Updated on 26 November 2020
KentBank is a modern universal bank, providing a broad range of retail and business banking products and services with the focus in retail and SME segments. KentBank offers products and services individually tailored and adjusted to the needs of each client, either a natural person or a business entity.
KentBank is a modern universal bank, providing a broad range of retail and business banking products and services with the focus in retail and SME segments. KentBank offers products and services individually tailored and adjusted to the needs of each client, either a natural person or a business entity.
Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Croatia: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 12 month to 7 years (84 months). The interest rates are within the range 0.05 - 0.95 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Croatia.
Average Deposit Rates. In March 2020, average annual deposit interest rate in local currency (Croatian kuna) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.09 %.
Country Deposit Rating. Croatia's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Baa1 (lower medium grade).
Deposit Guarantee. Time deposit accounts made with credit institutions in Croatia are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. Interest gained on time deposit accounts by residents of Croatia is taxed at 12.00% rate. Interest gained on time deposit accounts by non-residents of Croatia is taxed at 12.00% rate. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.
