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Luminor Latvia review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Luminor Latvia is an easy access deposit from a Latvian bank, suited to savers who want money reachable rather than earning the most, with a variable headline rate of 1.85% from a minimum deposit of €10. The same bank lends too, so it suits customers who want savings and borrowing in the same place.

Key facts

Best for
An easy access Latvian deposit for savers who put reachability ahead of return.
Headline rate
1.85%↗
Rate type
Variable↗
Term
6 to 84 months↗
Minimum deposit
€10↗
Access terms
Unlimited term; request payout at least 7 calendar days in advance and receive savings without a commission fee; less than 7 days in advance costs 0.5% of the amount, min 5 EUR↗
Account kind
Easy access↗
Legal entity
Luminor Bank AS↗
Headquarters
Latvia↗
Founded
2017↗
Support channels
Phone, Email, Help-centre↗
Pricing model
Fixed rate
Official website
luminor.lv

Loans

APR
8.85%↗
Loan amount
€500 to €25,000↗
Arrangement fee
1.50% of loan amount, min 60.00 EUR↗
Credit check
Hard↗
Funding time
Immediately after signing the loan agreement↗
Representative example
Consumer loan 5500 EUR, fixed 8.00% p.a., 40 months, 0 EUR fee, monthly payment 157.10 EUR, total repayable 6336.00 EUR, APR 8.85%↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Official income required, minimum monthly income after tax 510 EUR, Luminor current account needed to sign the loan agreement↗
Origination fee (%)
1.5%↗
Loan types
Personal, Car, Secured, Credit-line↗
Use cases
Home-improvement↗
Features
Same-day funding

Personal insurance

Insurance types
Auto, Home, Life, Travel, Income-protection, Gadget↗
Provider type
Broker↗
Monthly payments
Yes↗
Excess from
€140↗
Cover limit
Travel medical expenses up to EUR 300,000↗
Claims channels
Online form, Phone↗
Age range
Family insured with the cardholder: children and students up to 24, grandchildren up to 18 (inclusive)↗

Mortgages

Initial rate
4.1%↗
Fixed period
5 years↗
Maximum loan to value
85% to 95%↗
Product fee
€100↗
Purpose
Purchase, Remortgage↗

Robo-advisors

Account types
Corporate↗
Portfolio types
ETF, ESG↗

Facts checked September 26, 2026, 15 sources

Apps and profiles

Elsewhere
Wikidata

Pros and cons

Pros

  • A payout asked for with a waiting period in advance is free of any commission fee, and the term is unlimited.
  • Luminor Bank AS, headquartered in Latvia, keeps deposits and lending under the same legal entity.
  • Free early repayment applies to the consumer loans, and monthly payments are available.
  • Support runs on phone, email and help centre, so phone, email and a help centre are covered.

Cons

  • The headline rate of 1.85% sits below bunq at 3.01% and Wise at 3.29%, so yield is the weak point.
  • A payout with less notice than the stated waiting period costs a share of the amount plus a minimum charge.
  • The consumer loans run a hard credit check (hard) and need official income before an agreement can be signed.
Luminor Latvia

Ready to try Luminor Latvia?

Scored 8.6 / 10 by SumCue.

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Who it suits

  • Latvian residents who want an easy access deposit and can live with a variable rate.
  • Borrowers with official income who already hold a Luminor current account, which the loan agreement requires.
  • Customers who want savings, personal, car and secured and auto, home and life from a bank founded in 2017.

Who should look elsewhere

  • Savers chasing the highest easy access yield: bunq pays 3.01% and Wise pays 3.29%, both above Luminor Latvia.
  • Anyone wanting a longer lock-in at a much higher rate, since Finteres lists 0% to 36% where Luminor Latvia pays 1.85%.

How it compares on our data

On headline rate, Luminor Latvia places 350 out of 488 brands compared. On minimum deposit it sits 262 of 379. Both ranks point the same way: it does not lead on either of the measures most savings tables are sorted by.

Rates and card terms

The savings side pays a variable headline rate of 1.85% with no term attached. The lending side of the same bank runs at 8.85% APR over terms of 6 to 84. Those figures belong to different products, so the deposit rate is the one that describes what an idle euro earns here.

How Luminor Latvia compares

Where Luminor Latvia is available

Available
Estonia, Latvia, Lithuania

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does the deposit pay, and can it change?+

The deposit pays a headline rate of 1.85%, and the rate is variable, so the interest can move with the market rather than staying locked. It is an easy access account (easy access), which is why the headline figure is a flexible one. The published terms do not promise the rate holds at that level for a set period.

How much do I need to open the account?+

The minimum deposit is €10, so the account opens at a modest amount and does not ask for a large commitment on day one. Extra can be paid in as savings grow, and the account remains easy access throughout, so the balance is not locked for a set term.

When can I take my money out?+

This is an easy access account (easy access) with an unlimited term, so there is no fixed date to work around. Ask for a payout a week or more ahead and the money comes to you with no commission fee. Ask with less notice than that and a share of the amount is taken, with a minimum charge, so plan withdrawals ahead.

Is the money in the account protected?+

The deposit is held by Luminor Bank AS, a bank headquartered in Latvia. A deposit protection scheme and its limit are not set out in the account's published terms, so both are worth confirming in the account agreement before you commit a large sum. The rest of the published detail covers the rate, the minimum deposit and access.

Can the same bank lend, and what would that cost?+

Yes. The same bank offers consumer loans at 8.85% APR, for amounts of €500 to €25,000 over terms of 6 to 84, with a hard credit check (hard). An arrangement fee of 1.50% of loan amount, min 60.00 EUR applies, early repayment carries no charge, and funding lands Immediately after signing the loan agreement.

What else can I get from the same bank?+

Beyond the deposit, the insurance side operates as a broker (broker) rather than an insurer and covers auto, home and life. The bank also offers etf and esg portfolios for longer term money. Support comes through phone, email and help centre, so phone, email and a help centre are all open to customers.

How does the rate compare with other brands?+

Luminor Latvia's headline rate of 1.85% sits below bunq at 3.01% and Wise at 3.29%. Finteres publishes a wider band of 0% to 36%, so it can pay more or less depending on the account. What the low deposit here buys is access and simplicity rather than a competitive return.

Sources

Compiled from 15 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Deposit protection.

Luminor Latvia

Luminor Latvia

An easy access Latvian deposit for savers who put reachability ahead of return.

8.6/10See alternatives