Progressive deposit
Progressive deposit is a deposit product that offers the appreciation of free funds with an increasing interest rate over a period of 6 months or 1 year, with the option to withdraw the entire deposit early without penalties at the end of each 2-week or 1-month interest period, during which interest is also paid to the client.
Guaranteed interest yield paid periodically, subject to withholding tax
Higher returns than a current account balance
Available in EUR, USD currencies
Maturity from one day to 365 days
Increasing interest rate
The deposit is protected by the Deposit Protection Fund
Periodic availability of funds every two weeks or month
The transaction is concluded by phone
The product is intended for clients who:
- have available funds but want to have the funds continuously available if needed
- require a higher interest yield than a current account
Conditions for concluding a transaction
- signed a Request for trading with the Bank
- minimum amount of 100 000 EUR (or equivalent in USD)
- current account in the deposit currency and sufficient coverage in the account on the deposit start date
- agree to trade between 8:30 AM – 4:00 PM
- interest is calculated on an actual/365 basis
www.tatrabanka.sk | Dialog: *1100 | Tatra banka a.s.
https://www.tatrabanka.sk/en/business/financial-markets/progressive-deposit/
https://www.tatrabanka.sk/en/business/financial-markets/progressive-deposit/