Put idle cash to work, every single day.

Interest is calculated daily on the cleared balance held in each vault. The daily amount is your balance multiplied by the gross annual rate divided by 365 (366 in a leap year). That figure accrues each day and is credited to the vault the following day, where it joins your balance and begins earning interest itself. This is what we mean by paid daily and compounded — you are not waiting until the end of the month to see your money grow.

Because accrual starts from the first full day your deposit is cleared, even short stays earn. Move €2,000 into an easy-access vault for ten days and you keep ten days of interest when you move it out again. There is no “qualifying period” and no minimum holding time on variable vaults.

For fixed-term deposits, the rate is locked at the moment you open the vault and is guaranteed for the whole term regardless of what happens to rates in the wider market. Interest still accrues daily; depending on the tier you can choose to have it paid into the fixed vault to compound, or swept to your current account so you can spend it as income.

• Daily accrual on the cleared balance, credited the next day.
• Compounding is automatic on variable vaults and optional on fixed terms.
• Gross rate is the rate before any tax; AER reflects annual compounding.
• You can watch interest tick up in real time in the vault detail view.

Fixed-term deposits suit money you know you will not need for a while. In exchange for committing for a set period — three, six, twelve or twenty-four months — you receive a higher rate than easy-access, and that rate is guaranteed for the full term. If market rates fall the day after you open, your rate does not move; you keep what you locked in.

Larger and longer deposits earn more. The 24-month tier carries our top rate of 5.2% AER. When a fixed term matures, the balance plus accrued interest lands back in your easy-access vault automatically — there is no automatic roll-over into a new lock-up unless you choose one, so your money never gets quietly trapped at a rate you did not pick.

You can hold several fixed terms at once and ladder them — for example three 12-month deposits opened a few months apart — so that a portion of your savings becomes available at regular intervals while the rest keeps earning the higher fixed rate.

Early withdrawal from a fixed term is possible but reduces the interest you earn on the amount taken out; the exact effect is shown before you confirm. The remainder of the deposit keeps its locked rate.

Sezvo is a brand of UAB Aušra Pay, an electronic money institution (EMI) authorised and supervised by the Bank of Lithuania and passported across the EEA. As an EMI rather than a traditional bank, the money you hold with us is protected primarily through safeguarding: customer funds are held separately from our own operating capital, in segregated accounts or equivalent arrangements, in line with the EMI rules. If anything were ever to happen to the company, those funds are ring-fenced for customers and are not available to our creditors.

Separately, where funds qualify, eligible deposits are protected up to €100,000 per person under the applicable deposit guarantee scheme. The two protections work differently: safeguarding keeps your money segregated at all times, while the deposit guarantee is a backstop that can compensate eligible depositors up to the limit. We think it is important to be straight about which is which rather than borrowing the language of a high-street bank.

• Customer funds safeguarded and segregated under EMI rules.
• Eligible deposits protected up to €100,000 under the deposit guarantee scheme.
• Regulated and supervised by the Bank of Lithuania (BIC/SWIFT OCENLT22).
• Accounts use Lithuanian (LT) IBANs, recognised across the EEA.

Savings vaults are cash, not investments — your capital is not at risk from market movements. Other Sezvo products, such as investing and the self-custodial crypto wallet, carry their own risks: investing puts your capital at risk, and crypto assets are unregulated and volatile.

Interest earned on savings is generally treated as taxable income, and how it is taxed depends on where you are resident and your personal circumstances. Some countries offer tax-free allowances on savings interest; some require you to declare it yourself; some apply withholding at source. Sezvo does not deduct tax from your interest on your behalf, so in most cases the responsibility to report and pay sits with you.

To make that straightforward, your account includes a clear, downloadable annual interest statement showing exactly how much you earned across every vault, plus a full transaction history you can export at any time. If your tax authority needs the figures, they are a couple of taps away.

This is general information, not tax advice. Rules change and vary by country and by individual. If you are unsure how savings interest is taxed in your situation, please speak to a qualified tax adviser or your local tax authority.