When you give your savings time, they can deliver greater returns. The Horizon Step-Up Interest Deposit rewards long-term commitment by offering interest rates that increase progressively throughout the deposit term.
Why choose this deposit?
This deposit rewards patience and long-term planning, making it a suitable solution for long-term financial goals. The interest rate increases progressively over the deposit term, allowing your returns to grow as the years go by.
|
Currency |
Term |
Amount |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
|
LEK |
3 Years |
Up to 5,000,000 ALL |
1.2% |
1.7% |
4% |
- |
- |
- |
- |
|
Over 10,000,000 ALL |
1.3% |
1.8% |
4.5% |
- |
- |
- |
- |
||
|
5 Years |
Up to 5,000,000 ALL |
0.4% |
0.7% |
1.1% |
3% |
4% |
- |
- |
|
|
Over 5,000,000 ALL |
0.5% |
0.8% |
1.2% |
3.2% |
4.5% |
- |
- |
||
|
7 Years |
Up to 5,000,000 ALL |
0.4% |
0.7% |
1% |
2.3% |
3.6% |
4.5% |
5% |
|
|
Over 5,000,000 ALL |
0.15% |
0.8% |
1.1% |
2.7% |
3.8% |
5% |
5.5% |
||
|
EUR |
3 Years |
Up to 50,000 EUR |
0.1% |
0.4% |
2.5% |
- |
- |
- |
- |
|
Over 50,000 EUR |
0.15% |
0.5% |
3% |
- |
- |
- |
- |
||
|
5 Years |
Up to 50,000 EUR |
0.1% |
0.2% |
0.7% |
1.3% |
3% |
- |
- |
|
|
Over 50,000 EUR |
0.15% |
0.3% |
0.9% |
1.7% |
3.5% |
- |
- |
||
|
7 Years |
Up to 50,000 EUR |
0.1% |
0.2% |
0.7% |
1% |
1.4% |
2% |
3% |
|
|
Over 50,000 EUR |
0.1% |
0.3% |
0.9% |
1.3% |
1.8% |
2.5% |
3.5% |
* Interest earned on the deposit is subject to withholding tax in accordance with applicable legislation.
What should you know?
- The interest rate increases gradually each year.
- You can open the deposit with a minimum amount of ALL 50,000 or EUR 500.
- Interest is credited to your current account every year and can be withdrawn at any time.
What do you need?
A valid ID card or passport.
Deposit conditions:
- Partial withdrawals from the deposited amount are not permitted during the deposit term.
- If you close the deposit before maturity, you will retain all interest earned in previous years and forfeit only the interest for the current year.
- The deposit does not renew automatically. At the end of the selected term, the interest earned during the final year, together with the principal, will be credited to your current account.
- The deposit can be funded only at the time it is opened; additional deposits are not permitted during its term.
*Deposits of individual customers at OTP Bank are insured up to ALL 2,500,000 (two million five hundred thousand) by the Albanian Deposit Insurance Agency – http://asd.gov.al
Documents required for opening a Horizon deposit with escalating interest rate:
- Passport or Identity Card