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Term deposits for a period

General

Halkbank a.d. Beograd offers you the opportunity to place your available foreign exchange funds into savings in EUR and USD, with term periods from 3 to 36 months on stimulated interest rates. Interest is paid upon expiry of the term period.

It is possible to have an automatic extension of funds on the interest rate applicable on the day of extension, with no need for you to go to the Bank.

Benefits

  • There is no minimum deposit amount
  • Opening a term deposit account is free of charge
  • In case of withdrawal of funds before the expiry of the agreed term, the Bank will calculate and pay interest on foreign exchange deposits accrued until the moment of withdrawal
  • Fixed interest rates during the deposit term
  • Automatic extension of the agreement for the period corresponding to the initially agreed term

Terms and conditions

Term period

Interest rate on term deposits

978 - EUR

(fixed p.a.)*

Interest rate on term deposits

840 - USD 

(fixed p.a.)*

Sight deposits

0,00%

0,00%

Fixed-term deposits on 3 months

0,10%

0,10%

Fixed-term deposits on 6 months

0,20%

0,20%

Fixed-term deposits on 12 months

0,40%

0,40%

Fixed-term deposits on 24 months

0,70%

0,70%

Fixed-term deposits on 36 months

0,70%

0,70%

For the deposit in the amount over EUR 10.000,00 (12,24 and 36 months)
by agreementby agreement

* 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 order.


Representative example

Deposit amount - 5.000,00 EUR

Tax - 15,00%

Term period

Nominal interest

rate

Total interest

accured in EUR

Costs paid

by client 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

5.004,26

0,17%

Fixed-term deposit on 12 months

0,40%

20,00

3,00

5.017,00

0,34%

Fixed-term deposit on 24 months

0,70%

70,24

10,54

5.059,70

0,60%

Fixed-term deposit on 36 months

0,70%

105,80

15,87

5.089,93

0,60%


Deposit amount - 5.000,00 USD

Tax - 15,00%

Term period

Nominal interest

rate

Total interest

accrued in USD

Costs paid

by client in USD

Total amount

to be paid

to client in USD

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

5.004,26

0,17%

Fixed-term deposit on 12 months

0,40%
20,00
3,00

5.017,00

0,34%

Fixed-term deposit on 24 months

0,70%
70,24

10,54

5.059,70

0,60%

Fixed-term deposit on 36 months

0,70%
105,80
15,87

5.089,93

0,60%


Questions

What documents do I need to open a term-deposit account?

You need only your 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 accrued until the withdrawal.


When is tax on investment income paid?

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


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

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