7 Key Things to Know about SEB Bankas: Savings, Loans & Branch Network

1. Overview of SEB Bankas

AB SEB bankas, often referred to simply as SEB Bankas, is part of the SEB Group, a major Nordic-Baltic banking group offering full-service banking across Lithuania and the Baltic region. The bank offers services for private individuals, small & medium enterprises (SMEs), large corporates, investments, savings, loans, and digital banking. According to the official SEB Lithuania website, their head office is located in Vilnius, and the bank is regulated under Lithuanian banking laws. seb.lt

SEB Bankas offers a variety of financial products designed for everyday banking needs, saving & investment, borrowing, and modern payment services. Their brand emphasizes digital tools, customer support, and transparency.

2. Savings Products & Rates

For those looking to save, SEB offers several savings and investment-oriented products. Here are the major offerings and interest rate context.

Types of Savings / Deposit Products

• Savings Deposit: An account where you can contribute funds whenever you like and start from small amounts (e.g. from EUR 1). It allows flexibility with withdrawals. seb.lt

• Term Deposit: Funds deposited for a fixed period (from 1 month up to 3 years), where withdrawals before the term usually result in loss of interest or penalties. Minimum amounts often apply (e.g. EUR 100). seb.lt

• Digital Coin Jar / Savings via Mobile App: SEB has features in its mobile app to help customers save “round-ups” or via small regular contributions. These are more goal-oriented and convenient for casual savings. seb.lt+2seb.lt+2

Interest Rates

• As of mid-2025, SEB offers ~1.25% on savings deposits in EUR for private clients. seb.lt

• For USD accounts, the interest rate is much lower (around 0.05%) under standard deposit options. seb.lt

• Rates for term deposits depend on duration: longer fixed periods (1-3 years) tend to offer higher yields. seb.lt

Safeguards & Protections

• Deposits are protected by the relevant deposit guarantee scheme in Lithuania.

• Minimum deposit amounts are generally modest (EUR 1 for the savings deposit in many cases) to encourage saving. seb.lt

3. How to Open a Savings or Deposit Account

Here is the process and what you’ll need to open a savings or deposit account with SEB Bankas.

Requirements and Eligibility

• Be an adult (18+) or the legal age required under Lithuanian law.

• If not a resident, often some proof of residence / identification might be required. SEB may require Documented regular income, proof of identity (passport or national ID), address. seb.lt+1

• Bank account-opening might require existing documentation of tax registration, address proof.

Process / Steps

1. Choose the savings product: decide between standard savings deposit, term deposit, goal-based savings (via app).

2. Visit SEB branch or use SEB’s online / video meeting / chat to initiate account opening. SEB Lithuania allows video meetings to open SEB accounts. seb.lt

3. Provide required documentation: identity (passport / ID card), proof of address, possibly proof of income depending on product.

4. Deposit initial amount as required (for some deposits the minimum is EUR 100 for term deposits, for savings deposit even from EUR 1). seb.lt

5. Accept terms & conditions, sign deposit agreement. For fixed-term / term deposit, agree on term and conditions of early withdrawal penalties etc.

6. Set up digital access: internet bank, mobile banking, notifications.

Notes / Considerations

• Term deposits may have penalties if you withdraw early.

• Interest rates may be fixed during the term, so locking in a longer term can bring benefit but less flexibility.

• Some savings tools (round-ups or goal-saving) are optional and flexible.

4. Loan Options & Credit Products

SEB offers multiple types of loans for private clients and business clients. Here are the major ones with their features.

Private / Consumer Loans

• Consumer Loan: For smaller purchases or needs. Amounts up to €20,000 in some cases, with variable terms up to 7 years. seb.lv+1

• Home Small Loan: Typically for purposes like buying home appliances, minor renovations, or smaller housing-related expenses. Terms up to 7 years, smaller amount ranges. seb.ee

• Home Equity Loan: For larger borrowing secured by real estate. Example: borrowing EUR 100,000 over 25 years; includes interest, fees, mortgage registration, property insurance. seb.lt

Business / Corporate Loans

• Investment Loan: For business investment such as purchase of fixed assets, building or office premises, warehouse etc. SEB Lithuania offers investment loans with terms up to 7 years. seb.lt+1

• Projects may be eligible for guarantees (e.g. via EIF, ILTE) to reduce collateral requirement. seb.lt+1

Rates & Key Loan Conditions

• Interest rates vary depending on product, amount, term, collateral, and creditworthiness.

• Some loans have fixed interest, some floating (linked to market rates).

• Contract / issuance fees may apply. For some small consumer loans or special loans (e.g. energy efficiency) there are specific fee structures. seb.ee+2seb.lv+2

• Collateral may be required for larger loans, especially housing or secured loans.

5. Branches, ATMs & Contact Information

If you need in-person services, here’s what SEB Bankas offers in Lithuania.

Branch / ATM Network

• SEB Lithuania operates ~28 bank branches across Lithuania. seb.lt

• There is a branch / ATM locator on SEB’s website for finding the nearest branch or cash machine. seb.lt+1

Head Office & Main Contact

• Head Office Address: Konstitucijos ave. 24, LT-08131 Vilnius, Lithuania. seb.lt

• Telephone (Private Clients): +370 5 268 2800 (I-V 08:00-20:00) seb.lt

• Telephone (Business Clients): +370 5 268 2822 (I-V 08:00-17:00) seb.lt

• E-mail: info@seb.lt seb.lt

• SWIFT / BIC Code: CBVILT2X seb.lt

6. Digital Banking & Account Management Features

SEB Bankas emphasizes modern digital tools. These are useful especially for savings, loans, and managing your money without frequent branch visits.

• Mobile App & Digital Savings Tools: Tools like Digital Coin Jar help round up purchases and save the difference automatically. seb.lt+1

• Internet Banking: For viewing account balances, statements, applying for loans or savings, and communicating with bank.

• Video Meetings / Booking: SEB provides options to book video or in-branch meetings for consultations. seb.lt

• Calculators: For consumer loans, home equity loans etc. SEB provides calculators to estimate monthly payments, fees etc. seb.lt+1

7. Fees, Terms, Eligibility & Things to Consider

Before you commit, weigh these costs and conditions.

Fees & Charges

• Contract / application fees are common for loans (e.g. consumer loan, home equity loan). seb.ee+1

• Early repayment fees: Many SEB loans allow early repayment but some products may have minimum fees or conditions. seb.lt

• For savings deposit vs term deposit, fixed term products may incur loss of interest or penalties if you withdraw early.

Eligibility & Required Conditions

• Must show proof of identity, address, income. For some loans, credit history is scrutinized.

• For secured loans, collateral (often real estate) needed. Also insurance of the property usually required. seb.lt

• For business / investment loans, financial statements, usage plan, sometimes valuation reports required. seb.lt

Interest Rate Considerations

• Floating vs fixed interest: Floating (variable) might change over time as per market / Euribor etc.

• Fixed rates often come with premium / higher initial cost but predictability.

• Always check APR / all-inclusive cost (interest + fees + extras) rather than just headline rate.

Other Considerations

• Currency risk: Most savings & loans are in EUR in Lithuania; if your income or savings are in other currencies, consider conversion fees.

• Regulatory changes: SEB group sometimes adjusts product terms. Stay updated via their website or local branches.

8. Frequently Asked Questions (FAQ)

Q1. Can non-residents open a savings account with SEB Bankas?
A. It may depend on the bank’s policy. Usually identification and address verification are required. SEB may allow non-residents, but additional documentation may be needed. Checking with SEB directly is advised.

Q2. What is the minimum deposit for SEB savings accounts / term deposits?
A. Savings deposit can start from as little as EUR 1. Term deposits often require a minimum like EUR 100. seb.lt

Q3. What interest rate can I expect on savings deposits?
A. As of mid-2025, ~1.25% for EUR savings deposit accounts. Rates for other products depend on term and conditions. seb.lt

Q4. How do I apply for a consumer loan, and what is the maximum amount?
A. SEB offers consumer loans up to €20,000 in many cases. Application can be made via internet bank. Key requirements include proof of income, identity, and sometimes collateral for larger loans. seb.lv+1

Q5. What are the contact details of SEB’s head office and how many branches/ATMs do they have?
A. Head office: Konstitucijos ave. 24, Vilnius, Lithuania. Phone (private clients): +370 5 268 2800. Email: info@seb.lt. SEB Lithuania has about 28 branches. seb.lt+1

Q6. What is a home equity loan and when should I consider it?
A. A home equity loan is a secured loan where your real estate serves as collateral. It’s useful for large expenses, investments, or debt consolidation. The interest, fees, mortgage registration, insurance are part of cost. SEB offers such loans, with possibility of postponing principal payments under some terms. seb.lt

Q7. Are my deposits safe with SEB?
A. Yes. As a regulated bank in Lithuania, SEB is under deposit guarantee schemes and subject to financial regulation. Savings deposits are protected under national law.

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