Regarding changes in term deposits

Starting July 1, 2024, we will be making some changes to our term deposit procedures.

We will no longer accept new term deposits in person at 54 Brivibas Str.
However, we want to assure you that if your deposit amount exceeds 20 000 EUR, we will gladly continue to accept it, ensuring that you can continue managing your larger deposits with ease.

To provide even more convenient service, deposit extensions will be conducted through Magnetiq Bank Internet bank.
Of course, if your deposit amount exceeds 20 000 EUR, you can still extend your deposit in person.

For your reference, all our current interest rates can be found on our website under the Term Deposits section.

Thank you for your continued trust in Magnetiq Bank.
We appreciate your understanding and cooperation as we make these changes to serve you better.

Best regards, Magnetiq Bank