Term Deposit Accounts
Attractive interest rates on fixed-term deposits
Term Deposit Accounts at EMBank
A term deposit account offers a secure and stable way to save money, providing stable return on your deposit.
Who Is An Eligible Candidate for a Term Deposit Account?
The business must be a legal entity, such as a corporation, partnership, or limited liability company to apply for a term deposit account. The business must also have a physical address, and a minimum amount deposited into the account.
These criteria are in place to help protect businesses and to ensure that only businesses that are able to commit to a long-term savings plan are able to open an account. By meeting these criteria, businesses are more likely to be able to follow through on their savings goals and earn a higher interest rate on their deposits.
How to Apply for a Term Deposit Account in the EU?
The process of applying for a term deposit account is generally similar to that of applying for a regular savings account. However, there may be some additional requirements to qualify or documents that need to be submitted.
When applying for a term deposit account, businesses will need to provide some basic information about the company. This includes the company name, registered address, and contact details. The business will also need to provide proof of identification, such as a passport or ID card. In some cases, businesses may also be required to provide proof of business registration or incorporation.
Once the required documentation has been submitted, the next step is to choose the type of term deposit account that best suits the business. There are generally two types of accounts available: fixed-term and variable-term. Fixed-term accounts have a set interest rate and term length, while variable-term accounts have an interest rate that can fluctuate over time. Businesses should carefully consider their long-term and short-term needs before choosing an account type.
Once the account has been opened, the business will need to make regular deposits into the account. The amount that needs to be deposited will vary depending on the account terms. Businesses should make sure that they have enough funds available to meet the account’s minimum deposit requirements.
Term deposit accounts can be a great way for businesses to save money. However, it is important to compare different accounts and choose the one that offers the best interest rate and terms. And again, businesses should always make sure that they are able to meet the minimum deposit requirements.
Advantages:
- A simple and convenient way to grow your savings – over time they increase at a fixed annual rate.
- Different interest rates for different periods.
- Favourable savings period – can be short or long.
Conditions:
- Minimum deposit amount € 10,000
- The term of the deposit agreement is from 1 to 60 months
- Interests paid at the end of the term
- withdrawal is not allowed of the deposit without termination of the contract.
“EMBank” term deposit rates:
| Months | Annual interest rate % |
|---|---|
| 3 | 2.05 |
| 6 | 2.05 |
| 9 | 2.15 |
| 12 | 2.25 |
| 24 | 2.00 |
A minimum amount – 500 EUR
What is the process to open a term deposit?
- Fill in the application form.
- You will go through the KYC procedure and a business account will be opened.
- Sign the term deposit agreement, transfer the deposit funds to the business account and the deposit is active.
Please visit Fees and Commissions page to see the applicable fees.
Apply now!
Please provide the required information and we will contact you within 1 working day.
Frequently Asked Questions
How to open a term deposit account?
To open a term deposit account at EMBank, you must be a customer at first. (Please fill the form to apply to be a customer) If you are an EMBank customer, you have to login to the Online Banking (Internet banking or mobile banking) to open a term deposit account. After login, you will:
Go to Accounts Tab
- Choose Term Deposit
- Choose amount and tenor/maturity
- Give consent to create term deposit agreement
- Submit your request after confirming Term Deposit Agreement
What happens if a term deposit agreement is terminated early?
If the Customer decides to terminate the term deposit agreement before maturity, a request signed with an electronic signature must be submitted to the Bank by email to [email protected] .The agreement will then be terminated after 30 calendar days, and the Bank will transfer the deposit amount to the deposit payout account no later than the last day of the aforementioned period. Only the deposit amount will be paid to the Customer; no interest will be paid. If the Customer has chosen to receive interest payments on a monthly basis, the deposit amount paid out is reduced by the interest already paid (the amount of interest paid is deducted).
Can I withdraw funds from term deposit?
Yes, you can withdraw your funds whenever you want but please keep in mind that if the contract is terminated before the specified term, interest on the deposit is not paid. You can only withdraw the basic amount.
Can I have more than one term deposit account?
Yes, you can have.
What is the minimum deposit amount?
EUR 10.000 up to EUR 1.000.000
If you want to learn more about or
apply for our term deposit account
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