Cricket Savings

Enjoy the savings from an early age!
I am a cricket Cvrle,
a bank is my home
And in Komercijalna
I am saving with all my strength.
An old saying says:
„Whoever studies will know,
whoever saves will have."

 

CRICKET SAVINGS is intended for the youngest users of our Bank’s services.

By opening the CRICKET SAVINGS passbook, you will enable your children to:
•    Learn to save for their future needs 
•    Save just because it’s fun 
•    Learn how to be responsible and reasonable with the money 
•    Save and earn the interest under the most favorable conditions.
The children savings deposit is opened as foreign currency time-deposit savings in the name of the underage person in presence of his/her legal representative or guardian. All you have to do is to come to any of the Bank’s sub-branches with the birth certificate of your child and with your ID card.

Bank will accept Cricket savings deposits in EUR, USD and GBP for the time periods of 12, 24, 36 months or until your child’s coming of age, as follows:

•    12 months, until the 17th birthday 
•    24 months, until the 16th birthday 
•    36 months and term until lawful age up to 15th birthday of your child.
with a minimum amount of deposit of 10 EUR or an equivalent amount in other currencies

Holder of the fixed term deposit/legal representative/guardian under the terms set forth in the previous paragraph, shall reserve the right to be informed by the Bank 15 days before the expiry of the set fixed term about the period for which the Contract shall be extended and any new interest rate, and about the client’s right to terminate the Contract no later than 30 days as of the day of receipt of such notification, without compensation and with the interest stipulated for the expired fixed term.

Savings deposits shall be automatically transferred on demand savings deposits upon expiry of the initial term. Upon maturity of the last deposit the savings account shall be automatically liquidated.
The Contract concluded for a term until the lawful age shall cease to have effect on the day of the child’s coming of age, when the funds are transferred to FX demand deposit account. 
The funds are available upon expiry of agreed term. Exceptionally, payments are possible before the agreed date, with the adjustment of interest in line with the terms stipulated in such particular Contract.

The Bank shall manage the deposits received from private individuals in the currency in the deposited currency, without additional indexation. 
Cricket savings enables you to get the most favorable interest even in the case of termination of the Contract!

 

Overview of interest rates for Cricket fixed term savings deposits, depending on the term for EUR, USD and GBP: 

CURRENCY/

MATURITY

Interest rates per annum

12 MONTHS

24 MONTHS

36 MONTHS

Until lawful age*

EUR

NIR

0,75%

1,00%

1,30%

1,70%

 

EIR

0,64%

0,85%

1,11%

1,47%

USD

NIR

1,20%

1,35%

1,70%

1,90%

 

EIR

1,02%

1,15%

1,45%

1,65%

GBP

NIR

1,20%

1,20%

1,20%

1,40%

 

EIR

1,02%

1,02%

1,02%

1,21%

 

* Effective interest rate for Cricket savings until lawful age is expressed for maximum number of days until lawful age, or for maturity for the fixed term of 18 years

 

NOTE: The stated interest rates are expressed per annum. Effective interest rate (EIR) on foreign currency savings deposits is expressed in the amount of nominal interest rate reduced by 15% of tax on income from capital which the Bank pays for and on behalf of the client at the time of interest accrual. On term foreign currency deposits the Bank applies a fixed interest rate, using compound method of calculation.

 

Representative example

 

Foreign Currency Savings Standing Order

Komercijalna Banka appreciates your money and time and has, therefore, with the foreign currency, standing order enabled you to save or pay your liabilities without coming to the Bank! All you have to do is to choose the amount of money and the time when you want the Bank to make a transfer from your RSD or foreign currency current account to your foreign currency savings account.
Minimum amount of a single foreign currency standing order is EUR 30.

Standing order