Financing
Savings
Daily banking
Other services
"Urbo" is a new bank name
Savings deposits
A savings deposit is a flexible way to save money. Unlike a term deposit, you can increase the deposit amount at any time by making additional contributions. You can easily open a savings deposit through Internet Banking or by visiting a bank branch.
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The minimum initial deposit is 100 EUR, 100 USD, or 100 GBP. After opening the deposit, you can make additional contributions of any amount at any time
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Interest is calculated monthly and credited directly to your savings deposit account on the last day of each month. This allows you to benefit from the compound interest effect, as future interest is earned on both your principal and previously credited interest.
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If you choose to withdraw the entire deposit and terminate the agreement before its maturity, no interest will be paid.
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The detailed information about the terms and conditions of deposit insurance, cases when deposits are not insured and when restrictions on deposit insurance payouts apply, is provided on the website of the public institution "Deposit and Investment Insurance".
For more information you can read here.
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