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FCY time deposits


“12/13” Time Deposit

Product description

• The client invests funds in time deposit on 12 months with fixed interest rate for the time depositing period, and SB calculates interest for one additional month, the 13 th month. 
• Interest for the 13 th month is paid to the client when the time depositing period expires, i.e. along with the payment of interest for the 12 th month.

When placing funds on time deposit, the client has the possibility to choose:

• Deposit WITH capitalization of interest. The calculated monthly interest is accumulated to the basic deposit, by which, at end of the
time depositing period, higher interest is received. Or
•  Deposit WITHOUT capitalization of interest – the monthly calculated interest amount is transferred to another account

Benefits for the client

•  Regular income, not only for 12 months, but for 13 months, i.e. bonus interest for an extra month is calculated 
•  Competitive and attractive interest rates
•  Guaranteed interest rates during the time depositing period 
•  Safe and reliable Bank, Bank of trust

Time depositing type and period Time deposit placed on 12 months with interest income for 13 months

Deposit currency

•  EUR

Minimum deposit amount

•  EUR 500

Target clients


  • Residents, and
  • Non-residents

Interest rates


The interest rates are fixed and guaranteed for the time depositing period.

Stopanska Banka, in accordance with the current legislation, regularly announces the current annual rates of total costs on the web site, bank counters and through the media

Interest calculation

WITH capitalization

Interest is capitalized to the deposit, and the accumulated interest amount remains in the time deposit account which increases the interest-bearing capital on a monthly basis. 
In this case, the client has the interest at disposal the following day after the expiry of the 12 th month

WITHOUT capitalization

SB calculates interest monthly and transfers it to another account every month. 
In this case, the client has the interest at disposal the following day after interest calculation for the concrete month.

Time deposit renewal policy

When concluding the agreement, the depositor declares on:

•  Renewal of the time deposit principal (for deposits WITHOUT capitalization) 
•  Renewal of the time deposit principal and interest (for deposits WITH capitalization) 
•  No time deposit renewal 
(with possibility to change the decision during the time depositing period) 
The time deposit renewal is made under conditions applicable on the date of time deposit renewal

Policy of premature time deposit cancellation

The depositor may cancel the agreement even prior to the expiry of the time depositing period, and SB calculates and pays sight interest from the moment of placing funds on time deposit, i.e. time deposit renewal, until the moment of premature cancellation of the agreement.