Privatbanka, a.s.
Slovakia
(A+)
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> Deposit Guarantee protection Up to €100,000 payout in EUR
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Rate
Term
Currency
Product Type
Gross rate
3.00%
AER
2.83%
Compound interest
No
Term
5 Years
Availability
When the deposit reaches maturity
Interest capitalisation?
No, Interest is paid at maturity
Interest payment
At maturity
Interest type
Fixed - The rate won't change for the entire term.
Renewal
You can choose to extend this deposit if you enable the option in your Raisin Account
About the Bank
Founded in 2005, Privatbanka in Bratislava, Slovak Republic, was the first bank in Slovakia to specialize in private banking services, individual investment strategies and tailor-made investment solutions for wealthy clients. The bank has also expanded its activities to other areas, in particular corporate banking and retail banking with fixed-term deposits and corporate bonds.
Deposit Guarantee Scheme
Deposits - including accrued interest - are guaranteed up to an amount of EUR 100,000 per customer and bank by the Slovak Deposit Guarantee Fund. Within the European Union, the minimum requirements for the deposit guarantee system of individual member states have been harmonized by EU Directives 1994/19/EC, 2009/14/EC and 2014/49/EU. Please note that deposit coverage refers to the totality of deposits a customer has with a bank. This is relevant if a customer has not only deposited money with a bank through Raisin, but also holds other deposits with the bank.
Tax process and documentation
In principle, a withholding tax of 19% is levied on in interest in Slovakia, but this can be reduced to 0%. To reduce the withholding tax, a certificate of tax residence must be submitted no later than five days before the first interest payment and for each additional calendar year thereafter.
Raisin Bank's role
With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.