Demand deposit

Earn interest
on the money on the current account

For retail customer an annual interest rate of 0.01% is applied to demand deposits, i.e. the money on the account
You will earn interest if there is at least 18,000 € on your account. The smallest sum paid is 1 cent
For a legal entity’s business current account exceeding 20,000 euros, we pay interest on demand deposits at a rate of 0.8% per year. See more details in the price list
We pay out the interest on demand deposits on a monthly basis on the fifth day of the following month

Example: Your current account balance is 18,000 euros.

First, we calculate the daily interest amount.
$\frac{0.01%}{360 days} \times 18,000 € \approx 1 cent$
If the daily interest is 1 cent, then you earn 3.6 euros in interest per year.
$1 cent \times 360 days = 3.6 €$

Example: Your current account balance is 100,000 euros.

First, we calculate the daily interest amount.
For a business current account exceeding 20,000 euros, we pay interest at a rate of 0.8% per year.
$\frac{0.01%}{360 days} \times 20,000 € + \frac{0.8%}{360 days} \times 80,000 € \approx 1.78 €$
If the daily interest is 1.78 euros, then you earn 640.8 euros in interest per year.
$1.78 € \times 360 days = 640.8 €$

Starting from 2018, the state will tax the interest earned on the deposits of private individuals.
Read more