Business Banking

Business Fixed Term Deposit Accounts

An Ancoria Bank Fixed Term Deposit Account is a great way for your business to save for the long-term and earn higher returns at the same time.
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Here’s how it works:

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Open a Fixed Term Deposit Account with a minimum of €500

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The return depends on the term of the deposit, so choose what suits best for you and your business

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 Interest is paid at the end of your chosen period

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At maturity, you will have the choice of renewing the deposit with a new interest rate, or transferring your money to your current account for instant access*

*Premature withdrawals will be charged a fee

 

Deposits at Ancoria Bank are protected by the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme. More information here.

Choose the Fixed Term Deposit Interest Rate that suits you and your business:

Duration

Small and Medium-sized Enterprises (SMEs)

(Up to €200.000)

Corporate

(Up to €200.000)
3 months 0.50% 0.20%
6 months 1% 0.70%
9 months 1.50% 1.20%
12 months 2.00% 1.70%
18 months 1.50% 1.20%
24 months 1.25% 0.95%

The SMEs are enterprises which employ fewer than 250 persons and which have either an annual turnover not exceeding €50 million or an annual balance sheet total not exceeding €43 million.

If your total Fixed Term Deposits (per customer) exceeds the max amount by type, you can contact us for an exclusive quotation.

Disclamer: Ancoria Bank Ltd may at its choice, reject an application/business relationship for legal, regulatory or other reasons and withdraw or amend any plan, at any time.

Get Started

Submit your details for an appointment either via video call or via phone, and we’ll be delighted to help get you started.

Make an appointment

What you need to have

Required documentation:

CYPRIOT RESIDENTS

  • Passport or National Identity card
  • Original recent utility bill (less than 6 months old) / OR statement of EEA bank / OR local authority tax bill / OR house insurance

NON-CYPRIOT RESIDENTS

  • Copy of a valid ID / Passport certified as a true copy by a state authority
  • If you are temporarily residing in Cyprus and are a non-EU national, please supply a copy of your Temporary Residence Permit
Banking made simple

myAncoria is an award-winning, handy app that lets you access your accounts anytime, anywhere. Track your business expenses and transfer money between accounts in seconds. Stay on top of your financials no matter where you are. All with myAncoria. Access myAncoria from your PC, tablet, or mobile app.

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If you have any questions, or simply need some help to get started

Call us on 8000 0050 or +357 22849000

Request an appointment