Place a 6-month term deposit and benefit from 4% annual interest rate
It would take you about 12 years to grow your hair to this length. Quite a long time, right? We know, however, how to grow effectively and quickly! During the promotional period, place a 6-month term deposit of up to EUR 25,000 with Šiaulių Bankas and witness spectacular growth with a fixed annual interest rate of 4%.
Šiaulių Bankas has a special offer for you – sign a Term Deposit Agreement for a period of 6 months on the terms specified below and benefit from the annual fixed interest rate of 4%.
1. The promotion “If growth is the goal, then do it with flair” (hereinafter, the Promotion) is organised by Šiaulių Bankas AB (hereinafter, the Bank), registration No. 112025254, head office address: Tilžės g. 149, Šiauliai.
2. Promotion period: from 04/11/2024 to 10/01/2025 (inclusive).
3. Deposit means Term Deposit offered by the Bank during the period of promotion “If growth is the goal, then do it with flair” on the terms and conditions specified herein.
4. Participant of the Promotion is a natural person who enters into a Deposit Agreement complying with the terms and conditions set out herein.
5. Newly Deposited Funds are funds newly deposited into a current or savings account opened with the Bank in the name of the Participant of the Promotion by means of external bank transfers or in cash (only at the Bank’s branches), which were not available in the accounts opened with the Bank in the name of the participant prior to the beginning of the promotion period. The amount of Newly Deposited Funds must exceed the amount of withdrawals made during the promotion period (withdrawals do not include bank card payments for goods or services).
Example 1: from 4 November to the day of conclusion of the Deposit Agreement, the customer transferred EUR 700 to his/her Šiaulių Bankas account or deposited EUR 700 in cash at a branch and withdrew EUR 500 from his/her account (the transactions were carried out on different days). The amount of the Newly Deposited Funds will equal EUR 200.
Example 2: an existing customer of Šiaulių Bankas has EUR 10,000 in his/her bank account on 30/10/2024. The Term Deposit promotion “If growth is the goal, then do it with flair” starts running on 04/11/2024. The customer will not be able to benefit from the Term Deposit promotion “If growth is the goal, then do it with flair” for the EUR 10,000 in his/her Šiaulių Bankas account, as the condition of Newly Deposited Funds will not be fulfilled. However, the customer can place other deposits of his/her choice using the funds available in his/her Šiaulių Bankas account before the start of the promotion “If growth is the goal, then do it with flair”, but not the Term Deposit "Grow efficiently".
6. Terms of the Term Deposit "Grow efficiently":
6.1. A fixed annual interest rate of 4% applies under the Deposit Agreement entered into during the Promotion Period.
6.2. The maturity of the Deposit is 6 months.
6.3. The minimum deposit amount is EUR 100, and the maximum is EUR 25,000.
6.4. The total amount of individual Deposits placed during the Promotion Period must also not exceed EUR 25,000. The amounts of other deposits placed with the Bank that are not subject to the terms of the Promotion will not be counted towards the EUR 25,000 ceiling for the purpose of concluding a Deposit Agreement on the terms of the Promotion.
6.5. A Deposit may only be placed using Newly Deposited Funds as defined in Section 5 of these Terms and Conditions. If funds have been deposited into an account opened with the Bank in the name of a person wishing to become a Participant of the Promotion prior to the commencement of the Promotion Period, or during the Promotion Period, but from another account opened with the Bank in the name of any person, such funds may not be treated as Newly Deposited Funds.
6.6. If the automatic renewal clause is selected in the Deposit Agreement, the interest rate of the Term Deposit of the relevant maturity, as published by the Bank, will apply from the date of renewal: Term Deposit - Private Interest Rates - Šiaulių bankas.
6.7. Payment of interest on the Deposit – all accrued interest is paid on the maturity date of the Deposit.
6.8. If the Deposit Agreement is terminated earlier than the maturity of the Deposit as stipulated therein, no interest is payable on the Deposit.
6.9. The Deposit Agreement can be concluded at the Bank’s branch and via the Internet Bank.
7. The Bank is a participant of the Lithuanian deposit insurance scheme, so its deposits are covered by deposit insurance with the public institution Deposit and Investment Insurance. For more information, please visit Deposit Insurance - Private - Šiaulių bankas.
8. The Privacy Policy of Šiaulių Bankas Group companies in Lithuania provides summary information on how the Bank processes the data of retail depositors and specifies the rights of data subjects regarding the processing of personal data. This policy is available at Privacy policy - Šiaulių bankas.
9. The Bank may unilaterally change these Promotion Terms and Conditions by giving prior notice in the same manner in which these Terms and Conditions were published.
The Promotion Terms and Conditions are published on the Bank’s website at www.sb.lt.