Personal Banking

Quarterly Escalator

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:

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Open your Quarterly Escalator Fixed Term Deposit Account with a minimum of €5,000
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Deposits are for a fixed two year term, with the deposit interest rate gradually increasing on a quarterly basis
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Interest is calculated daily and credited at the end of the deposit term
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You will enjoy an attractive, effective return of 0.19% per year, provided that the fixed term deposit is not partially or wholly withdrawn before the two years have lapsed
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Early withdrawal fees apply in cases where the Bank agrees to a premature full or partial withdrawal

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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

See the applicable Interest Rates for the Quarterly Escalator Fixed Term Deposit:

Period Nominal Rate Effective Annual Rate
0 – 3 months 0.00% 0.00%
3+ months – 6 months 0.05% 0.03%
6+ months – 9 months 0.10% 0.05%
9+ months – 12 months 0.15% 0.08%
12+ months – 15 months 0.20% 0.10%
15+ months – 18 months 0.27% 0.13%
18+ months – 21 months 0.34% 0.16%
21+ months – 24 months 0.41% 0.19%
The rates apply to new and existing customers holding Fixed Term Deposits of up to €500,000 in total (subject to eligibility criteria).
If your total Fixed Term Deposits (per customer) exceed €500,000 you can contact us for an exclusive quotation.
Disclamer: Ancoria Bank Ltd reserves the right to decline an application/business relationship for legal, regulatory or any other reason and withdraw any plan, at any time.
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