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Overnight deposit
Overnight deposit
Overnight deposit agreement is concluded for an unspecified term. It is possible to place large amounts of money on this deposit profitably, at the same time ensuring maximum liquidity. Interests earned on the overnight deposit are always transferred to the customer’s current account on the next morning.
It’s important to know:
- Deposit amount: the minimum amount which can be deposited is EUR 60 000 or USD 100 000.
- Currency of deposit: overnight deposit may be in euros and US dollars.
- Interest rate: the interest rate of the deposit is expressed as percentage per annum. Interest is calculated on an ACT/360 basis.
Interest rates of the overnight deposit
| Currency | Range of amount | Interest rate * | |
| Base interest rate | Margin | ||
| EUR | 60 000 – 124 999 | Overnight deposit rate | 0.15% |
| 125 000 – 189 999 | Overnight deposit rate | 0.10% | |
| 190 000 – 254 999 | Overnight deposit rate | 0.05% | |
| Over 255 000 | Overnight deposit rate | 0.00% | |
| USD | 100 000 – 199 999 | Overnight deposit rate | 0.15% |
| 200 000 – 299 999 | Overnight deposit rate | 0.10% | |
| 300 000 – 399 999 | Overnight deposit rate | 0.05% | |
| Over 400 000 | Overnight deposit rate | 0.00% | |
*Interest rate is calculated as follows: the current overnight deposit rate minus the margin set on the range of amounts.