Rental Savings

Enjoy the monthly source of income...


The rental savings is a special savings product of Komercijalna banka, which enables you to earn interest in the course of term deposit duration, which will be effected as the payment of rent, that is, as the additional regular income. The Bank will transfer the interest to the sight account on monthly basis, upon which the same will be at your disposal.

For rental savings the Bank receives the following currencies: EUR and USD with minimum deposit of EUR 1.000, or counter-value in USD. Funds can be deposited for terms of 6, 12, 24 or 36 months.
The Bank manages deposits received from private individuals in the currency they were placed, without additional indexation.

The client, the holder of the term deposit, according to the terms indicated in the previous paragraph, is entitled to be informed by the Bank, 15 days prior to expiry of term depositing, about the term for which the Contract shall be extended and about any new interest rate; he/she is also entitled to terminate the Contract within 30 days from the date of receipt of such information at the latest, free of charge and with the interest accrued as agreed for the expired term period.
The funds can be disposed of after the date stipulated in the Contract.
Savings deposits shall be automatically transferred on demand savings deposits upon the expiry of the initial term, and the savings account shall be automatically liquidated.
In case of rental savings there is no option of partial disbursement of funds in the course of term deposit duration. Exceptionally, the Bank may approve the termination of the Contract before the term expiry, following the client’s written request, and with recognition of interest on demand deposits, applicable at the time of term depositing termination.

 

The applicable interest rate for term deposits with monthly posting of interest, depending on the term of the EUR and USD:

TERM

Interest rates per annum

EUR

USD

6 MONTHS

NIR

0,20%

0,60%

EIR

0,17%

0,51%

12 MONTHS

NIR

0,45%

1,00%

EIR

0,38%

0,85%

24 MONTHS

NIR

0,75%

1,15%

EIR

0,64%

0,98%

36 MONTHS

NIR

1,00%

1,50%

EIR

0,85%

1,27%

 

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