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Rental savings

General

Rental savings in Halkbank a.d. Beograd enables you to have additional regular income. With this savings deposit you are entitled to monthly interest in the course of the deposit term.

Rental savings is in EUR with 6 to 36 months’ terms.

Benefits

  • No minimum amount limit
  • Opening rental savings account free of charge
  • Fixed interest rate during the term period
  • Possibility of monthly withdrawal of interest

Terms and conditions

Term period

Interest rate

on fixed-term deposit

978 - EUR (fixed, on annual level)*

Fixed-term deposits on 6 months

0,20%

Fixed-term deposits on 12 months

0,40%

Fixed-term deposits on 36 months0,70%

*Interest rates are expressed in gross amount.

The Bank calculates and pays the tax on interest income, at the expense of the owner of the deposit



Representative example

Deposit amount - 5.000,00 EUR

Tax - 15,00%

Term period

Nominal

interest rate

Total interest

accrued in EUR

Casts paid

by client

in EUR

Total amount

to be paid

to client in EUR

Effective

interest rate

Fixed-term deposit

on 6 months

0,20%

5,01

0,75

5.004,26

0,17%

Fixed-term deposit

on 12 months

0,40%

19,96

2,97

5.016,99

0,34%

Fixed-term deposit

on 36 months

0,70%104,74
15,61
5.089,13
0,60%


Questions

What documents do I need to open a rental savings account?

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


Is it possible to withdraw part of the funds?

This product has no option of partial withdrawal of funds. If you need funds before the 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 reduced by already paid interest.


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. In rental savings, tax is paid on a monthly basis, because interest is paid on a monthly basis.


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

It is not possible to pay additional funds to the rental savings account during the specific term. If you want this option, Halkbank has created a special savings model called “Add It Yourself”