Savings deposit

Savings deposit is a time deposit, what allows Client to make additional instalments if he wants to.

Starting from October 22, 2024, AS TBB pank has suspended the acceptance of term and savings deposits and the signing of deposit agreements for new clients.

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 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 200 400 000*
USD 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 200 400 000*
Interest rates for Personal Banking (private person)
EUR 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 200 400 000*

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 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 200 400 000*
USD – – 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 0,01 200 400 000*

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

Additional information

To make Savings Deposit, you have to open a bank account in TBB pank and conclude Contract for Savings Deposit in the form accepted by the bank.

Interests are calculated daily and on the basis of balance at savings account, starting with the first day of deposit and till the time when deposit expires. For additional installments bank uses annual interest rates stipulated in the Contract for Savings Deposit.

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 savings deposit agreement prematurely.

In case of premature termination of the agreement the bank transfers the deposit amount to the current account.

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