Interest Rates on deposits, annual %
Deposit “PLUS ONE” (private person)
* If the amount exceeds the maximum specified amount, then the interest rate is set by special agreement.
To make deposit “Plus One” you have to open bank account with TBB pank and conclude Contract for Time Deposit “Plus One” in the form accepted by the bank.
Client cannot make any additional instalments to the time deposit “Plus One”. Fixed amount of deposit and annual interest rate cannot be changed within the term of the deposit.
The minimum investment is EUR 200.
The client cannot use deposited amount before expiring of Contract for time deposit “Plus One”.
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 “Plus One” 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.
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 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.
The 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