"Time deposit – interest in advance"

"Time deposit – interest in advance" is the opening of a time interest deposit account for individuals.

Basic conditions of opening the deposit account:

• The minimum deposit amount is 10,000 KGS;
• Interest payment is performed at the beginning of the term, on the day of deposit placement;
• Possibility of replenishment is not provided;
• Partial withdrawal is not provided;
• Early termination:

- before the expiry of the  first 12 (twelve) months of the deposit term - interest on the deposit is recalculated at the "on demand" deposit rate set by the Bank at the time of repayment of the deposit amount**, wherein the previously overpaid amount of interest is subject to deduction from the principal amount of the deposit;

-  if the deposit is terminated after the first 12 months of the deposit term, the interest on the deposit is recalculated at the rate according to the Bank's Rates effective on the day of the agreement depending on the actual term of the deposit, while previously paid interest on the time deposit is subject to deduction from the principal amount of the deposit.

Interest rates***:

Effective interest rate in soms up to 14,3%

* Demand deposit rate - 0%.

** The interest rates shown in the table are annual.

NOTE: The bank reserves the right to change and set individual rates.

Rules for opening and maintaining Bank accounts in "Keremet Bank" OJSC