Question 1

Commission and taxes

Accepted Answer

The Bank does not collect any service fees, redemption fees or commission. Capital income tax is deducted from interest payments each time.

Question 2

Deposits and withdrawals

Accepted Answer

The account is always open for deposits and withdrawals and there is no minimum deposit. Each deposit is locked in for 10 days. You can transfer money using the online bank or app. Withdrawals can be made at any of our service points, if all conditions for withdrawal, including valid ID or the account holder's official authorisation for withdrawal. The proxy holder shall prove his/her identity in the same way as the account holder. If a power of attorney has been signed, then the proxy holder shall submit a copy of the power of attorney for safekeeping at a branch.

Question 3

General Terms and Conditions

Accepted Answer

The account is a non-indexed account with a variable rate. The Terms and Conditions of the account are subject to the Bank's decision at any given time. Information on the terms of the account can be found in the Bank's interest table. Otherwise, the general terms  and conditions of deposit accounts apply.

Question 4

Interest period

Accepted Answer

The interest period is from the 1st  day of the month to the last day of the month. Interest is added to the principal amount at the end of each month.

Question 5

More info

Accepted Answer

The creation and handling of an account is, in addition to the afore-mentioned Act on Anti-Money Laundering and Anti-Terrorist Financing measures against money laundering, subject to the Legal Competence Act and other provisions of the law that deal with the handling of Legal Entities, as applicable at any given time. Any payment difficulties experienced by commercial banks, savings banks and securities companies are guaranteed by the Depositors' and Investors' Guarantee Fund. Further information on what is covered can be found on the fund's website.

Question 6

Opening an account

Accepted Answer

You can open an account at one of our branches or through the online bank. Both individuals and legal entities can open an Interest Rise Account and parents/guardians can open an account for those underage.

Interest Rise

Next steps

Main benefits

Gradually increasing interest rates

Why choose Interest Rise?

With interest rise time is on your side

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Further information and Terms

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Have a look at our interest rates

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