Special conditions in savings months
Special conditions in savings months
Adriatic Bank has prepared an action to increase interest rates on deposits of physical persons in period from 2 November 2021 to 1 January 2022. It refers to those deposits that are termed for a period longer than 12 months and a period longer than 24 months, in individual amounts less than EUR 100,000, under the following conditions:
Term savings in euros up to 100.000-current conditions
From 13 up to 24 months: 2,50%
Over 24 months: 2,90%
Conditions of the action (02.11.2021 -01.01.2022)
From 13 up to 24 months: 2,60%
Over 24 months: 3,00%
Interest rates on term deposits higher than 100.000 EUR, are contracted separately for every individual case.
Representative example
Result of informative calculation on 02.11.2021.
Term deposit date: 02.11.2021.
Term expiry date: 02.12.2023.
Term deposit duration: 25 mjeseci
The amount of initial fund: 20.000,00
Method of interest payment: Upon maturity
Calculation overview:
Total amount of calculated interest: 1.269,61
Personal income tax – residents 9% including surtax on tax of 15%: 131.4
Total interest amount to be paid to the user: 1.138,21
Total amount at the end of period: 21.138,21
Effective interest rate: 3,00%