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Advance payment of interest

General

If you want to make use of interest at the moment of placing the term deposit funds, Halkbank has created for you a savings model with advance payment of interest.

With a minimum deposit of EUR 500 you can place term deposits on 3, 6 and 12 months.

Benefits

  • Interest available at the moment of placing the term deposit funds
  • Minimum deposit of EUR 500

Terms and conditions

Term

Interest rate on term deposits

978 - EUR

(fixed, p.a.)*

Fixed-term deposit

on 3 months

 0,10%

Fixed-term deposit

on 6 months

 0,20%

Fixed-term deposit

on 12 months

 0,40%

  • *Interest rates are in gross amounts
  • The Bank calculates and pays tax on interest income, charging the depositor


Representative example

Deposit amount - 5.000,00 EUR

Tax - 15,00%

Term period

Nominal

interest rate

Total interest

in EUR

Costs paid

by client (tax)

in EUR

Total amount

to be paid to client

in EUR

Effective

interest rate

Fixed-term deposit on 3 months

 0,10%

 1,24

0,19

 5.001,05

 0,08% 

Fixed-term deposit on 6 months

 0,20%

5,01

0,75

5.004,24

 0,17%

Fixed-term deposit on 12 months

 0,40%

20,00

3,00

5.017,00

 0,34%


Questions

What documents do I need to open a savings account?

You need only an ID document – either ID card or passport.


Is it possible to withdraw part of funds?

This product has no option of partial withdrawal of funds. If you need funds before expiry of the term period you can withdraw the total amount and Halkbank will calculate and pay interest at the rate applicable for foreign exchange savings deposits.


When is tax on investment income paid?

Tax on investment income is paid by the bank on behalf of the client when interest is paid out.


Is it possible to pay additional funds to the term-deposit account?

With advance payment of interest it is not possible to pay additional funds to the savings account during the specific term. If you want this option, Halkbank created a special savings model called “Add It Yourself”.