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Savings Plan
Plan your savings so you can achieve your financial goals!
If you make deposits according to a savings plan at ProCredit Bank, you earn bonus interest in addition to the standard interest paid on savings accounts.

How can I save using a Savings Plan?
Save a fixed amount each month
Choose the date and amount you wish to save each month.
Choose the maturity of the deposit (1-3 years).
In order to obtain the bonus interest, all fixed amounts transferred to your savings account on a monthly basis shouldn't be withdrawn prior to the maturity period.

How is interest calculated for my Savings Plan?
A savings plan offers two types of interest:
1. Standard interest rate for savings accounts
Calculated based on the daily balance and capitalised once a year (January)
2. Additional interest (bonus interest)
Calculated at the end of a one-year period as follows: (fixed amount x 12 months x monthly bonus interest rate)
(Example: ALL 1,000 x 12 months x 1.5 % = 180 ALL)

The bonus is subject to 10% income tax by the State.
Therefore, the net bonus amount is 90% of the bonus calculated above. Example: ALL 180 x 90 % = 162 ALL

To learn more about the terms and conditions for your Savings Plan, please visit our "Terms & Conditions".

 

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