How is interest on deposits calculated?
We calculate the deposit interest according to the following formula:Gross interest* = (Nominal value** x Actual number of days*** x Interest rate) / 360 x 100 ...
What is the difference between a savings account and a deposit?
There are several differences, here are the most important ones:➤⠀The savings account is for an indefinite period of time, while a deposit is for a fixed period ...
Is the interest earned on term deposits taxable?
Yes, interest income from savings instruments is taxed at 10%, according to current legislation. 📜 The respective tax is withheld ...
What is the method of calculating the interest on term deposits?
We calculate the interest on term deposits according to the following formula: Gross interest = (Nominal value x Number of effective days x Interest rate) / 360 x ...
What interest rates does BT have on deposits and savings accounts?
Consult the tables with our interest rates depending on the amount and the period for which you want to save. 💰Alongside these, you can also find information with ...
Is it possible to negotiate the interest rate on deposits?
Interest on deposits can be negotiated if the client opts for the establishment of a negotiated deposit. The minimum amount for establishing such a ...
What is a "due date"?
The due date is actually the date on which the parties of a contract, the client or the bank must fulfill their payment obligation, according to the contract. 📑
Can the interest rate change during the course of the deposit contract?
The interest rate does not change during the term of the deposit contract. The interest rate from the date of signing the contract will remain the same throughout the period of ...
What is a "bank deposit"?
It is practically the place where your money multiplies. 🤑In other words, in a bank deposit an amount of money is deposited, for a predetermined period and which ...
What happens if I close the term deposit before maturity?
In this case, you will not receive interest during the accumulation period. 🙁All you can receive is the equivalent of the sight interest from the moment of accumulation ...
How do I close a depository?
You can close a deposit like this:➤ Directly from the BT Pay application➤ Through the BT Pay Web internet banking platform➤ Offline, in one of the ...
From what amount can a negotiated interest be obtained at BT?
Interest on deposits can be negotiated, both for individuals and legal entities, for amounts greater than: In the case of individuals ...