Savings for your future

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. Before then, deposited funds will be kept in the European Central Bank.

To apply for a Green Savings Account, you must be a Citadele customer:

• with a current account or payment card account (if you are not yet our customer, please see "How to become a customer without visiting a branch");
• with online banking access (if you are our customer, but do not have access to our online bank, please visit a branch, first booking an appointment).

You must sign a Green Savings Account agreement. It is easiest and most convenient to sign the agreement in the online bank under Correspondence with bank > Free form Order to the bank.

You must enter the following:

• Topic: Open a Green Savings Account
• Account number for authorisation
• Body: I am familiar with the terms and conditions of the Green Savings Account, please open a Green Savings Account for me.

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

We will send you an online banking notification once your agreement has been signed. We usually open a savings account within one business day of receiving an application.

Terms of Opening and Servicing The Green Savings Account

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

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.

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.

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".

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 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.