Use the advantages of RSD term deposits!
You can choose if you want to time deposit your dinars for 6 or 12 months, and depending on that, you get an interest of 2.50% annually for 6-month term deposits or 3.20% for 12-month term deposits.
What if I withdraw the sum before the agreed deadline?
No problem – if the initial time for the deposit was 6 months, in the event of early withdrawal the interest will be 0.50%, whereas if the time for the deposit was 12 months, interest for early withdrawal will be 1.00% annually.
Example of RSD savings
|Period to which the time deposit was made|
|6 months||12 months|
|Interest rate, fixed annually||2.50 %||3.20 %|
|RSD 100.000||RSD 1.252||RSD 3.205|
|The amount in RSD which user gets when the depositing is over||RSD 101.252||RSD 103.205|
Note: The example was made on the assumption that the money was deposited to a term savings account on 10 May 2019.
The amount of funds from the table that you will receive at the end of your deposit period is stated on the assumption that the funds deposited are not withdrawn by the term specified in the agreement.
If you completely cancel your time deposit before the term or close your term deposit account, your interest will be 0.50% for 6 months or 1.00% for 12 months. The aforementioned interest will be calculated as of the moment when the term begins until the moment when the agreement is terminated. No tax is charged on income made from interest on RSD savings.
So how do I start saving?
It’s very simple! There are no additional costs for opening and maintaining a savings account, and you can go through the complete process of opening your savings account online.
If you want to save in dinars, but you do not have an account with Telenor Bank – the opening process is simple, free, and fast, and you can do it wherever you are. If you already use our services, you can open your RSD term deposit account straight away through your mobile or internet application. The only thing that will be left for you to do is to wait for your interest and afford everything you have been planning to buy for a long time.
|Amount||60.000 -20.000.000 RSD*|
|Term||6 to 12 months|
|Annual interest rate||
6 months - 2,50 %
12 months - 3,20 %
|Annual interest in the event of complete premature term cancellation||
6 months – 0,50 %
12 months – 1,00 %
|Interest type||Annual interest rate, fixed|
|Interest calculation method||Conform method|
|Maturity date||6 or 12 months of the date when term deposit account was opened|
|Beginning of use||Date when term deposit account was opened|
|Collaterals||Telenor banka guarantees for the invested assets on the RSD term deposit account with its total assets in accordance with the agreement.|
|Number of products per client||You can have an unlimited number of term deposit accounts|
* The total amount of deposits per client can be RSD 20,000,000.