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Working hours: MO-FR 09:00-18:00
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Online Innovation

Update date: 18 February 2021, 18:27

Name of deposit

Online Innovation

Type of deposit

Term deposit

Minimum amount of deposit

100 USD

Placement term

24 months

Annual interest rate

5%

Interest payment

Monthly/the interest due on the deposit is automatically transferred monthly to the account of the Depositor of the demand deposit (mobile).

Capitalization opportunity

No

Possibility to replenish

Yes/During the first 12 months once a month

Minimum amount of additional contribution is 100 (one hundred) USD;

Partial withdrawal option

Yes/ in this case the minimum deposit balance must be at least 1000 (one thousand) USD;

Possibility of prolongation

No

Other special conditions

The deposit is accepted through the mobile application called TrustPay

In case of early closure of the deposit, the accrued interest on the deposit, for the full month of its storage, will be paid to the Depositor in the following order:

a) When storing a deposit for a period of less than 6 months, accrued interest is not paid;
b) When storing a deposit for a period between 6-9 months, the interest on a deposit is accrued and paid at a rate of 4 % per annum;
c) When storing a deposit for a period between 9-12 months, interest on a deposit is accrued and paid at a rate of 4.5 % per annum;
d) When storing deposit for a period of between 12-24 months, interest on a deposit is accrued and paid at a rate of 5 % per annum;


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