Erste Bank introduced time-deposit savings with payment of interest in advance

Starting September 1st, Erste Bank Novi Sad offers the possibility of time-deposit saving with the payment of interest in advance. The specific characteristic of that type of saving is availability of interest in advance, that is, interest is calculated and paid to the checking or saving account.

The new type of saving is available to both residents and non-residents. The money can be deposited either in RSD or EUR on one, three, six or twelve months. Interest rate depends on the currency and the time-deposit period, and it is fixed during the whole period.

Annual interest rate on saving deposit of 10,000 RSD and time-deposit period of 1-6 months is 9.5%. Interest rate for time-deposit periods of 6-12 months is 10%, while the interest rate for time-deposit periods of more than 12 months amounts to 10.50%.

If you decide for saving in EUR, interest rate for minimum deposit of 100 EUR and time-deposit period of 1-3 months is 3.70%, while the annual interest rate for period of over 12 months amounts to 6.50%.