«Afxano» Time Deposit

Time deposit with interest rate that increases every 3 months!
INTEREST
RATE
Escalating rate

MINIMUM DEPOSIT
AMOUNT
20,000
INTEREST
PAYMENT
Quarterly
IDEAL
FOR
  • Yield
  • Additional income
KEY
ADVANTAGES
  • Increasing yield every 3 months
INTEREST
RATE
Escalating rate

MINIMUM DEPOSIT
AMOUNT
20,000
INTEREST
PAYMENT
Quarterly
IDEAL
FOR
  • Yield
  • Additional income
KEY
ADVANTAGES
  • Increasing yield every 3 months

How you benefit

"Afxano" time deposit offers you, an escalating interest rate that increases every 3 months and interest payment at the end of every quarter.

Duration

"Afxano" time deposit has a 12 month tenor.


Minimum amount

The minimum deposit amount is €20.000.


Interest Payment

The “Afxano" time deposit pays you the interest every 3 months.


Penalty-free early withdrawal option

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

On the interest payment date, early withdrawal is free of charge. In any other date, a penalty applies, calculated as follows:

2% x Withdrawn Capital x days remaining to maturity / 360 (days)
Early withdrawal penalty cannot exceed the total accrued interest of the time deposit, paid or not.

Interest Rates

The interest rate increases quarterly and depends on the amount of the time deposit.

Click here for the interest rates.

Interest rates are gross, annualized and may change according to the Piraeus Bank pricing policy. Tax rate of 15% applies. Tax is deducted and paid over to the Greek State.