Earn even higher prospective returns over two years with a Quarterly Escalator Fixed Term Deposit. With this two year fixed term deposit, you can enjoy a gradually increasing interest rate on a quarterly basis.
Here’s how it works:
You will enjoy an attractive, effective return of 1.50% per year, provided that the fixed term deposit is not partially or wholly withdrawn before the two years have lapsed
Early withdrawal fees apply in cases where the Bank agrees to a premature full or partial withdrawal
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
See the applicable Interest Rates for the Quarterly Escalator Fixed Term Deposit:
|Period||Nominal Rate||Effective Annual Rate|
|0 – 3 months||0.90%||0.90%|
|3+ months – 6 months||1.15%||1.03%|
|6+ months – 9 months||1.30%||1.12%|
|9+ months – 12 months||1.45%||1.21%|
|12+ months – 15 months||1.60%||1.29%|
|15+ months – 18 months||1.70%||1.36%|
|18+ months – 21 months||1.80%||1.42%|
|21+ months – 24 months||2.00%||1.50%|
If your total Fixed Term Deposits (per customer) exceed €500,000 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.
Do you want to open an account?
Get started by opening a Current Account simply and securely with the award-winning myAncoria app.
Our easy sign-up process will have you up and running within minutes. All you need to do is:
- Download the app
- Have all your documents on hand
- Take a quick selfie video
And your application will be all set! Once you join Ancoria Bank, you’ll be able to choose the account that best suits you.