Savings products can be used by resident or non-resident individuals: adults or older minors are sole account holders, while a legal representative or guardian, respectively, is required for minors or wards acting as account holders.
Types of savings:
- sight deposit (a vista savings) – general purpose and with no fixed term
- term deposit – savings on a fixed term
- annuity savings – fixed term deposit with contracted interest payment periods during the deposit term
Interest on sight deposits accrues at year-end, while interest on fixed term deposits accrues after the expiry of the deposit term. Annuity savings enable interest accrual before the expiry of the deposit term (monthly, quarterly, semi-annually, annually).
Interest shall be computed in foreign currency and is payable, at the request of the account holder, in kuna as well. For larger time deposits with maturity over one year, an incentive interest rate may be agreed subject to prior approval of the authorized officer.
Savings products can be used by resident or non-resident individuals: adults or older minors are sole account holders, while a legal representative or guardian, respectively, is required for minors or wards acting as account holders.
Types of savings:
- sight deposit (a vista savings) – general purpose and with no fixed term
- term deposit – savings on a fixed term
- annuity savings – fixed term deposit with contracted interest payment periods during the deposit term
Interest on sight deposits accrues at year-end, while interest on fixed term deposits accrues after the expiry of the deposit term. Annuity savings enable interest accrual before the expiry of the deposit term (monthly, quarterly, semi-annually, annually).
Interest shall be computed in foreign currency and is payable, at the request of the account holder, in kuna as well. For larger time deposits with maturity over one year, an incentive interest rate may be agreed subject to prior approval of the authorized officer.