Product description
For all clients who want to achieve the best relationship between security and profit, while reaching the most favorable interest rates.
Adriatic fixed term savings is a savings with limited duration.
During this period, which can be from 3 months to over 24 months, interest is accrued on time deposits, and after the expiration of the agreed period, the user can withdraw the full amount or opt for a new term period.
Term savings can be in euros, but in other currencies, such as the US dollar (USD), the Swiss franc (CHF) and the British pound (GBP).
Advantages of fixed term savings
- Favorable interest rates
- Pledge safety
- The client does not have to come to the bank if he/she wants to re-deposit the funds
- Possibility of interest disposal upon maturity of fixed term savings
- Possibility of approving the loan on the basis of a time deposit under the most favorable conditions
Termination of fixed term savings
Adriatic fixed term savings can be terminated before the expiry of the agreed term, but only with the consent of the Bank and at the written request of the client.
If the owner of the savings deposit does not cancel the Term Savings Agreement no later than 3 days after the expiry of the term deposit (prolongation period), the Bank renews the term deposit on the same agreed term, but under the conditions valid on the day of term renewal.
On the maturity date, interest is credited to the previous deposit or transferred to the selected current account.
Fixed term savings in euros up to 100.000€
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 fixed term deposits higher than 100.000 EUR are specially agreed for each individual case.
Adriatic fixed term savings - details of informative calculation (EUR)
Result of informative calculation on 15.12.2020 | ||||
|---|---|---|---|---|
Term deposit date: | 15.12.2020 | |||
Term expiry date: | 15.12.2021. | |||
Term maturity: | 12 months | |||
The amount of initial fund | 20.000,00 | |||
Method of interest payment | Upon maturity | |||
Period | Initial amount | Total calculated interest decreased for the amount of personal income tax – residents 9% and surtax on tax of 15% | Interest rate | Total balance |
12 m | 20.000,00 | 394,37 | 2,20% | 20.394.37 |
Total amount of calculated interest | 439,90 | |||
Personal income tax – residents 9% including surtax on tax of 15% | 45.53 | |||
Total interest amount to be paid to the user | 394,37 | |||
Total amount at the end of period | 20.394,37 | |||
Effective interest rate | 2,20% | |||
Fixed term savings in other currencies (USD, GBP, CHF)
Deposit value | Interest for period as of: | |||
|---|---|---|---|---|
6 months | 12 months | 18 months | 24 months | |
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% |