What is an Individual Savings Account?
A liquid investment account to accumulate and save money that the customer doesn’t intend to use for daily expenses.
The interest calculation is based on the daily balance and will be credited into the account at the end of each quarter. For more information please refer Savings.
How can I open a Saving Account?
Saving Account can be opened any time in the network branches of BKT with a valid Identification Document. If you are an existing customer, you can open your Saving account by yourself, by using “Internet” branch or BKT Smart application by choosing the option ‘open a saving account’ and the respective currency.
You can open a saving account for respective currency: ALL, EUR, USD and GBP.
Is there any maintenance fee for a Saving Account?
It is free of charge to open a new Saving Account. The minimum amount of 1500 All or 15 in foreign currencies will be enough to open a saving account. The minimum must be as a balance during all the time the saving account is opened and it will not be applied any maintenance fee.
You may check the interest rates of saving account for respective currencies on our Interest Rate Bulletin.
What are the benefits of a Saving Account?
Saving account in BKT offered the flexibility of unlimited credit transactions. In the saving account, any time, by every interested person may be performed deposit transactions, or credit the incoming transfers for any kind of amount. Standing instruction eases the process to save money.
The higher the amount you keep on your account the higher the interest amount you profit.
I’m unable to make a payment from my savings account.
Some savings accounts will not permit Payments. This is because our savings accounts are designed to put money aside and grow balances over time and not for ‘day to day’ payment facilities. You suits may find a current account better your needs if you need to pay bills, make purchases, or send money and make Payments.
If you are still looking to make a payment from your savings account and hold a current account with us, you can transfer funds from your savings account into your current account by using our Internet ‘Branch’ or BKT Smart application
If you don’t hold a current account with us, then please visit one of our branches.
How much will be my interests (profit) by having a saving account?
The interest calculation is based on the daily balance and will be credited into the account at the end of each quarter or at the closure moment. The higher the amount you keep on your account the higher the interest amount you profit. Take a look on our Interest Rate Bulletin for the saving account on respective currency.
As per law requirements, the bank is obligated to maintain withholding tax on bank interest provided by law and applicable at the time the interest benefit from the client.
How do I close a savings account or any other account?
The savings accounts can be closed only in branch. However, some products are subject to early closure charge. See your account conditions to find out more on our Terms & Conditions.