# Term deposit

Term deposit is one of the most popular types of savings.

• On expiry of the deposit the amount of investment and calculated interests are transferred to the clients account. Customers are also provided with the possibility of monthly payout of interests accrued

• Term deposit can be made both in euro and foreign currency.

• Interests are accrued starting with the first day of deposit. Instalment can be made in cash or by bank transfer. Calculation of interests is based on type of currency, deposited amount and time of deposit.

• Bank gives an opportunity to roll over expired deposit into a new term deposit. In this case the deposited amount with accrued interests are prolonged for the same time according to interest rates and terms, which are valid at the moment.

• Contract for term deposit can be concluded in all branches of TBB pank and in the Internet Bank.

## Current account and debit card application

### Interest Rates on term deposit, annual %

 Currency Month Min.sum Max.sum 1 2 3 4 5 6 7 8 9 10 11 12 18 24 EUR 2.20 2.25 3.80 3.30 3.30 3.25 3.25 3.30 3.20 3.15 3.10 3.00 2.50 2.00 200 400 000* USD 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 200 400 000* Interest rates for Personal Banking (private person) EUR 2.25 2.30 3.85 3.35 3.35 3.30 3.30 3.35 3.25 3.20 3.15 3.05 2.55 2.05 200 400 000*

### Interest rates on savings deposit, annual %

 Currency Month Min.sum Max.sum 1 2 3 4 5 6 7 8 9 10 11 12 18 24 EUR 2.20 2.25 3.80 3.30 3.30 3.25 3.25 3.30 3.20 3.15 3.10 3.00 2.50 2.00 200 400 000* USD – – 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 200 400 000*

* If the amount exceeds the maximum specified amount, then the interest rate is set by special agreement.

To make a term deposit you first have to open a bank account with TBB pank and conclude a deposit agreement in the form accepted by the bank.

Calculation of interests is based on the year of 365 calendar days.

The depositor shall submit the relevant written or digitally signed application at least 30 calendar days to the bank in order to terminate the term time deposit agreement prematurely.

In case of premature termination of the agreement the bank transfers the deposit amount to the current account. Upon premature termination of the agreement the bank shall not pay any interest to the customer for the current deposit period. The bank shall deduct the interest amount paid to the customer from the deposit amount.

Due to restrictive EU measures, it is currently not possible to make deposits for residents of Russia and Belarus.

# Compensation for deposits

According to the law on a guarantee fund the money which is on clients payment and deposit accounts (further the Deposit), is protected by Guarantee fund. In case of the moratorium of bank, revocation of license on activity or initiation of bankrupt production, deposits are compensated in full, but no more, than 100 000 euros for each client in one credit institution. In addition to it the means from alienation of real estate received by the client in the amount up to 70 000 euros are compensated. Above-mentioned means are compensated within 6 months after alienation of real estate. In more detail

*Information for the depositors

# Amendments to the Income Tax Act

Amendments to the Income Tax Act will come into force on 1 January 2018, according to which income tax (20%) is imposed on the interest accrued from a deposit of the resident private person.

Bank is obligated to withhold income tax. It means that as of January 1st 2018 the Bank will declare to the Tax and Customs Board and withhold income tax from the interest accrued from a deposit at receipt of the sum of interest into your settlement account.

The changes to the law can be found here