Children’s Savings in RSD

Deposit Basic Features:


Deposit typeDeposit in RSD with interest calculated and
accrued upon maturity – Children’s savings
Amount of depositRSD 5.000,00 RSD minimum
Deposit CurrencyRSD
Indexation CriteriaNo indexation
Interest rate (NIR-nominal interest rate
and EIR-effective int.rate)
Fixed on annual basis
Charges born by the client which are recognized
in the moment of publishing, to be applied in EIR calculation
Free of charge
Charges born by the client –
not recognized in the moment of publishing
No additional charges


Children’s Savings Terms as of 9.4.2018

Deposit Time6 months12 months
Interest Rate p.a.3.25%3.75%
EIR3.25%3.75%

 

 

 


 


Children’s Savings Terms as of 17.4.2020

Deposit Time6 months12 months
Interest Rate p.a.3.00%3.50%
EIR3.00%3.50%

 

Deposit cancellation before deposit maturity

In case that the client submits his request for deposit cancelation before maturity, the Bank will pay the deposit amount with interest calculated until the moment of cancellation, by application of the fixed nominal interest rate for sight deposits

Automatic Time Deposit Renewal

At least 15 days prior to time deposit’s expiration the Bank shall inform the Depositor on terms of deposits renewal with the same period and with interest rate valid on the renewal date. The Depositor is entitled to terminate the Deposit Contract within the period of 30 days from reception of Bank’s notice.

Unless the Depositor terminate the Deposit Contract in 30 days from reception of Bank’s notice, the Deposit shall be considered as automatically renewed for the same period and with the interest rate stated in the Bank’s notice.

Time Deposit may be renewed with or without interest.

Deposit Insurance

ALTA banka complies with the mandatory deposit insurance system governed by the laws of the Republic of Serbia.

Detailed information available at www.aod.rs.

+381 11 2205-671
+381 11 2205-672