Interest rates on fixed-term deposits in EUR and USD currency
Amounts of fixed term deposits
EUR 500,00 to EUR 200,000.00
USD 500,00 do USD 200.000,00
Terms of deposits
12, 24 and 36 months
Fixed-term deposits with monthly interest payment - in this case, the interest on the fixed-term deposit is calculated and paid monthly on the last day of the month and transferred to the depositor's transaction account. The principal is repaid at the end of the deposit period, with interest credited for the period from the last calculation period to the maturity date, and that amount is transferred to the depositor's transaction account;
Interest is calculated and paid in the currency of the deposit on the last day of the month, with the net interest transferred to the depositor's transaction account at the bank, after deducting the withholding tax amount – for non-resident legal entities. The bank is obliged to pay this amount on behalf of and for the account of the depositor, in accordance with the Law on Corporate Income Tax.
Term deposits with monthly interest payment
(Interest is paid on the maturity date of the deposit)
* For deposits above 36 month - duration, the interest rate is separately arranged, for each individual case, as well as for the deposits exceeding EUR 200,000.00
When paying interest on savings for individuals, the bank is obliged to calculate,
withhold, and transfer to the Montenegro Tax Administration the amount of income
tax for individuals, in accordance with the Law on Personal Income Tax. Client
deposits with the bank are protected according to the Law on Deposit Protection.