Foreign Currency Time Deposits

The Bank takes time deposits in EUR, USD and CHF.

Interest rate will depend on the deposit amount and tenor - the most favorable interest rates will be applied to deposits having the longest tenors.

Interest will be calculated by application of compound method. Nominal interest rate is fixed i.e. may not be changed during the fixed deposit period. Interest will be calculated and paid in the deposit currency.

In the depositor‘s name and for his account, the Bank shall make necessary deductions from the gross accrued interest amount in order to pay the interest income tax in conformity with the Individual Income Tax Law.

 

Deposit Basic Features

Deposit TypeForeign currency deposit with interest calculation and payment upon maturity
Deposit CurrencyEUR, USD or CHF
Deposit AmountTime deposit minimum amount EUR 100.00, or other currency equivalent
Indexation CriteriaNo indexation
Interest Rate (Nominal – NIR and Effective - EIR)Fixed annual
Charges borne by the client which are recognized
in the moment of publishing, to be applied in EIR calculation
15.00% Capital (interest) income tax
Charges borne by the client not recognized
in the moment of publishing
No additional expenses

 

Deposit Terms

Time deposit period

DEPOSIT CURRENCY

EUR

USD

CHF

NIR

EIR

NIR

EIR

NIR

EIR

á vista

0.30%

0.25%

0.10%

0.08%

0.10%

0.08%

1 month

0.10%

0.08%

/

/

/

/

3 months

0.50%

0.42%

0.40%

0.34%

0.01%

0.01%

6 months

0.70%

0.59%

0.60%

0.51%

0.01%

0.01%

9 months

0.90%

0.76%

/

/

/

/

12 months

1.20%

1.02%

1.00%

0.85%

0.01%

0.01%

15 months

1.40%

1.19%

/

/

/

/

18 months

1.40%

1.19%

/

/

/

/

24 months

1.50%

1.28%

1.20%

1.02%

/

/

36 months

1.80%

1.51%

/

/

/

/

Automatic Time Deposit Renewal

The Bank shall inform the Depositor on terms of deposits renewal at least 15 days prior to time deposit’s expiration. The Depositor is entitled to terminate the Time Deposit Contract within the period of 30 days from reception of Bank’s notice.

Unless the Depositor terminate the Time Deposit Contract in 30 days from reception of Bank’s notice, the Deposit shall be considered as automatically renewed for the same period and with the interest rate stated in the Bank’s notice.

Deposits may be renewed with or without the interest accrued for the original time deposit period

 

Deposit Insurance

JUBMES banka is a participant of the mandatory deposit insurance system governed by the laws of the Republic of Serbia.

Detailed information available at www.aod.rs

You will receive our offer related to foreign exchange accounts and deposits at Bank Branch counters.

The Bank shall treat data on saving deposits as business secret, guaranteeing full data safety and deposits availability

 

+381 11 2205-690