RiverBank S.A.

Business Summary

Products
Area Served
LULuxembourg
DEGermany

The range of products offered by RiverBank S.A. includes time deposit accounts (0.85 - 1.05 %).

Products

Time Deposit Accounts

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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 28 February 2020

Festgeld
Sales Region
DEGermany
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.85 - 1.05 %
Deposit Term
36 - 72 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.85 %
Max. Interest Rate (p.a.)
1.05 %
Min. Deposit Term
36 months
Max. Deposit Term
72 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

DEGermany: 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.

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