It's an excellent combination of a short term deposit with the high interest of a long term deposit.

With the "6x6" term deposit you receive additional interest for every new period for which you renew your deposit. In the meantime you do not lose the interest accrued over the preceding period should you choose to terminate the deposit prematurely.

Deposit Features:

Currencies

USD, CAD, GBP

Minimum Amount

CAD 200 or equivalent in other currencies

Terms

minimum: 6 months
maximum: 3 years

Period of interest payment

every 6 months

Interest Rate– yearly basis

For the first 6 months period, the interest rate is the same to the interest rate for a regular six months deposit in the respective currency, in accordance with the effective bulletin of the bank.
For every consecutive 6 months period, the client will receive an additional 0.3% yearly basis interest for the deposits in GBP, 0.15% and 0.10% respectively for the deposits in CAD and in USD

Interest Payment

Depending on the customers preference, at the end of each six months period, the amount of interest can be paid
- in the current account of the customer
or
- added to the principal

Can you decrease the principal?

The customer cannot decrease the principal at the end of each 6 months.
The decrease of the principal is considered as a breaking of deposit and for the remaining amount should be signed a new contract according to the terms and conditions of the bank in that moment.

NOTE

The Citizens National Bank of Southern Ohio, shall not release deposit account booklets. The document that the bank provides for the client is the contract as per the respective product chosen by the client.

The Deposit in The Citizens National Bank of Southern Ohio is insured for the amount up to 2.500.000,00 (two million and five thousand) Lek by the Deposits Insurance Agency according to provisions of Law no. 53/2014, date 22.05.2014 "On the Deposits' Insurance".

Deposit Interest Rates: