Latvian residents’ deposits in state bonds exceed EUR 200 million

Latvian State Treasury’s office reports that on Wednesday, the 4th of October, the volume of Latvian residents’ deposit volume in bonds issued by the State Treasury reached EUR 200 million. The total number of depositors exceeds 6 000.
Considering Latvian residents’ growing interest for financially beneficial investments, as well as their growing financial literacy and the growing popularity of bonds, the State Treasury reports.

The volume of residents’ bought bonds has doubled

since the start of June.
Over the course of the past four months alone Latvian residents have invested EUR 100 million into savings bonds.
For residents in Latvia 12-month and three-year savings bonds have been the most popular so far. Demand is up for longer-term savings bonds (especially ten-year bonds). This offers residents an option to receive non-taxable fixed income in accordance with current interest rates in financial markets.
For example, currently it is possible to invest in ten-year savings bonds with 4.15% interest rate, which is fixed until the end of the savings bonds term.
The existing savings bonds offer is available at www.krajobligacijas.lv. It is possible to purchase savings bonds at any time. Users can select their desired savings bond term and pay online.
Savings bonds are a safe alternative to investments under fluctuating financial market conditions, as it is an investment in government securities, which is guaranteed by the Latvian state in full regardless of the amount of the investment, while ensuring the possibility to receive a tax-free fixed interest income each year until the end of the term of the savings bonds.
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