Looking for a secure way to grow your savings? The 24-Month Tiered-Interest Term Deposit offers a unique advantage: your interest rate increases gradually throughout the term, rewarding you more the longer you keep your money deposited.
Why Choose This Deposit?
The longer you save, the more you earn. Unlike traditional fixed-rate deposits, this account rewards your commitment and long-term trust.
Progressive returns over 24 months. The deposit is split into four 6-month periods. With each period, your interest rate steps up—allowing you to maximize your returns over time.
Key details
- 24-month term
- Interest rate increases every 6 months
- Interest paid directly to your account every 6 months
- Minimum opening deposit - 50,000 ALL or 500 EUR
- No maximum deposit limit
Interest rates
| LEK | The First 6-Month Period | The Second 6-Month Period | The Third 6-Month Period | The Fourth 6-Month Period |
|---|---|---|---|---|
| Up to 5,000,000 Lekë | 0.50% | 0.90% | 1.50% | 4.50% |
| Over 5,000,000 Lekë | 0.70% | 1.00% | 1.70% | 5.00% |
| EUR | The First 6-Month Period | The Second 6-Month Period | The Third 6-Month Period | The Fourth 6-Month Period |
|---|---|---|---|---|
| Up to 50,000 Euro | 0.35% | 0.85% | 1.80% | 3.00% |
| Over 50,000 Euro | 0.55% | 1.00% | 2.20% | 3.50% |
Interest earned on this deposit is subject to withholding tax in accordance with applicable legislation.
What You Need?
- Valid ID card or passport
Other Terms & Conditions
- Early Closure - If you close the deposit before maturity, you will only earn interest for any fully completed 6-month periods. No interest is earned for incomplete 6-month periods.
- Partial Withdrawals - Partial withdrawals of the deposited amount are not allowed during the deposit term.
- Additional Deposits - The account can only be funded at the time of opening; no additional deposits can be made during the term.
- No Automatic Renewal - The deposit does not renew automatically. At the end of the 24-month term, your principal along with the interest earned during the final 6-month period will be credited to your current account.
Deposits of individual clients at OTP Bank Albania are insured up to the amount of 2,500,000 (two million five hundred thousand) ALL by the Deposit Insurance Agency (ASD) in accordance with Law No. 53/2014 "On Deposit Insurance" – http://asd.gov.al.
Looking for a shorter-term deposit? Check out our 18-Month Tiered Term Deposit by clicking here.