Rietumu Bank
- Offers
- 6
- Instant access
- —
- highest effective
- Deposit
- 2.54%
- highest effective
- Deposit guarantee
- Until €100,000
- Latvia scheme
Offers from Rietumu Bank
- Deposit 6 months2.00% · 2.01% effective€1,005per year, annualised
- Deposit 1 year2.30% · 2.30% effective€1,150interest per year
- Deposit 2 years2.50% · 2.47% effective€1,235per year, annualised
- Deposit 3 years2.60% · 2.54% effective€1,268per year, annualised
- Deposit 4 years2.45% · 2.36% effective€1,182per year, annualised
- Deposit 5 years2.45% · 2.34% effective€1,169per year, annualised
Saving at Rietumu Bank
Rietumu Bank is a brand of JSC “Rietumu Banka”, a bank from Latvia. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at Rietumu Bank in your name.
For €50,000 we list 6 deposits from Rietumu Bank, with terms from 6 months to 5 years. The best-paying deposit runs for 3 years at an effective 2.54% a year.
The lowest minimum deposit is €10,000.
Savings at Rietumu Bank fall under Noguldījumu garantiju fonds (Latvijas Banka), the statutory deposit guarantee scheme of Latvia, up to €100,000 per person. We checked that with the supervisor or the scheme itself. Latvia withholds 25.50% tax on interest; with a certificate of tax residence that becomes 10.00% for a resident of the Netherlands.
- What is the savings rate at Rietumu Bank?
- At Rietumu Bank the highest effective annual rate for €50,000 is currently 2.54% on a 3 years deposit. The table on this page has every offer with its rate and conditions.
- Is my money safe at Rietumu Bank?
- Rietumu Bank (JSC “Rietumu Banka”) takes part in Noguldījumu garantiju fonds (Latvijas Banka). If the bank fails, that scheme repays your savings up to €100,000 per person, interest included.
- Do I pay withholding tax on interest from Rietumu Bank?
- Latvia withholds 25.50% tax on interest; with a certificate of tax residence that becomes 10.00% for a resident of the Netherlands.
- How do I open an account at Rietumu Bank?
- From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at Rietumu Bank in your name.
Deposit guarantee and licence
- Institution
- JSC “Rietumu Banka”
- Status
- Verified European deposit guarantee scheme
- Scheme
- Noguldījumu garantiju fonds (Latvijas Banka)
- Guarantee
- €100,000 per person per institution
- Verification
- Raisin wettelijke DGS-disclosuresource ↗ · 2 Nov 2026
details
Latvijas Banka
Recent changes
Rate historyRSSNo changes seen since we started following Rietumu Bank .