9 MONTH DEPOSIT
Product description
9-month time deposit at attractive and guaranteed interest rate during the time depositing period
Benefits for the client
• Attractive interest for a shorter depositing period
• Guaranteed interest rates during the entire time depositing period
• Possibility for balance check via e-banking service
• Safe, reliable Bank
Time depositing type and period
9months
Deposit currency
• MKD
• EUR
Minimum deposit amount
• MKD 30.000
• EUR 500
Target clients
Individuals:
• Residents, and
• Non-residents
Interest rates
Currency
|
Nominal annual |
MKD
|
2,60% |
EUR
|
4,35% |
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
The interest is calculated and paid at the end of the time depositing period and is transferred to another account where the paid interest is available for use
Time deposit renewal policy
There is possibility for automatic deposit renewal. The deposit renewal is conducted in compliance with the terms and conditions applicable on the renewal day
There is possibility for changes in the renewal request during the time depositing period, for which SB issues a document on changed terms and conditions
Disposal of the deposit and calculated interest
The client can use the deposit and calculated interest on the time depositing maturity (calendar day)
Policy of premature time deposit cancellation
The deposit can be closed before the deposit maturity at client’s request, whereat SB calculates and pays 35% of the calculated interest from the moment of deposit placement, i.e. deposit renewal, to the moment of premature closure
Authorization for the deposit
At the deposit opening or additionally, the client may authorize another person to use the deposit funds
Documentation
The client must present valid identification document (ID card or passport) during the account opening
After the account opening, the client receives:
- Deposit Agreement
- Passbook via which the changes in the deposit account can be monitored