Your bank doesn’t love you? Leave.
Choose INDEXO – the local bank that works for you, not the other way around.
Start earning
Calculate how much you’ll earn
Your annual gain
Interest rates are based on data published by the Bank of Latvia.
Deposit terms and conditions are available in the INDEXO General Terms and Conditions.
INDEXO – a bank that cares about you
INDEXO – a bank that cares about you
Free everyday banking
A profitable savings account
The best term deposit in Latvia
INDEXO – a partner to feel safe with
A bank that values you
If you pay fees, earn no interest, and feel undervalued — it’s time for a change. Switch to INDEXO — a local bank that pays you, not the other way around.
Break up, download, and start earning more
Questions and answers
How to use everyday banking for free?
It’s simple with us!
Bank without monthly fees if:
-
You are under 31 — activate the “Zelts” plan and message us “Zelts30” in the app chat.
-
You receive your income in INDEXO Bank — transfer your salary or other regular income, activate the “Zelts” plan, and message us “Income in INDEXO Bank” in the app chat. Check the offer terms.
What types of savings are available at INDEXO?
We have already proven ourselves as a reliable partner in long-term savings by offering 2nd and 3rd pillar management of pensions. Now we also offer good solutions for short-term savings – savings vaults and term deposits. And in general, even the account balance earns money at INDEXO!
The more focused you save, the higher the interest:
- money in a bank account – 1.0 % per year;
- in savings vaults – 2.5 % per year;
- in term deposits – 4.5 % per year.
Choose how freely you want to handle your money and receive the appropriate interest. You can deposit and withdraw as much as you want and whenever you want – you don’t have to apply for anything, you don’t have to pay anything. Personalize to your liking and accumulate without noticing.
What are the differences between a savings vault and a term deposit?
Both types of savings are suitable for fulfilling big and small dreams. However, there are several differences between them.
|
Function |
Savings vault |
Term deposit |
|
Deposits and payouts |
Possible at any time without restrictions |
Deposit only at the beginning, it is not possible to top up |
|
Interest rate |
Variable, depends on the bank’s rules |
Fixed, higher than in a savings vault |
|
Availability |
Money is available anytime |
Money is only available at the end of the term |
|
Compound interest |
No |
Yes, interest is reinvested |
|
Early withdrawal |
Yes, without penalty |
Yes, but with penalty and without accrued interest |
|
Rounding options |
Yes, it is possible to use the rounding too |
No |
How does INDEXO Bank’s offer compare to other banks?
When comparing bank offers, it’s important to evaluate not only account, card, and cash withdrawal fees, but also how much the bank pays on your savings and term deposits.
Interest income is what makes a significant difference in the long term. Compared to other banks, INDEXO Bank’s offer – taking into account higher savings rates and the possibility to use a daily plan free of charge (by receiving regular income) – typically provides a higher net benefit per year. In other words, after earned interest and deducted fees, the client will most likely come out ahead.
Find out more in our blog Anna compares Latvian bank offers.
