Anticipative savings - CKB start savings

  • Interest is paid at the time of making a term deposit contract
  • Principal is paid at the expiry of the term deposit period
  • The product is intended for residents and non-residents
  • Minimum term deposit period is 3 months and maximum 24 months

Product description

Anticipative savings are a special type of term deposit savings where principal is paid upon maturity and interest is paid at the beginning of the term deposit period. It is intended for all citizens, both residents and non-residents, who wish to save in a secure way, for a pre-defined period, with advance interest payment.

To make an initial contract for this type of savings, client has to have a transaction account opened in the Bank. Contract is made against the first initial payment. When making the contract, it is necessary for the client to specify the amount of money he wants to deposit and the period for which he wishes to deposit the funds.

Funds may be deposited in several ways as follows:

through payment of cash at a counter classic payment
payment through permanent order payment from transaction account to deposit account
payment from other banks or general payment order payment is made directly to the Bank gyro account, specifying the contract reference number.

It is not possible to make several deposits under one contract, i.e. there is no option for subsequent (successive) payments under the same contract.

Upon making a contract, interest is automatically transferred to a previously opened transaction account, decreased by the amount of belonging capital income tax and is immediately available for payment. Payment of principal is made solely upon the expiry of the contracted term deposit period.

Interest is accrued only on the basis of the method of daily capitalization of interest, which means that along with interest accrual, capital income tax is calculated at legally defined rates.

Interest rate depends on the placed amount and selected term of the deposit.

Effective interest rates are not equal to nominal interest rates, i.e. they are higher than nominal rates because the interest is paid to the client in advance.

Minimum deposit term is 3 months and maximum 24 months.

The deposit can only be made in euros.

As for term deposit renewal or automatic contract renewal, it is necessary for the client, when making a contract, to declare whether he would like the principal amount to be renewed as term deposit or paid to his transaction account. If the client wishes to renew the term deposit, the maturity date will be, at the same time, the date of making the renewal. However, if in the meantime the client changes his mind, he is obligated to inform the Bank by the maturity date that he wishes the principal to be paid to his transaction account.

Product features

  • For residents and non-residents
  • Maturisty: 3, 6, 9, 12 and 24 months
  • Currency: EUR
  • Minimum deposit: 100 EUR
  • Instrument for handling funds: a bank account savings booklet or bank account card


More details about the product clients can get by visiting the nearest CKB branch or by calling the CKB Call Centre at 19894.