Time deposit "Plus One" is a privileged deposit for private customers older than 55 years and young people up to the age of 25, people with disabilities.
To make deposit "Plus One" you have to open bank account with Tallinn Business Bank and conclude Contract for Time Deposit "Plus One" in the form accepted by the bank.
The advantage of deposit "Plus One" is a special annual interest rate. Annual interest rate is 1% higher than standard annual interest rate for time deposit fixed by the bank for the same currency and period of investment.
On expiry of deposit, the amount of investment and calculated interests are transferred to the clients account.
Customers are provided with the possibility of monthly payout of interests accrued for a time deposit.
This deposit can be made in Estonian Kroons or foreign currency. Client cannot make any additional instalments to the time deposit "Plus One".
Minimum investment is EEK 2 000 or equivalent in foreign currency fixed by the Bank.
"Plus One" deposit may be made for 9, 12,18 or 24 months.
Fixed amount of deposit and annual interest rate cannot be changed within the term of the deposit.
Calculation of interest rate is based on type of currency, deposited amount and time of deposit. Calculation of interests is based on the year of 365 calendar days.
Client cannot use deposited amount before expiring of Contract for time deposit "Plus One".
The Client is obliged to inform in writing Tallinn Business Bank at least 30 days in advance about cancellation of Contract for time deposit "Plus One". If deposit was cancelled prior to the term the Bank has right not to pay interests accrued for the deposit.
Contract for Time Deposit "Plus One" can be concluded in all branches of Tallinn Business Bank.