Time Accounts

BUSINESS Deposits Time Accounts Single Term Deposits

Single Term Deposits


Time deposits are a source of capital for the medium to long term funding of the Bank. These accounts are based on agreements between the bank and the depositor for the deposit of a specific amount for a certain period and a certain interest rate. Their duration can be a single day or even, in some cases, surpass a year. At the end of the fixed period, the customer receives the amount deposited plus due interest. Time deposits are also offered in foreign currency.

Early Repayment:

There is the possibility of early partial or total repayment, only with the Bank's consent and approval. In no case shall the payment of a discount lead to a reduction of the capital of the initial deposit. In the cases of early repayment, the penalty interest shall be as follows:

  • The interest charge upon the deposit shall always be paid with an interest rate equal to the one currently applying to the Basic Savings Account Interest Rate (ΒΕΤ) of the Bank. In particular, the interests shall be calculated starting on the date of the deposit until the day before its expiration based on an annual mixed interest rate equal to ΒΕΤ without any collection of discount.

Interest charge:

Interest income is subject to tax (currently 15%).


Upon its expiry, the time deposit may be renewed in accordance with the instructions of the client. It may be renewed with capitalization of interest or not.

Interest Rate:

The rate is negotiable and applies to the entire amount of the deposit.. It is defined daily according to the Current Interbank rates Market.


Do not hesitate to contact us for any questions or remarks.

  • Tel.: +30-210-3669000
BUSINESS Deposits Time Accounts Single Term Deposits