Annuity Savings
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About savings
Annuity savings is a form of term savings in EUR that enables the payment and disposal of interest during the term deposit period, as additional regular income. Depending on needs and wishes, it is possible to choose the interest payment schedule, which can be paid for the entire term deposit period, monthly, quarterly, semi-annually or annually, as per the contract. The term deposit period is determined by the Client at one’s own discretion.
How does annuity savings work?
- At the beginning of the term deposit, the Client deposits the desired amount into a separate savings account
- During the term deposit, interest is paid into your transaction account at agreed intervals
- After the term deposit expires, the Client is paid the principal, and during the term deposit the Client enjoys regular interest income
Maturity (months) | Interest Rate for Amounts up to 25,000 EUR |
|---|---|
3 Months | 0.50% |
6 Months | 0.90% |
12 Months | 1.40% |
24 Months | 1.90% |
36 Months | 2.20% |
For term deposits for a term over 36 months or amounts over EUR 100,000, the interest rate may be different from the one listed in the table and will be negotiated for each specific case.
Payment before the expiry of the agreed term is possible only in exceptional circumstances with the consent of the Bank's Management Board.
The Bank is a member of the Deposit Protection Fund.
Deposit Protection Fund: http://www.fzdcg.org/