Fixed-term deposit means keeping in the bank a specific amount of money as determined on the day of making the deposit agreement and the possibility to monthly increase your income with the interests paid by the bank for the amount kept.
Conditions of fixed-term deposits:
• Fixed-term deposits are accepted in euros, USD or Great Britain pounds;
• Minimum amounts of fixed-term deposits: 100 euros, 100 USD or 100 GBP;
• Interests are paid for fixed-term deposits; they can be cashed out at the bank’s cash desk or transferred to another account: each month (for previous calendar month), every three calendar months, at expiry of the deposit agreement.
Annual interest rates for fixed-term deposits (%) for private persons are as follows:
|Term in Days||Term in Months||EUR||USD||GBP|
|1800- ir <||60- ir <||1.1||0.9||0.8|
Amount of fixed-term deposit cannot be increased with additional contributions or returned in portions.
If you do not arrive to the bank at expiry of fixed-term deposit agreement, the deposit agreement shall be automatically extended for the same period and at annual interest rate applied by the bank on the day of the extension. You have the possibility to indicate conditions of extension of fixed-term deposit in advance: to extend an expired deposit only for the deposit amount or for deposit amount and accrued interests. When the agreement does not additionally specify the extension conditions, it will be extended for the amount of the fixed-term deposit and interests will be kept in the bank until a separate direction from you.
A fixed-term deposit account can be opened by:
- A person on his / her own behalf;
- A person on behalf of other person or acting as agent of other person under a power of attorney confirmed by notary public.
How Fixed-Term Deposit Account Can Be Opened?
To open a fixed-term deposit account, you should visit your nearest client servicing divisions or branch. It is necessary to have all the documents
necessary for opening a bank account.
Setting of deposit (making of deposit agreement) can also be done via the Internet banking system.