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Special conditions in savings months
Adriatic Bank has prepared an action to increase interest rates on deposits of physical persons in period from 2 November 2021 to 1 January 2022. It refers to those deposits that are termed for a period longer than 12 months and a period longer than 24 months, in individual amounts less than EUR 100,000, under the following conditions:
Term savings in euros up to 100.000 | From 13 up to 24 months | Over 24 months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Current conditions | 2,50% | 2,90% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Conditions of the action (02.11.2021 -01.01.2022) | 2,60% | 3,00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rates on term deposits higher than 100.000 EUR, are contracted separately for every individual case. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Representative example
Result of informative calculation on 02.11.2021. | ||||
|---|---|---|---|---|
Term deposit date: | 02.11.2021. | |||
Term expiry date: | 02.12.2023. | |||
Term deposit duration: | 25 mjeseci | |||
The amount of initial fund | 20.000,00 | |||
Method of interest payment | Upon maturity | |||
Calculation overview | ||||
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 |
25 m | 20.000,00 | 1.138,21 | 3,00% | 21.138,21 |
Total amount of calculated interest | 1.269,61 | |||
Personal income tax – residents 9% including surtax on tax of 15% | 131.4 | |||
Total interest amount to be paid to the user | 1.138,21 | |||
Total amount at the end of period | 21.138,21 | |||
Effective interest rate | 3,00% | |||