Savings Account - Pricing
- Starting Date of interest rate: 15/06/2026
- Credit Balance Interest Rate: 1% irrespective of the balance amount
- Monthly interest capitalization (calculation: on the last calendar day of the month, yield: on the first calendar day of next month)
- Interest calculation start date: the value date on which the deposit amount becomes available in the account
- Interest calculation end date: the day preceding the withdrawal or transfer of funds from the account
- Interest calculation basis: Actual/Year of 365 days. The numerator represents the actual number of days and the denominator a year of 365 days
- Tax on interest: A tax is withheld from the amount of interest and paid to the State, in accordance with the applicable tax legislation. The current tax rate is 15%.
Example of Monthly AER (Annual Equivalent Rate) | |||
Capital (€) | Interest Rate (%) | Net after Tax (%) (*) | AER(***) (%) |
0€+ | 1% | 0,85% | 0,853% |
Note:
- Savings amount yield a net return of 0,85% after tax, corresponding to an AER of 0,853% due to monthly capitalization
(*) A.E.R. is calculated on the basis that the deposit amount and interest rate remain unchanged for (1) one year, interest is compounded monthly, and a 15% withholding tax is applied
