What if you could receive the interest on your deposit from the very first day you open it? The Prepaid Interest Deposit allows you to receive your interest on the very first day, giving you immediate access to the earnings without having to wait until the deposit reaches maturity. It is a convenient solution if you are looking for immediate liquidity and guaranteed returns.
Why choose this deposit?
Unlike traditional deposits, this deposit allows you to receive the interest upfront. This means you can immediately use the interest amount for personal needs, other investments, or short-term plans, while your principal remains invested and secure throughout the deposit term.
What should you know?
- Interest is credited on the first day of the investment.
- The deposit term is 12 months.
- The deposit may be opened individually or jointly with co-holders.
- Automatic renewal at maturity is not available.
- There is no maximum limit on the amount deposited.
|
Currency |
Deposit Amount |
Interest Rate |
|
ALL |
Up to ALL 5,000,000 |
2% |
|
Above ALL 5,000,000 |
2.1% |
|
|
EUR |
Up to 50,000 EUR |
0.9% |
|
50,001 - 100,000 EUR |
1% |
|
|
Over 100,000 EUR |
1.05% |
What do you need?
A valid ID card or passport.
Deposit terms and conditions:
- The minimum amount required to open the deposit is ALL 50,000 or EUR 500.
- The funds must remain unchanged throughout the entire deposit term in order to benefit from the prepaid interest.
- No additional fees apply to this product.
Other conditions:
- If you decide to close the deposit before maturity, you must repay the interest received upfront when the deposit was opened.
- The rights of each deposit holder are determined at the time the deposit is opened.
*Deposits of individual customers at OTP Bank are insured up to ALL 2,500,000 (two million five hundred thousand lek) by the Albanian Deposit Insurance Agency – http://asd.gov.al