FAQ

A fixed-term deposit is a savings product where you place a set amount of money for an agreed period at a fixed interest rate with a bank.
Unlike a regular savings account, the interest rate does not change during the term.

Funds placed in a fixed-term deposit with our partner bank are protected under the mandatory EU deposit guarantee scheme up to €100,000 per depositor.
That means even in the unlikely event of a bank insolvency, your deposited capital and accrued interest are covered up to the protected limit.

When you open your fixed-term deposit account, you can choose different interest payment frequencies:

At maturity — interest accrues and is paid together with the principal at the end of the term

Annually — interest is paid once per year

Quarterly — interest is credited every 3 months

Monthly — interest is credited every month

How interest is credited can affect your effective return if you choose a crediting pattern with periodic payouts.

Interest is calculated at the agreed fixed rate for your selected term. The system uses a 365-day basis to estimate returns. The actual payout you receive may vary slightly depending on crediting frequency and bank conventions, but the rate you lock in remains binding for the term.

The calculator shows indicative results to help you plan—figures become binding only once the account is formally opened.

Fixed-term products are usually offered in standard steps, for example:

• 6 months
• 12 months
• 24 months
• 36 months
• 60 months

Longer terms typically pay higher fixed rates, but you should pick a horizon that matches your personal liquidity needs.

Fixed-term deposits are designed to reward commitment. In most cases:

• Early withdrawals are not allowed
• If a withdrawal is allowed, penalties may apply
• You may lose interest already earned.

Before you open an account, make sure the funds you deposit can remain untouched until maturity.

Yes—if you choose a payout frequency other than “paid at maturity”, interest may be credited to your linked account.

From there you can reinvest it into another deposit or savings product, depending on available rates.

Our fixed-term deposit product has:

No application fees
No administration fees
Transparent terms and conditions

Any fees related to transfers or external banking services are shown clearly before you confirm your account.

Yes—you typically need a primary current or savings account with the partner bank before a fixed-term deposit account can be opened. The process will guide you through account setup where required.

Fixed-term deposits offer predictable and often higher returns when you can commit funds for a set term.

Fixed-term deposit accounts are held in the same currency as the deposit—typically EUR.
There is no currency risk if you deposit in euros and do not convert amounts.

Interest earned may be subject to local taxation according to your jurisdiction.
We recommend speaking with a tax adviser to understand how deposit interest is taxed in your country.

Absolutely. Before you confirm your fixed-term deposit account, the full terms and conditions are shown, including:

• Interest rate and payout details
• Deposit protection details
• Rules for early withdrawals
• Applicable fees
• Regulatory disclosures

Once your deposit is made and the term is active, the interest rate is fixed and does not change for the entire term—even if market rates rise or fall.