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Higher revenue + Residence permit
About Subordinated Deposit
Subordinated deposit is long-term investment by depositing funds in subordinated capital of Norvik Bank and higher interest in comparison with other types of bank deposits
Conditions of Subordinated Deposit:
  • Currency of deposit – EUR, USD
  • Amount of deposit – from 100 000 EUR or 150 000 USD
  • Interest payments – per month, per year, at maturity of agreement
  • Term – from 5 to 10 years
  • Early termination – not applicable
  • Supplement of deposit – not applicable
  • In accordance with the regulations of the Republic of Latvia subordinated deposits are not covered by the state guarantee scheme
Advantages of Subordinated Deposit:
  • Higher interest rate in comparison with other types of bank deposits
  • Flexible interest payments
  • Possibilty to apply for temporary residence permit in Latvia
Applying and Contact infromation
  • Become a customer and open current account with Norvik Bank
Managers in RigaManagers in Moscow
(+371) 67041129 (+7) 495 755981
Residence Permit
If amount of subordinated deposit exceeds 280 000 EUR or equivalent in other currency, depositor is allowed to apply for temporary residence permit in Latvia for 5 years.
Advantages of Temporary Residence Permit
  • Residence in Latvian territory without restrictions
  • Residence in territory of Schengen countries – 90 days in period of 6 months
  • Residence permits are also dispesed to family members of depositor
Deposit rates
  Interest paid5 years6 years7 years10 years
EUR At deposit maturity date2.75%3.00%3.35%4.00%
EUR Yearly2.45%2.55%2.75%3.00%
EUR Monthly2.35%2.50%2.70%2.90%
USD At deposit maturity date2.75%2.75%3.25%4.00%
USD Yearly2.45%2.55%2.70%3.00%
USD Monthly2.35%2.50%2.60%2.90%