Do It Yourself Time Deposit

Do It Yourself Time Deposit offers you the ultimate flexibility as you can create it as you wish. You can choose from a wide range of term options (1 week to 12 months), interest payment options, the option of early withdrawal without penalty and the option to change your deposit capital during the term.

INTEREST
RATE
Fixed
MINIMUM DEPOSIT
AMOUNT
5,000
INTEREST
PAYMENT

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

  • You… “Do It Yourself”
  • Online opening

INTEREST
RATE
Fixed
MINIMUM DEPOSIT
AMOUNT
5,000
INTEREST
PAYMENT

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

  • You… “Do It Yourself”
  • Online opening

How you benefit

Choose from a wide range of term options

In Do It Yourself time deposit you can choose from the standard term (1 week to 12 months) or maturity date of your choice.

Minimum amount

The minimum deposit amount is €5,000.

Interest Payment

Choose the interest payment that fits your needs:

  • at the beginning of the time deposit.
  • at maturity
  • during the term of the time deposit, monthly, or every two or three months, depending on the total duration of the time deposit you have chosen.

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, 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2% x Withdrawn Capital x days remaining to maturity / 360 (days)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 change your capital as many times as you wish – once a day – at no cost, without any change on the interest rate.

More specifically:

  • The amount you deposit or withdraw must be at least €1,000
  • The remaining time deposit capital should not be lower or higher than 50% of the initial capital

For example: at a "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 €45,000 (+50%) or less than €15,000 (-50%).

However, if you wish to exceed the above mentioned range (±50%), you have to withdraw the whole amount of your time deposit and pay an early withdrawal penalty.

Create your Do It Yourself time deposit!

Interest Rates

The interest rate depends on the term of the time deposit, the deposit amount and the other features you may choose.

Click here for the interest rates.

How to open this time deposit

Visit any Piraeus Bank branch

Find the nearest branch

On line

Via winbank web banking

You can open a Time Deposit only from an account in which you are the only beneficiary. In case you wish to open a Time Deposit with additional beneficiaries, you can do so from any Branch.

Call us

Via winbank phone banking

You can design the Do It Yourself time deposit here and you will receive an e-mail summarizing the features you selected as well as a code which you can use at any branch or via winbank to easily open your tailor made time deposit.