This November, your savings are worth more at Zapad banka. From October 31 to November 30, open a term deposit, draw your bonus interest rate and earn annual interest of up to 3.60%.
It’s simple! Choose your deposit amount and term, then draw your lucky ball before signing the agreement. Each ball reveals an interest rate bonus of between 0.10 and 0.50 percentage points.
Every draw is a winning draw – each ball increases your interest rate. Your final interest rate is the promotional interest rate plus the bonus drawn.
Standard term deposit – interest is paid at maturity.
Term deposit with monthly interest payments – interest is paid each month, providing regular income throughout the deposit term.
You can place an individual term deposit of up to EUR 100,000, or the equivalent amount in USD, for 12, 13, 24 or 36 months. The offer is available to new and existing customers, individuals and legal entities, residents and non-residents.
The rates shown are nominal interest rates (NIR). The final interest rate is the sum of the promotional interest rate and the interest rate bonus awarded in the draw. The ranges show the minimum and maximum possible rates.
A total of 20 draw balls are available at all times, offering five possible interest rate bonuses: ten balls award 0.30 percentage points; four balls each award 0.20 and 0.40 percentage points; and one ball each awards 0.10 and 0.50 percentage points.
Standard Term Deposit
For a term deposit of EUR 50,000.00 over 24 months, the promotional annual nominal interest rate (NIR) is 2.70%. Assuming the customer draws an interest rate bonus of 0.30 percentage points, the total fixed NIR is 3.00%, and the effective interest rate (EIR) is 3.00%. At maturity, the total deposit including accrued gross interest amounts to EUR 53,045.83.
For a term deposit of EUR 50,000.00 over 36 months, the promotional annual nominal interest rate (NIR) is 2.90%. Assuming the customer draws an interest rate bonus of 0.30 percentage points, the total fixed NIR is 3.20%, and the effective interest rate (EIR) is 3.20%. Total gross interest over the deposit term amounts to EUR 4,730.89 and is paid monthly, while the principal is repaid at maturity. The total deposit and accrued gross interest over the term amount to EUR 54,730.89.
The examples assume an interest rate bonus of 0.30 percentage points. The final interest rate depends on the bonus drawn and is confirmed before the agreement is signed.
Draw your bonus interest rate and open a term deposit at Zapad banka branches in Kotor, Budva, Nikšić, Berane and Podgorica (Moskovska 2a and Kralja Nikole 21).
Deposits are protected under the Deposit Protection Law through the Deposit Protection Fund. The standard guaranteed amount is up to EUR 50,000 per depositor, per credit institution, until Montenegro joins the European Union (EU). From the date Montenegro joins the EU, the insured deposit amount will be up to EUR 100,000.00 per depositor, per credit institution.
Visit a Zapad banka branch, open a term deposit and draw your bonus interest rate.
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