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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to obtain the bonus interest, all fixed amounts transferred to your savings account on a monthly basis shouldn't be withdrawn prior to the maturity period.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".
You can apply for this service by filling out our web application. After the application has been reviewed, you will be contacted by one of our client advisers for the following steps.


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