Standard Time Deposit
Possibility of break down
Time Deposit is an investment according to different terms offered by the Bank and with interest rates published and changed time after time by the Bank.
The terms offered for Time Deposits are mainly: 3 months, 6 months, 1 year and 2 years (as per the specifications of the interest rates table). In special cases terms, different from above, could be accepted, but this would be subject to individual agreements with the customer.
The Bank pays interest for as long as the Deposit is in the Bank according to the term defined by the customer.
The interest rates published by Intesa Sanpaolo Bank Albania appear on annual basis and are calculated based on the days of the period chosen by the customer starting from the starting date to the deposit maturity date. The Interest rate for the period chosen by the customer remains the same even if the rates in the Interest rates table change.
Time Deposit is a form of saving and as such it cannot be used for payments. If you wish to effect payments we suggest you to open a current account in addition to Time Deposit.
You may deposit funds at any time, but they will be added to your existing Deposit only on its maturity date. If you wish to deposit at any moment without limitation we suggest to you the Savings Account.
You may be supplied with a printing of your total balance at the bank, and you will be provided with a contract for every new deposit account. The Bank also offers the possibility for inquiring your account balance through Internet via Internet Banking
No more than an identification document such as valid passport, ID, or a certificate with a photo (issued during the last three months).
* Deposit Interest is applied annually; number of days / 365
All deposits of citizens in our Bank are insured according to the Law "On Deposit Insurance” dated 22.05.2014, Law no. 53/2014. Deposit at the Bank is secured up to 2,500,000 (two million five hundred thousand) LEK by the Deposit Insurance Agency www.asd.gov.al
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