BluOr Bank AS

Best offers of BluOr Bank AS from Latvia

3.40
%
AER
1 year | EUR

All Term Deposit offers from BluOr Bank AS

Interest rate Term Currency
0.01 % AER
3 months EUR
2.70 % AER
6 months EUR
2.65 % AER
9 months EUR
3.40 % AER
1 year EUR
2.27 % AER
2 years EUR
1.96 % AER
3 years EUR

About BluOr Bank AS

BluOr Bank AS was founded in 2001 and is headquartered in Riga, the capital of Latvia. BluOr Bank focuses on modern, user-friendly banking combined with individual service. BluOr Bank aims to be the first to respond to changes in international business in order to offer its clients the most effective and advanced banking products.

The bank is the ninth largest bank in the country in terms of assets under management and its main clients are companies engaged in international trade or acting as holding companies. BluOr Bank has a core capital ratio of 14.61% and a total capital ratio of 20.01% (as at 30 June 2017).

The Latvian Deposit Protection Fund guarantees the security of deposits up to the equivalent of EUR 100,000 per customer.

With BluOr Bank you can open and manage your deposit(s) 100% online.

Offer details

Effective rate
3.40 % AER
Nominal rate
3.40 % AER
Term
1 year
Availability
At maturity
Interest payout
At maturity
Interest taxation
At maturity
Currency
EUR
Min/Max investment amount
1 – 100,000  EUR
Prolongation
An automatic renewal, including reinvestment of interest, is initiated if you do not deactivate the automatic renewal up to 5 days before the end of the term.
Withholding tax
Standard Latvian witholding tax of 20% applies on savings deposits held at BluOr Bank. This can easily be lowered to 10% by providing BluOr Bank with a Certificate of Tax Residency from Revenue.ie as well as an additional residence certificate which we will send to you. This is then fully creditable against the capital gains tax in Ireland.
Additional documents
An electronic order in online banking is sufficient for opening and renewing the account.

Security and deposit guarantee

Deposits at BluOr Bank AS, including the interest accrued but not yet paid, are legally protected by the Latvian Deposit Guarantee Scheme (Latvijas Noguldījumu garantiju fonds) up to a maximum amount of €100,000 per depositor and bank. This protection extends to all natural persons, not just Latvian citizens. You can find more information about the Latvian Deposit Guarantee Scheme on its dedicated website.

This protection relates to a customer’s entire portfolio of deposits and accounts with a bank. This is of particular importance to customers who have further deposits or accounts with BluOr Bank AS beyond those taken out through Raisin Bank.

In all EU member states, the minimum requirements for all national deposit guarantee schemes are harmonised by Directives 94/19/EC, 2009/14/EC and 2014/49/EU.

Tax process and documents

Standard Latvian withholding tax of 20% applies on savings deposits held at BluOr Bank. This can easily be lowered to 10% by providing BluOr Bank with a Certificate of Tax Residency from Revenue.ie as well as an additional residence certificate which we will send to you. These will need to be submitted 4 weeks before maturity and are valid for 5 years.

An electronic order in online banking is sufficient for opening and renewing the account.