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Contact
contact@kb.com.mk

contact center:
(02) 3 296 800

FX demand savings deposits and standard term savings

 

FX demand and fx term savings of Komercijalna Banka AD Skopje are a flexible way of saving money and increasing the amount of your invested money. The possibility to choose the term deposit period and the respective interest rate enables you to create the savings product that is most suitable for you.

 

The Bank shall issue a passbook for your fx savings deposit, in which it shall record payments, withdrawals, balances and calculated interest under the savings deposit. A passbook may be opened against presentation of identity card or passport for domestic citizens and passport for foreigners at any counters of the Bank’s city-branches in Skopje and city-branches and branches throughout the country.

 

Interest rates

 

Interest rates are on annual basis and are fixed for term deposits on 1m, 3m, 6m, 12m, 24m and 36 months and are applicable for all currencies indicated in the Table below, except for EUR currency.

 

As for the fx savings deposits in EUR, fixed interest rates shall apply for term savings deposits on 1m, 3m, 6m and 12 months, while the interest rates for term savings deposits on 24m and 36 months are variable.

 

The interest is calculated and paid out at the end of the term.

 

  • Minimum amount for a term savings deposit is EUR 15 or equivalent in other currency.

 


The interest rate paid by the Bank on foreign currency demand and term savings deposits shall be as follows:



Currency: At demand on 1 m on 3 m on 6 m on 12 m on 24 m on 36 m
Euro (EUR) 0.01% 0.02% 0.04% 0.05% 0.30% - -

American Dollar (USD)

0.01%

0.01%

0.03%

0.04%

0.07%

0.10%

0.30%

Pound Sterling (GBP) 0.01% 0.02% 0.03% 0.04% 0.10% 0.15% 0.30%
Swiss Franc (CHF) 0.001% 0.001% 0.001% 0.001% 0.001% 0.001% 0.001%
Canadian Dollar (CAD) 0.01% 0.02% 0.03% 0.04% 0.15% 0.30% 0.50%
Australian Dollar (AUD) 0.01% 0.30% 0.40% 0.50% 0.70% 0.80% 1.00%

 

Minimum amount of term savings deposits

 

  • for term savings deposits on 1m – EUR 1,500.00 or equivalent in other currency.

 

For fx term savings deposits in EUR on 24 and 36 months, the Bank applies variable interest rate, indicated in the Table below:

 

For EUR term savings deposits on 24 months - Reference interest rate increased by 0,80 p.p.

For EUR term savings deposits on 36 months - Reference interest rate increased by 1,10 p.p.

 

 

Term Interest rate Interest payment Applicable from
on 24 months 0.80 Upon term expiry 01.04.2017
on 36 months 1.10 Upon term expiry 01.04.2017

 

 

For fx deposits over EUR 50,000.00 the Bank offers stimulation interest rates, which, depending on the maturity and the deposit extent are between 0,19% - 2,60%.

 

Total clients’ deposits with the Bank are insured at the Deposit Insurance Fund. The Fund shall indemnify total deposits by client depositor (Personal Reg. No.) but not exceeding denar equivalent to EUR 30,000 in a single bank, branch of any foreign bank or savings house, calculated at medium exchange rate of NBRM. This amount shall cover the deposit principal amount, calculated and added interest, as well as the undue interest until the date of effectiveness of the Decision. If your deposit exceeds the legally prescribed maximum, you shall have the right to claim that part of the amount from the bankruptcy estate of the Bank.



Contact persons



Ivan Karev, Head of Savings Unit
Phone: (+389 2) 3168-262
Fax: (+389 2) 3211-300
e-mail: ivan.karev@kb.com.mk

Cveta Josifovska,  Savings Unit Control Officer
Phone: (+389 2) 3168-189
Fax: (+389 2) 3211-300
e-mail: cveta.josifovska@kb.com.mk