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Lat Reserve Fund

Get on or off when you want!


It is essential to save for tomorrow, however it is also essential that free funds are easily accessible. The money in the settlement account is the money for your daily needs, but if the account has idle funds, which exceed your daily needs, why not make them earn?


In the Lat Reserve Fund you can get on and off when you want because it offers fast access to your money. It combines the positive characteristics of several investment products – profitability, liquidity, trustworthiness and free of charge transactions.



The Lat Reserve Fund is the largest money market fund in the Baltic States. The risk level of the Lat reserve fund (as a money market fund) is low. The target of the Fund is to reach constant and stable – suitable for the Lat money market rates – capital growth.


Advantages of Lat Reserve Fund:

  • fast access to funds already on the next working day;
  • conveniences ensured by making of transactions by means of internet bank;
  • low risk level, low value fluctuations;
  • expected profitability compliant with the money market (short-term deposit) rates;
  • minimum investment amount in the Lat reserve fund is LVL 50.

Why and when the Lat Reserve Fund will be most appropriate for you?

  • if you want to decide freely when you want to use your accruals;
  • if you have free funds at your disposal even for a short time and you want to get profit from them also in short term;
  •  if you want to create "a nest egg" for the future;
  •  if you want to save money for a larger purchase, travel or first instalment on a home.

    • SEB banka ensures additional support to its clients for calculation of capital growth tax about transactions with the Lat reserve fund!


    In future, when making a sales transaction of the Lat reserve fund certificate, in all SEB banka client service centres you can receive information not only about the transactions made, but also about the amount of personal income tax, which according to the law "On Personal Income Tax" should be indicated in your monthly/quarterly tax return regarding income from capital. SEB banka has received opinion letter from the State Revenue Service that SEB banka's developed Personal Income Tax calculation about transactions with LRF shares comply with the norms of the law and the bank's issued informative can be used while completing the tax return about income from capital.

    How to invest in the Lat Reserve Fund?

    In order to buy certificates of Lat reserve fund, you need to have an open securities account in SEB banka. Opening of securities account in ibanka is free of charge, and also the purchase of LRF certificates, their sale and storage in securities account is free of charge.

    Performance of transactions

  • If the purchase application is submitted on a working day by 14.00, funds in the Lat reserve fund will be transferred on the next working day.
  • If a sales application is submitted on a working day by 14.00, funds in the settlement account are transferred on the next working day.
  • Applications submitted after 14.00 will be performed on the next but one working day.

    • Nota bene!

    According to the amendments of 09.06.2010 to the law "On Personal Income Tax", income from the capital of a private individual are subject to tax deduction.


    Historical profitability does not guarantee equal profitability in the future. Mutual funds are subject to financial market risks, and in separate periods their value may also be negative.


    Contacts

    Read more

    "SEB finanšu centrs", Meistaru iela 1, Valdlauci, Kekavas pagasts, Kekavas novads , LV-1076, Latvia