SME Bank

SME Bank is a brand of UAB SME Bank, a bank from Lithuania. From the Netherlands you open an account through the savings platform Raisin: one Raisin account, with your money held at SME Bank in your name.

For €25,000 we list 7 deposits from SME Bank, with terms from 3 months to 3 years. The best-paying deposit runs for 1 year at an effective 3.45% a year.

The lowest minimum deposit is €20,000.

Savings at SME Bank fall under Indėlių ir investicijų draudimas (IID), the statutory deposit guarantee scheme of Lithuania, up to €100,000 per person. We checked that with the supervisor or the scheme itself. Lithuania withholds 15.00% tax on interest; with a certificate of tax residence that becomes 10.00% for a resident of the Netherlands.