Savings for your future

A savings account is one of the basic types of financial products, which allows you to deposit money and, usually, earn a small amount of interest, while maintaining the ability to withdraw your money within a relatively short amount of time.

With the Green Savings Account, we will support environmentally-friendly initiatives. We will invest* your money in sustainable projects, such as energy-efficient real estate projects.

Energy-efficient real estate:

• The home has been awarded an A or A+ energy-efficiency class;
• The building complies with the criteria of a Nearly Zero Energy Building in accordance with local legislation;
• The level of primary non-renewable energy used in the building is at least 10% lower than stipulated for the non-renewable energy level of a Nearly Zero Energy Building in accordance with local legislation.

* The first loan round for suitable projects will be issued within 6 months of the product entering the market, or as soon as the deposit fund reaches 10 million EUR. Before then, deposited funds will be kept in the European Central Bank.

To withdraw funds from a Green Savings Account, go to the online bank under Correspondence with bank > Free form Order to the bank.

The order must display the following:

• Topic: Withdraw funds from my Green Savings Account
• Account number for authorisation: Your Green Savings Account number (Iban)
• Body: Please make a payment of (amount) from my Green Savings Account to my current account (account number) in 60 (sixty) calendar days, not including the submission day.

Select "Next", re-authorise and confirm your request by selecting "Execute".

There is no minimum, you can also deposit small amounts of money in the Savings Account and Green savings accounts. A regular payment may help you with the discipline to deposit larger amounts.

If you want to transfer funds from your Saving account, you must apply thirty-five days in advance if you wish to access the money without additional fees. If you wish to transfer the funds without the thirty-five day notice, a commission fee will be applied (1% of the transfered amount).

You can't pay bills from a savings account. Savings accounts are for long-term storage, not short-term repeat transactions.

There is no limit on the amount of money that you can put in a savings account.

If you want to withdraw money from a Krājkonts+ savings account without paying a commission fee, you must notify the bank 35 days in advance. However, if you wish to receive your money sooner, without submitting a request, you must pay a commission fee, which is 1 % of the withdrawal sum.

If you wish to withdraw money from your Green Savings Account without paying a commission fee, you must notify the bank 60 days in advance. However, if you wish to receive your money sooner, without submitting a request, you must pay a commission fee, which is 1 % of the withdrawal sum.

There is no minimum amount, you can begin saving from 1 EUR.