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Prepaid Return Term Deposits

  • The new advantage is represented in the possibility of the customer collecting the return on the despot as soon as its is locked with the branch without necessarily waiting until its maturity.
  • The prescribed advantage (optional advantage for the customer) is only applied to local deposits. The implementing branch must obtain written approval from the customer to apply this advantage.
  • The value of prepaid return is calculated in advance and so is the calculated return in case of premature redemption (automatically) to agree with the rate of return applied on deposits corresponding to the actual period for the stay of funds (minus 2%).
  • In case of premature redemption, the value of what has been disbursed in excess is deducted by calculating the difference between the value of what has been disbursed in advance (on basis of the original term of the deposit) and what should have been disbursed in advance (pursuant to the actual period for the stay of funds).
  • Applied interest rates
0% Less than month
1.50% 1 Month
2% 3 months
2.25% 6 months
3.25% 1 years
3.75% 2 years
4% 3 years

 guarantee of prepaid interest deposit as follows :

Deposit Tenor amount of collateral
up to 1 year  80 % of the deposits amount
2 years  75 % of the deposits amount
3 years  65 % of the deposits amount