“ESG Do It Yourself” Time Deposit

Meet today’s needs, while contributing to a sustainable future.

Climate change and responsibility have become central issues for both society and business today. Sustainability tends to be not only a way of development, but also a way of living. It is the effort to keep a balance between our needs and nature, so as to ensure that next generations will also be able to meet their own needs.

Piraeus Bank launched “ESG Do It Yourself” Time Deposit, which offers you the opportunity to actively contribute with simplicity, to the creation of a sustainable society. You acquire the deposit and Piraeus Bank will finance, with an equivalent amount, ESG oriented investment projects1 of small and medium-sized entities, that are expected to leave a positive footprint in the environment and the society.

Following the international practices, the product bears a differentiated pricing scheme (today lower 0.05% than the existing “Do It Yourself” time deposit) and is the obvious proof that you consciously decide to become part of the social change towards sustainability.

INTEREST
RATE
Fixed
MINIMUM DEPOSIT
AMOUNT
25,000
INTEREST
PAYMENT

Choose interest payment at the beginning, at maturity or during the term
IDEAL
FOR
  • Yield
  • Funds availability
  • Monthly, regular or additional income
KEY
ADVANTAGES

  • Support sustainable development
  • Create it exactly as you wish
  • Online opening with co-beneficiaries

INTEREST
RATE
Fixed
MINIMUM DEPOSIT
AMOUNT
25,000
INTEREST
PAYMENT

Choose interest payment at the beginning, at maturity or during the term
IDEAL
FOR
  • Yield
  • Funds availability
  • Monthly, regular or additional income
KEY
ADVANTAGES

  • Support sustainable development
  • Create it exactly as you wish
  • Online opening with co-beneficiaries

How you benefit

  • Select the desired features and customize your time deposit
  • Promote sustainability effortlessly
  • Fund routing with transparency
  • Online opening option
  • Time Deposit Certificate availability

Features

Choose from a wide range of term options

You can select a standardized term (up to 12 months) or the maturity date of your choice.

Minimum amount

€25,000

Interest Payment

Select the interest payment that fits your needs:

  • Upfront
  • at maturity
  • during the term of the time deposit, monthly, bimonthly or quarterly (the options availability depends on the time deposits tenor).

Penalty - free early withdrawal option

Should you need your money before maturity, you have the option of an early full withdrawal.

The early withdrawal is free of charge only on the interest payment date. Otherwise, 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 modify your capital as many times as you wish – once a day – at no cost, without any effect on the interest rate.

More specifically:

  • The amount you deposit or withdraw should be at least €1,000
  • The remaining time deposit capital should be up to 10% lower or higher than the initial capital

For example: at a "ESG 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 €33,000 (+10%) or less than €27,000 (-10%).

However, if you wish to exceed the above mentioned range and the remaining amount is less than 90% of the initial capital, you have to withdraw the whole amount of your time deposit and pay an early withdrawal penalty.

Interest Rates

The interest rate depends on the term of the time deposit, the deposit amount and the features you have selected.

Click here for the interest rates.


1 The projected will be selected based on the specific methodology described in the Sustainability Linked Loans Framework of Piraeus Bank.