alt=”Conditions for extending agreement on deposit/savings with automatic renewal” title=”Conditions for extending agreement on deposit/savings with automatic renewal”/>

Conditions for extending agreement on deposit/savings with automatic renewal

Agreed automatic renewal for your deposit/savings.

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Automatic renewal for your deposit/savings

By its expiry, your deposit/savings is renewed under the following conditions

Automatic renewal with the same type of interest rate

Deposit/savings is automatically renewed with the same type of interest rate which was agreed, fixed or variable.

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In case automatic renewal was agreed for you deposit/savings, upon its expiry, it will be renewed under the following conditions

  • To the same deadline
  • With new interest rate valid on the day of extending agreement. Term deposit  are available in all branches of the Bank
  • Deposit/savings is automatically renewed with the same type of interest rate which was agreed, fixed or variable. Variable interest rate consists of referent interest rate valid on the day of extending Agreement (variable part of interest rate) and corrective factor (invariable part of interest rate).
  • Deposit/savings owner has the right, if he/she does not want to extend it, without fee and with interest agreed for the expired term period, to terminate the Agreement on general-purpose term deposit in domicile currency at the latest in 30 (thirty) days as of receiving the notification.

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