Savings deposits

Open a new savings deposit for each of your wishes

  • Save money for holidays, weddings, children’s hobbies or even as capital for investments.
  • Save each month – you will gather the necessary amount without even noticing it while earning interest as well.

Calculate how money is saved

Monthly amount
Deposit period

Calculation on the basis of principal increase Interest added according to deposit period

Saved in total:
€
Open savings deposit

What is a savings deposit?

Savings deposit is a flexible way of saving and growing money. The deposit term is 6, 9 or 12 months and the interest rate depends on the deposit term, not the amount.

You can add money to your savings deposit during the entire deposit term and it is easy to do by setting up a standing order or defined payment. The standing order for your savings deposit is free of charge. Any added money will start earning interest from the day it is received in the deposit.

Who is suitable for?

It is suitable for clients who cannot deposit a large lump sum, but wish to save some money every month and earn some interest. A savings deposit can be used to save money for holidays, weddings, children’s hobbies or even as capital for investments.

Interest rates of savings deposit

Period EUR USD
6 months 0.01 0.10
9 months 0.01 0.25
12 months 0.02 0.40

Interest rate is presented on a basis of accounting year (360 days). Interest is calculated for the actual deposit days.

  • You can open the deposit in euros or US dollars.
  • The deposit term is 6, 9 or 12 months. You can extend your deposit for the same period of time upon its expiry.
  • The interest earned on your deposit is transferred either to your current account or deposit account, as instructed by you.

  • What is the difference between a savings deposit and term deposit?

    The first payment made into a savings deposit is smaller than it is for term deposits (at least 6 euros or 100 US dollars). You can also make extra payments during the entire deposit period, which will start earning interest as soon as they are received in the deposit account.

    The first payment into a term deposit must be at least 190 euros or its equivalent in any other currency. You will define the deposit amount when you enter into the contract and you cannot change it during the term of the deposit.

    Savings deposit is a reasonable choice if you wish to deposit a small amount every month. Opening a new term deposit every month does not always guarantee the best interest rate for you.

  • Who is a savings deposit suitable for?

    • It is suitable for clients who cannot deposit a large lump sum, but wish to save some money every month and earn some interest. A savings deposit can be used to save money for holidays, weddings, children’s hobbies or even as capital for investments.
    • Savings deposit is a good option for saving. For example, you can pay more money into your savings deposit during its term if you are planning to purchase something big in about a year.

  • How can I close the deposit?

    Clients can close their deposits at any time by terminating the deposit contract in the Internet or telephone bank or at any branch of the bank. The bank does not pay any interest if the client terminates the contract before the expiry of the deposit term. The bank will withhold the interest that has already been paid out from the deposit amount transferred to the client’s account.

  • How will money be paid into my account when the deposit term expires?

    The bank will transfer the deposit amount and interest to the client’s current account on the expiry date of the contract, unless automatic extension of the deposit has been selected by the client.

  • How do I increase my savings deposit?

    Setting up a standing order is the easiest option. We advise you to set up a standing order if your outgoings are the same every month and you always wish to deposit the same amount. The bank will then transfer the requested amount to your deposit account free of charge on the date defined by you.

    Use defined payments if you wish to pay money into your deposit on dates selected by you. Save the details of your deposit account as a defined payment and you will save time in the future as the payment order is already pre-populated when you make payments. You can change the amount you transfer at any time.

  • How can I extend my savings deposit?

    Clients can select the option of automatic extension of their deposits when they enter into deposit contracts. This means that the deposit will be automatically extended after the expiry of the deposit term and clients will not have to worry about their money not being in a deposit and earning money. Clients have the right to amend the automatic extension instruction by changing the terms and conditions of the contract in the telephone or Internet bank or at any branch of the bank.