Gradual term savings

Your savings grow with regular monthly payments, and you enjoy the security of term funds and a stable return.

Save at your own pace

Whether you're saving for big plans or additional financial security, gradual term savings allow you to build your future easily and without pressure.

Minimum initial amount of savings 20 EUR

Monthly payments

Bonus interest on regular payments

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Your savings - your pace

Savings that grow month after month.

Because we understand that everyone has their own way of saving.

Equal monthly payments of the initially agreed amount from 20 to 1,000 EUR
5 accounting periods of 12 months each – at the end of each of them, for regular payments, you earn BONUS interest
Purchase of EUR at the middle NBS exchange rate by standing order
The possibility of scheduling multiple parties

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Representative example and conditions

Terms and more information

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• You need to open a special A vista foreign currency account for the term savings
• The minimum initial amount of the contracted monthly payment is 20 EUR
• The maximum initial amount of the contracted monthly payment is EUR 1,000

Interest

• If you have met all the conditions, the nominal interest rate and BONUS interest are calculated and paid annually (after the end of each 12-month calculation period)
• In the event of early withdrawal, the interest paid for the previous accounting period remains on your account. For the accounting period in which you withdraw funds, the A vista interest rate valid at the time of withdrawal (from the date of the beginning of the accounting period to the date of withdrawal) is applied.
• Interest is calculated and paid at the end of each accounting period. When calculating the total interest, the Bank suspends and pays capital income tax to public revenue accounts - withholding tax, in accordance with current regulations, and makes the net amount of interest available to the user by payment to a special A vista foreign currency account.

For BONUS interest:

• Every month, an equal amount of savings is paid, which you have determined yourself and agreed in advance with the Bank, within the minimum and maximum range.
• The agreed amount of the monthly payment cannot be changed during the duration of the Agreement (decrease or increase)
• No more than one payment can be made during a calendar month.
• If you miss a monthly payment or pay less than the specified monthly payment amount in a certain billing period, you are not entitled to BONUS interest for that billing period.
• The right to BONUS interest is determined at the end of each calendar month, and BONUS interest is paid at the end of the calculation period of 12 months, for the previous 12 months

Representative example

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The total interest rate on Gradual Term Savings in EUR consists of:

✓ Nominal interest rate
✓ Bonus interest, which is calculated and paid if the user has met the conditions for calculating bonus interest. The condition for calculating bonus interest is the payment of the agreed monthly amount each calendar month during each calculation period.

A representative example for Gradual Term Savings in EUR is shown in the following table.

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Deposit amount - monthly payments	100 EUR per month
Term deposit	60 months
Nominal interest rate (NKS) on an annual basis (fixed, proportional interest calculation method)	Accounting period \| NKS \| Bonus interest* \| Total interest up to 12 months \| 2.00 \| 0.20 \| 2.20 from 12 m to 24 m \| 2.00 \| 0.50 \| 2.50 from 24 m to 36 m \| 2.00 \| 0.80 \| 2.80 from 36 m to 48 m \| 2.00 \| 1.00 \| 3.00 from 48 m to 60 m \| 2.00 \| 1.30 \| 3.30 *Condition for bonus interest: payment of the agreed monthly amount each calendar month during each billing period from the contract.
Calculated gross interest in EUR	453.26 EUR
Total amount to be paid in EUR, after deduction of tax	EUR 6,385.28 (RSD 747,253.36)
EKS (annually)*	2.52%
Indexing criteria	No indexing criteria
Costs that are borne by the user, and are known at the time of advertising, are included in the calculation of the effective interest rate.
Tax liability – withholding tax 15%	67.98 EUR

*Calculation made on October 21, 2024. year.

The Bank is a participant in the mandatory deposit insurance system established in the Republic of Serbia.

Frequently asked questions

Can I use my existing foreign currency A vista account for payments into a gradual term savings account?

No, for gradual term savings it is necessary to open a separate foreign currency A vista account in EUR.

Do I pay a fee for keeping a separate foreign currency account?

No, maintaining this account is free of charge and will remain so for the duration of the gradual term savings agreement.

How do I make monthly payments?

Monthly payments to Gradual Term Savings in EUR are made exclusively via a standing order at AikBank from the A vista foreign currency EUR account to the Gradual Term Savings account. You can make payments to the A vista foreign currency account in the following ways:

By activating a specially agreed standing order for the purchase of EUR from a dinar account at the middle exchange rate of the NBS
Through AikBank electronic and mobile banking - by transfer from foreign currency accounts or dinar accounts with the purchase of EUR at the exchange rate applied for exchange transactions
By making a payment at AikBank multifunctional ATMs in branches with the 24/7 Zone
By cash payment in EUR at the AikBank branch

After concluding the contract and making the first payment, can I make subsequent payments on any day of the month?

You can make a payment for the following month from the 1st to the 31st of the month. You do not lose the right to BONUS interest if you pay the monthly agreed amount, for example, on October 31st. It is important that you have an agreed payment every calendar month.

Can I not make a payment in a certain month, and make two payments in the next month and be entitled to BONUS interest?

No, only one payment is possible during a calendar month.

If I have agreed on a monthly supplement to a gradual term savings of EUR 100, and I have EUR 50 in a special foreign currency A vista account, will those EUR 50 be transferred to the gradual term savings?

No, it is only possible to pay the exact, agreed amount; neither a smaller nor a larger amount can be paid.

What if one month I don't have enough money in my checking account to buy EUR?

The standing order from a dinar to a foreign currency account will not be executed, but you can make a cash payment in EUR to the foreign currency account from which the funds are transferred to the Gradual Term Savings.

Can I make payments in multiple ways?

Yes, you can combine, for example, pay part in cash, transfer part from another foreign currency account in AikBank, via electronic banking. Payment to the gradual term savings will be made the moment you secure funds in the amount of the agreed monthly payment.