discovered right here.
In April of this yr, the common annual curiosity on residents’ deposits amounted to three.42 p.c. and was 0.16 p.c. level decrease than in January. Annual curiosity for deposits with a period of 1 to 2 years decreased from 4.07 to three.80 p.c within the corresponding interval. Extra.
Annual inflation in April, In accordance with the information of the State Information Company, it was 0.1 p.c. Time deposits exceed annual inflation from 2023. October. Earlier than that, this was the case in 2005, 2009-2010, 2013-2015.
Now banks for a time period of 1 y. time period deposit affords from 2 to 4.15 p.c, credit score unions – from 0.90 to five p.c. annual curiosity. As a substitute for deposits, there’s a 1-year time period Authorities financial savings bonds, 3.10% is obtainable for them. annual curiosity.
The Financial institution of Lithuania publishes on its web site the rates of interest provided by greater than 70 monetary establishments (banks and credit score unions) for deposits of assorted durations. This data is continually up to date.
Time deposits are one of many easiest and most secure technique of saving, they’re accepted in Lithuania by banks, some branches of international banks and credit score unions. All deposits as much as 100,000 saved in banks, branches of international banks, and credit score unions. Eur is insured. It’s true that it’s best to know that to be able to make a deposit in a credit score union, you’ll need to turn out to be a member and buy shares.
The tables current the rates of interest of monetary establishments accepting deposits in euros of assorted durations in Lithuania. Financial institution and credit score union rates of interest on deposits.
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2024-06-02 15:15:42
