Choose from a wide range of term options
In Do It Yourself time deposit you can choose from the standard term 1 to 12 months or maturity date of your choice.
Minimum amount
The minimum deposit amount is €5,000.
Interest Payment
Choose the interest payment that fits your needs:
- at the beginning of the time deposit.
- at maturity
- during the term of the time deposit, monthly, or every two or three months, depending on the total duration of the time deposit you have chosen.
Penalty - free early withdrawal option
Should you need the money deposited in before maturity, you have the option of an early full withdrawal.
On the interest payment date, early withdrawal is free of charge. In any other date, an early withdrawal penalty applies, calculated as follows:
2% x Withdrawn Capital x days remaining to maturity / 360 (days)
Early withdrawal penalty cannot exceed the total accrued credit interest of the time deposit, paid or not. Especially, in the case of interest payment at the beginning of the time deposit, the above cost increases by the upfront gross paid interest for the days remaining to maturity of the term deposit.
Option of capital modification
You can change your capital as many times as you wish – once a day – at no cost, without any change on the interest rate.
More specifically:
- The amount you deposit or withdraw must be at least €1,000
- The remaining time deposit capital should not be lower or higher than 50% of the initial capital
For example: at a "Do It Yourself" of €30,000 initial capital, you can deposit or withdraw a minimum amount of €1,000 once a day, as long as the new capital of your time deposit is no more than €45,000 (+50%) or less than €15,000 (-50%).
However, if you wish to exceed the above mentioned range (±50%), you have to withdraw the whole amount of your time deposit and pay an early withdrawal penalty.
