RiverBank S.A. provides products and services in the areas of SME lending, retail savings. RiverBank S.A. offers a range of products including term loans, amortizing loans, savings accounts, time deposit accounts (0.71 - 1.10 %). RiverBank S.A. makes its solutions available to individuals, SMEs, real estate companies.
Products and services offered by RiverBank S.A. are available at its branches and via its online banking system, mobile application.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
RiverBank S.A. offers the following time deposit accounts.
Updated on 4 December 2020
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with RiverBank S.A. are covered by deposit guarantee scheme of Luxembourg up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Luxembourg is not taxed. Interest gained on time deposit accounts by residents of Luxembourg is taxed at 10.00% rate. When the interest is paid, this tax is automatically withhold by RiverBank S.A. from the time deposit account.