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Term deposit
A term deposit is suitable for depositing a certain amount of money for a certain period of time from one month to three years. At the end of the deposit term, the bank transfers the deposited amount and interest to the current account specified by you. No additional contributions or withdrawals can be made during the deposit period.
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Advantages
- A traditional way of saving
- The deposit term can be from 1 month to 3 years
- No additional contributions or withdrawals can be made during the deposit period
Pricing
| Service | Fee |
|---|---|
| Funds transfer from Current Account to Deposit Account, or cash deposit through branch office | In accordance of the General Price list section "Payments" or “Cash Transactions” |
| Commission for premature termination of the Term deposit agreement1 (With a 3-day prior written notice to SEB bank) | 3% of the amount |
1 The commission is applied when the agreement is terminated before expiry, irrespective of whether the customer wants to receive the deposited funds in cash or as a transfer. If the agreement is terminated before expiry, the customer does not receive the accrued interest.
