A business term deposit is a saving account with fixed maturity and interest on deposits.
What are the benefits of term deposits?
Flexible maturity period ranging from 1 month to 60 months
There are no commission fees charged for opening or maintaining the account
Automatic contract renewal
Security of your funds
In addition, Banka Ekonomike offers many options for term deposits (locking away your funds for a set time):
Automatic term deposit with two options:
Reinvesting of capital for another term + interest
Term deposit only of capital, whereas the interest is transferred to your current account
Interest earned automatically can be transferred to other accounts within Banka Ekonomike such as: savings accounts, current accounts etc.