Adriatic fixed term savings

Adriatic fixed term savings

All citizens who want to achieve the best relation between safe and profit, with the most favorable interest rate.
Adriatic fixed term savings is a savings scheme under which funds are kept on a savings account for the duration of an agreed term. 
During the term, which ranges from 3 to over 24 months, interest is accrued on the deposit following the agreed term, the client may withdraw the entire balance or rollover for a new term.

Adriatic fixed term savings can be made in euros or other currencies, such as USD, CHF and GBP.

Benefits of fixed term savings

  • favorable interest rate;

  • security of the role;

  • client need not visit the bank for a deposit rollover;

  • Possibility to dispose of interest after maturity of the deposit;

  • option to use deposit as a loan security under the most favorable interest rate;

One can withdraw from a term deposit before maturity, only with Bank consent and following the client’s request in writing.

If the client does not cancel his savings agreement within not later than 3 days of the date of term expiry (prolongation term), the Bank will rollover the term deposit for the same term on the terms applicable on the date of rollover.

On the maturity date, interest accrued is added to the previous deposit or transferred onto the selected current account.

Fixed term savings interest rates, for deposits in euros up to € 100,000.00

From 3 to  6 months

1,00%

From 7 to  12 months

2,20%

From 13 to  24 months

2,50%

Over 24 months

2,90%

 Interest rates on term deposits higher than EUR 100,000 are agreed separately for each individual case.

 

Fixed term savings interest rates, for deposits in other currency (US dollars, GBP, CHF)

Deposit value

Maturity

6 months

12 months

18 months

24 months

Interest rate

Interest rate

Interest rate

Interest rate

from 1.000 USD

0,10%

0,30%

0,40%

0,60%

from 1.000 GBP

0,001%

0,001%

0,001%

0,001%

from 5.000 CHF

0,001%

0,001%

0,001%

0,001%

* Interest rate for all deposits are presented at the annual level

  • Representative example: On a deposit with an initial funds of EUR 50,000 term for a period of 13 months, the nominal annual interest rate is 2.5%. The effective interest rate is 2.5%. The interest rate does not include income tax, which the user pays in accordance with the Law on Personal Income Tax and which amounts 9% for residents. The total amount that the user will receive after the expiration of the term deposit period is EUR 51,213.55, and consists of principal (EUR 50,000), interest (EUR 1,213.55), and is reduced by the amount of taxes and surtaxes (EUR 140.10).
  • If the client has more than one term deposit in Adriatic Bank, the interest rate for a new term deposit will be determined depending on the total amount of the client's term deposits and in accordance with the current interest rates that would apply to the total amount of the deposit.
  • Adriatic Bank is the member of Deposit Protection Fund