Savings deposit

A flexible way to accumulate your savings.

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

 On expiring of time of deposit, sum of deposit will be transferred to bank account of client in TBB pank. On Clients request, interests accrued may be transferred into the Clients current account each month (only for deposit in EUR) within the whole period the Contract for Savings Deposit is in effect

 According to the agreement with the bank special, higher than standard, interest rates may be available for deposits over 64 000 EUR or its equivalent in foreign currency

 Minimum investment for the first instalment is 200 EUR or its equivalent in foreign currency fixed by TBB pank. Additional installments within the time of deposit for amount over 7 EUR can be made in cash or by bank transfer. Number of installments is not limited

 Time of deposit varies from 3 months to 3 years (36 months)

 The Client can order an automatic prolongation of deposit for the same period of time and for interests and terms, which are valid at the moment of prolongation

 Contract for Savings Deposit may be concluded in all branches of TBB pank and in the Internet Bank

Interest Rates on deposits, annual %

Term Deposit

Currency Month Min. summa
1 2 3 4 5 6 7 8 9 10 11 12 18 24 36
EUR 0.10 0.10 0.15 0.15 0.15 0.15 0.20 0.20 0.25 0.30 0.30 0.35 0.50 0.60 0.75 200
Interest rates for Personal Banking
EUR 0.10 0.15 0.25 0.25 0.25 0.35 0.30 0.30 0.35 0.40 0.40 0.50 0.80 0.90 1.00 200

Savings Deposit

Currency Month Min. summ
3 4 5 6 7 8 9 10 11 12 18 24 36
EUR 0.30 0.30 0.60 0.60 0.60 0.65 0.80 0.90 0.90 1.00 1.30 1.50 1.70 200

Deposit “PLUS ONE”

Month
Currency 6 9 12 18 24 36 Min.summ
EUR 1.15 1.25 1.35 1.50 1.60 1.75 200

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. 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.

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