Lidion Bank lifts euro deposit rates on PickTheBank

Lidion Bank has raised selected EUR fixed-term deposit rates available through PickTheBank, with the biggest increase on the 1-year term. The change gives European savers higher returns on short- and medium-term deposits opened through the digital platform.

Why it matters: - European savers using PickTheBank now have access to higher euro fixed-term deposit rates on selected maturities. - The update may improve the appeal of cash savings products for customers looking for predictable returns in a changing rate environment. - Eligible deposits are placed with a licensed bank and protected under the applicable deposit guarantee scheme, subject to statutory limits and conditions.

What happened: - Lidion Bank, working with PickTheBank, updated its EUR fixed-term deposit rate schedule on June 29, 2026. - The new rates apply to new EUR fixed-term deposits opened under the updated schedule. - The 1-year nominal rate rose from 2.55% to 2.70%, the largest increase in the new pricing.

The details: - 3 months: 2.20%, no change. - 6 months: 2.50%, up 0.10 percentage points. - 9 months: 2.60%, up 0.10 percentage points. - 1 year: 2.70%, up 0.15 percentage points. - 1.5 years: 2.55%, no change. - 2 years: 2.60%, no change. - 3 years: 2.70%, no change. - 4 years: 2.75%, no change. - 5 years: 2.75%, no change. - banks.eu financial services comparison website listed the rate changes. - PickTheBank says eligible customers can compare deposit options, complete onboarding and apply for fixed-term deposits with partner banks. - PickTheBank provides a single digital onboarding process for customers accessing the deposit products.

Between the lines: - The biggest rate increases are concentrated in shorter maturities, which can make the offer more attractive for savers who want flexibility without locking up funds for long periods. - The update also shows how deposit platforms can package bank products into a simpler online process for cross-border customers. - Alexander Gromov, founder and CEO of PickTheBank, said many European savers are looking for predictable returns as market rates remain dynamic. - Gromov said the new rates improve the attractiveness of EUR fixed-term deposits for customers seeking simple, transparent and protected savings products.

What's next: - Customers who open new EUR fixed-term deposits through PickTheBank will receive the updated rates under the new schedule. - PickTheBank is expected to continue offering access to deposit products across currencies and maturities through partner banks. - Lidion Bank will keep offering selected fixed-term deposit products online to eligible customers through its cooperation with PickTheBank.

The bottom line: - Lidion Bank is offering a modest but broad lift in euro deposit rates, with the sharpest gain on the 1-year term, to stay competitive on PickTheBank.