LHV Pank raises interest rates on fixed-term deposits again


From 10 February, new interest rates will apply to clients of LHV Pank who are opening a fixed-term deposit. The interest rate on a three-month fixed-term deposit is now 1% and the interest rate on a 12-month deposit is 2.5%. View interest rates for other periods: https://www.lhv.ee/et/tahtajaline-hoius#intressimaarad.

‘The interest rate environment has changed rapidly over the past six months and clients are once again taking a greater interest in fixed-term deposits,’ explained Kadri Kiisel, Chairman of the Management Board of LHV Pank.

‘We are now offering an interest rate of 2.5% on one-year fixed-term deposits and a higher interest rate than before on shorter-term deposits. We will largely pass on the interest rate increases to the Estonian people and businesses through deposit interest. Better deposit interest encourages saving and thus improves the health of the economy. The final decision on whether to use the savings or lending option is up to each client, but we would like to be there for our clients with good services at all times,’ said Kiisel.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. The Group employs more than 880 people. As at the end of December, LHV’s banking services are being used by 378,000 clients, the pension funds managed by LHV have 131,000 active clients, and LHV Kindlustus protects a total of 150,000 clients. LHV’s UK branch offers banking infrastructure to 200 international financial services companies, via which LHV’s payment services reach clients around the world.

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