Products and Services: Savings Deposits Account

We currently offer three types of deposits:

- Term deposit account with interest payable on maturity
- Term deposit 'Rentier' with interest payable monthly
- Savings deposit account

• Savings deposit account is an account opened for a specified period of time. The main advantage of this type of deposit is the possibility to add money to the opened deposit account voluntarily, i.e. several times within each month. But the total amount you can add within a month is limited to the volume of initial deposit you made when opened the savings deposit account.You may choose any deposit period from 3 months up to 36 months, and the Bank will pay you the best interest rate possible. The accumulated deposit amount and interest earned will be paid to your current account the day following the maturity date.

Note: If the deposit is terminated by the client before maturity date, the interest will not be paid and accumulated deposit amount returned to the client within a week after termination.

3 months 6 months 12 months 24 months 36 month Savings Deposit (US Dollars)           1,000.00 2 3 4 4.75 N/A 100,000.00 2.25 3.5 5 5.75 N/A 1,000,000.00 2.75 4 5.5 6.25 N/A Savings Deposit (Euro)           1,000.00 0.25 0.75 1.25 N/A N/A 100,000.00 0.75 1.25 1.75 N/A N/A 1,000,000.00 1 1.5 2 N/A N/A

You can apply for a loan at Barrington Bank using funds in deposit accounts as collateral.

To obtain the full picture of all deposit rates please click here.