Time deposits with high yield and especially preferential interest rates.
Attica Bank provides the following Time Account. Please check it to decide if it suits your needs.
Single Term Deposits
What is this?
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.
FEATURES
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Beneficiaries
Beneficiaries of the account may be either legal entities (SA, GP, SP, LTD, NPID, NPDD) or individuals with commercial activity.
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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.
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Interest Charge
Interest income is subject to tax (currently 15%).
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Renewal
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.
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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.
Attica DOUBLE PROFIT
What is this?
3-month or 6-month Fixed Deposit, for high returns. Interest is paid monthly to your deposit account.
MAIN CHARACTERISTICS
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Minimum Deposit Amount
20,000.
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Duration
3-month or 6-month term deposit.
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Currency
Euro.
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Annual Interest Rate
Nominal annual gross fixed rate for the full term: 0.70% for the 3-month and 0.80% for the 6-month.
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Interest Payment
Monthly interest payment (Interest on deposits is subject to 15% taxation in accordance with applicable Greek law).
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Bonus
Payment of an additional amount equal to 100% of the total interest period of the deposit. That is, additional 3 months interest on the 3-month Fixed Deposit and 6 months additional interest on the 6-month Fixed Deposit. Thus, the Annual Gross Yield is 1.40% for the 3-month forward and 1.60% for the 6-month forward term, provided that no early repayment.
Attica EARLY PROFIT
What is this?
6-month or 9-month Fixed Deposit.
MAIN CHARACTERISTICS
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Minimum Deposit Amount
20,000.
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Duration
6-month or 9-month term deposit.
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Currency
Euro.
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Early Repayment
Only early repayment of the capital is allowed after approval by the Bank and in accordance with the existing legal provisions..
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Annual Interest Rate
A preferential interest rate of 1.60% for 6 months and 1.50% for a 9-month term deposit.
Monthly interest payment (Interest on deposits is subject to 15% taxation in accordance with the applicable Greek law).
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Interest Payment
Interest Payment at the beginning.
For more information
regarding the detailed conditions for the sale of these products, contact the relevant officers of the Attica Bank branch network or on the phone +30-210-3669000.