Payment account pricing
- Starting date of offered interest rate: 08/09/2025
- Interest paid – Tiered (*):
- 3% for amounts up to and including €1,000.00
- 0.0% for amounts from €1,001.01 and above (**)
- Debit rate: 0%
- 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(***) (%) |
0.01 – 1,000.00 | 3% | 2.55% | 2.58% |
1,001.01 and above | 0% | 0% | 0% |
Note:
- The first €1,000.00 yield a net return of 2.55% after tax, corresponding to an AER of 2.58% due to monthly capitalization
- Amounts above €1,000.01 do not accrue any interest
(*) Tiered interest rate: an interest rate structure where different portions of the daily account balance earn different rates of interest, depending on the balance range (tier) they fall into. Each tier applies only to the corresponding portion of the deposit amount. Interest will be calculated daily on the end-of-day available account balance and accrued through the compounding process.
(**) Example: For an account balance of €1,500.00 the 3% rate applies to the first €1,000.00 and 0% to the remaining €500.00.
(***) 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
