MAIN CHARACTERISTICS
•Savings deposit is a money deposit in domestic or foreign currency which client places on his savings account
Models of savings
•Sight savings –A vista
•A vista plus (min balance 1.000 € or 2.000 $)
•Fixed-term savings
•Cumulative savings
•Children savings ‘Mravac’ – cumulative savings
•Annuity savings
Interest availability
•One time – at maturity date added to the deposit, paid out to a client or transfered on current account
•Multiplied (so called – annuity) – monthly transfer on the current account
•On EUR deposits Bank approves interest in EUR
•On foreign currency deposits bank approves interest in foreign currencies, paid out interest in foreign currencies or in EUR i.e. according to the requirements of client
Savings deposit availability – after expiring of fixed-term deposit or after premature agreement break up
•Paid out in cash, or
•Transfer to a current account
Advantages
•Competitive interest rates
•Possibility of arranging of stimulant interest rate on higher deposit amounts
•Possibility of getting Lombard loans based on fixed-term deposit collateral
•Possibility of automatic fixed-term deposit renewal
•Possibility of monthly interest availability
SIGHT SAVINGS –A VISTA
Main characteristics
Model of savings which enables constant availability of funds by using of Savings book.
Savings book may be opened:
•On name of (adult person, child with legal representative)
Advantages
•Competitive interest rates
•Constant availability of funds
•Minimum of required balance account is not required
Fixed-term savings in EUR
| Deposit amount | 3 months | 6 months | 12 months | 24 months | 36 months |
| Up to 5.000€ | 3,00 | 3,80 | 6,00 | 6,10 | 6,20 |
| 5.001 – 50.000 | 3,40 | 4,20 | 6,40 | 6,50 | 6,60 |
| Over 50.000 | 3,80 | 4,60 | 6,80 | 6,90 | 7,00 |
NOTES
Funds disposal by:
•Owner of Savings book / account
•Authorized persons
•Legal representatives
Charges
•Opening of the savings account – free of charges
•Issuing and replacement of the Savings book per account – 3,00 €
Charges are determined in accordance to the Decision on Bank’s tariffs
Interest rates
•Interest rate on funds at sight in EUR – 0.75% p.a.
•Interest rate on funds at sight in USD – 1.00% p.a.
•Interest rate on funds at sight in other foreign currencies (AUD, CAD, CHF, GBP) – 0.40% p.a.
SIGHT SAVINGS –A VISTA PLUS
Main characteristics
A VISTA PLUS is a model of savings with higher interest rate than A VISTA model which enables constant availability of funds. It may be opened:
•In EUR – minimum of required balance of 1.000 €
•In USD – minimum of required balance of 2.000 $
Funds may be deposited on account by:
•Depositing of cash, or
•By transferring funds from another account.
Advantages
•Higher interest rate than a-vista interest rate with constant availability of funds
Notes
•A VISTA PLUS required balance account must be minimum 1.000 €
•In case of balance reducing below minimum amount account must be settled
•Interest rates are variable
Charges
•Opening of the savings account – free of charges
•Issuing and replacement of the Savings book per account – 3,00 €
Charges are determined in accordance to the Decision on Bank’s tariffs
Interest rates:
Interest rates are determined in accordance to the Decision on Bank’s interest rates
•Interest rate on funds at sight in EUR – 1.00% p.a.
•Interest rate on funds at sight in USD – 1.10% p.a.
Fixed-term savings in USD:
| 3 months | 6 months | 12 months | 24 months | 36 months |
| 2,80 | 3,20 | 3,70 | 4,60 | dogovor |
Fixed-term savings in other currencies: AUD, CAD, CHF, GBP :
| 3 months | 6 months | 12 months | 24 months | 36 months |
| 1,80 | 2,00 | 2,50 | 2,80 | 3,00 |
