6 months
2% (paid Annually)
Min. €5,000
Max. €100,000
Max. €100,000
Rietumu Bank Fixed-Term Deposit: Festgeld - raisin Review 2026
In a nutshell:
- The “Festgeld - raisin” is a fixed-term deposit offered by Rietumu Bank.
- The return on the Rietumu Bank fixed-term deposit is dependent on the duration of the deposit. The highest interest is 2.6% annually for a duration of 36 months.
- Savings are protected under the national deposit insurance scheme of Latvia.
Find all the details and rates below in our frequently asked questions on the fixed-term deposit by Rietumu Bank.
How much interest does the Rietumu Bank Festgeld - raisin pay?
Rietumu Bank offers the fixed-term deposit “Festgeld - raisin” in 6 different terms, with annual percentage yields ranging from 2.00% to 2.60%. The highest interest is paid for the 36-month fixed-term deposit.
In comparison, the top Festgeld high-yield savings accounts are currently offered by Raiffeisenbank Wittelsbacher Land (3.33% for 6 months) and Rediem Capital AB (3.25% for 120 months).
You can find an overview of all conditions for the Rietumu Bank Rietumu Bank fixed-term deposits in the following table:
Term
Interest rate
Deposit amount
12 months
2.3% (paid Annually)
Min. €5,000
Max. €100,000
Max. €100,000
24 months
2.5% (paid Annually)
Min. €5,000
Max. €100,000
Max. €100,000
36 months
2.6% (paid Annually)
Min. €5,000
Max. €100,000
Max. €100,000
48 months
2.45% (paid Annually)
Min. €5,000
Max. €100,000
Max. €100,000
60 months
2.45% (paid Annually)
Min. €5,000
Max. €100,000
Max. €100,000
Who is behind Rietumu Bank?
Rietumu Bank is the largest privately owned bank in Latvia, the fifth-largest bank by total assets. Since its founding in 1992, Rietumu has become one of the most efficient and fastest-growing banks in the Baltic states.
The bank specializes in corporate clients and high-net-worth individuals from both Latvia and the EU. Rietumu offers a wide range of products for corporate finance, regional and global trade, international payments, and a broad spectrum of investment products.
How safe is my money with Rietumu Bank?
Latvia, as an EU member state, adheres to the minimum deposit protection requirements. Deposits at Rietumu Bank are covered by the statutory deposit insurance scheme of Latvia (the Deposit Guarantee Fund of Latvia), which protects up to 100,000 euros per depositor per bank. Latvia's A+ credit rating reflects the country's financial stability.
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How can I manage the Festgeld - raisin account?
Your Rietumu Bank fixed-term deposit is managed entirely through the Raisin online platform. You can view balances, initiate transfers, and download documents via the Raisin web interface or the Raisin mobile app for iOS and Android.
The web interface and applications are available in German, English, Finnish, French, Dutch, Polish, and Spanish. Customer service is provided in local languages via secure messaging in the online banking and by phone. Since the account is operated through Raisin, you are not dependent on Rietumu Bank ’s own systems or require additional apps or credentials for any administrative steps related to the fixed-term deposit.
How can I open the Rietumu Bank “Festgeld - raisin“?
Opening the "Festgeld - raisin" fixed-term deposit with Rietumu Bank is done fully online via the interest marketplace Raisin.
Raisin is based in Berlin, Germany. Using the marketplace, you only need to register once and can then open several savings options, such as a Rietumu Bank's fixed-term deposit, across Europe and the globe within minutes. The Raisin platform is available to adults residing in Germany, Austria, France, Ireland, the Netherlands, Poland, Spain, the United Kingdom, and the United States. However, product offerings may vary by country.
You require a valid ID or passport to complete the identification procedure. In Germany, it can either be performed online via VideoIdent or in person at a post office branch (PostIdent). Once complete, you will get a reference account with Frankfurt-based Raisin Bank to which you shall connect your personal German current account. Afterwards, you can open the fixed-term deposit with Rietumu Bank. The desired amount will automatically be transferred from your Raisin reference account to Rietumu Bank.
About the Author
Disclaimer: This blog and providing support are my passion and hobby. However, I do not intend to provide financial advice. All investments involve risks of loss. This post is non-binding, for informational purposes only, and does not represent a complete market overview. I do not take responsibility for the accuracy and up-to-dateness of the data (§18 ZKG).
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