Deposits

It's an excellent combination of a short term deposit with the high interest of a long term deposit.

With the "6x6" term deposit you receive additional interest for every new period for which you renew your deposit. In the meantime you do not lose the interest accrued over the preceding period should you choose to terminate the deposit prematurely.

Deposit Features:

Currencies
ALL, SAR, USD
Minimum Amount
SAR 200 or equivalent in other currencies
Terms
minimum: 6 months
maximum: 3 years
Period of interest payment
every 6 months
Interest Rate– yearly basis
For the first 6 months period, the interest rate is the same to the interest rate for a regular six months deposit in the respective currency, in accordance with the effective bulletin of the bank.
For every consecutive 6 months period, the client will receive an additional 0.3% yearly basis interest for the deposits in ALL, 0.15% and 0.10% respectively for the deposits in SAR and in USD
Interest Payment
Depending on the customers preference, at the end of each six months period, the amount of interest can be paid
- in the current account of the customer
or
- added to the principal
Can you decrease the principal?
The customer cannot decrease the principal at the end of each 6 months.
The decrease of the principal is considered as a breaking of deposit and for the remaining amount should be signed a new contract according to the terms and conditions of the bank in that moment.
NOTE
Offshore Reserve, shall not release deposit account booklets. The document that the bank provides for the client is the contract as per the respective product chosen by the client.

The Deposit in Offshore Reserve is insured for the amount up to 2.500.000,00 (two million and five thousand) Lek by the Deposits Insurance Agency according to provisions of Law no. 53/2014, date 22.05.2014 "On the Deposits' Insurance".

Deposit Interest Rates:

"6x6" Product Interest in %
ALL SAR USD
Interest of "6x6" deposit for the first 6 months According to the actual Bulletin According to the actual Bulletin According to the actual Bulletin
Additional interest each 6-months, beginning from the second 6-months,c ompared with the previous 6-months + 0.3% + 0.15% + 0.10%