Private Clients > Accounts and Settlements > Interest Calculation

TERMS AND CONDITIONS FOR INTEREST CALCULATION FOR THE BANK ACCOUNTS OF PRIVATE CUSTOMERS

Calculation of interests is based on considering the average balance of the current account, type of currency and the annual interest rate.

Annual interests shall be paid on current account, which are calculated from the daily average balance .

Interests for accounts in the Euro are paid out monthly, on the last day
of the month, by transfering the interest amount into the customers account with the Bank.

Interests for accounts in foreign currency are paid out on the last banking day of the year by transfering the interest amount into the customers account with the Bank.

Interests are calculated on the basis of the 365-days year.

When account is closed, interests smaller than 0.64 EUR shall not be paid out to the client.

Annual interest rates are calculated for each currency separately.