Placement of deposit
Based on the company’s written instruction, time deposits can be placed in the currency (USD, CHF, GBP, CAD, SEK, JPY, EUR) of your company’s FOREX account.
Types of deposits
The bank offers various fixed rate deposits, adjusting them to the needs of your company. Fixed rate interest remains unchanged during the term.
Interest paid on deposits
The prevailing interest rates applicable to time deposits are published in the List of Business Terms and Conditions
The interest paid on the deposit depends on
- the amount of the deposit and
- the term of the deposit.
The first day of interest calculation is the start date of the placement of the deposit and the last interest day is the day preceding the maturity date of the deposit. The interest earned on the fixed deposits is settled at the maturity date (renewal date) of the deposit.
