We have designed a term deposit that enables SMEs and freelancers to plan their company’s cash management and get an excellent return on short-term deposits, with the peace of mind of being able to take their money out at any time without penalty charges on invested capital.
Term: 12 months.
Payment of interest: quarterly.
Minimum amount: €5000.
Reference index: 3-month EURIBOR plus a spread that grows each quarter.
Early withdrawal: the penalty will be the interest for the then current quarter that has not yet been paid for the amount withdrawn.
