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:

Open your Quarterly Escalator Fixed Term Deposit Account with a minimum of €5,000
Deposits are for a fixed two year term, with the deposit interest rate gradually increasing on a quarterly basis
Interest is calculated daily and credited at the end of the deposit term

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an attractive, effective return of 1.50% per year, provided that the fixed term deposit is not partially or wholly withdrawn before the two years have lapsed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%
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 may at its choice, reject an application/business relationship for legal, regulatory or other reasons and withdraw or amend any plan, at any time.

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