Grandioso
MDL/USD/EUR
Fixed every 6 months
1 000 MDL 100 USD/EUR
No
Monthly
No
Any resident and non-resident individual with full legal capacity, as well as persons aged over 14 without full legal capacity, but have the right to place deposits in the Bank, are eligible to open a bank deposit account.
The deposit agreement may be terminated before the expiry of the term, in accordance with the provisions of the agreement and the legislation in force.
In the event of termination of the agreement, at the Depositor’s request, the Bank shall return the funds deposited in advance, within 10 calendar days from the date of the Depositor’s submission of the Request for termination of the deposit agreement with 100% interest payment after every 6 full months.
In the event of termination of the deposit agreement, including due to early withdrawal of the full/partial amount of the deposit, the Bank shall return to the Depositor the funds deposited with partial payment of interest calculated depending on the time of termination. The amount of interest already paid to the Depositor until the termination of the agreement shall be withheld in full or in part by the Bank from the amount of the deposit to be returned to the Depositor in connection with the termination of the deposit agreement.
Thus, in the event of termination of the deposit agreement:
- the first 6 months from the date of deposit – interest is not paid;;
- after 6 months but up to 12 months from the date of deposit – 100% of the interest calculated for the first 6 months is paid;
- after 12 months but up to 18 months from the date of deposit – 100% of the interest calculated for the first 12 months is paid;
- after 18 months but up to 24 months from the date of deposit – 100% of the interest calculated for the first 18 months is paid;
- after 24 months but up to 30 months from the date of deposit – 100% of the interest calculated for the first 24 months is paid;
- after 30 months but up to 36 months from the date of deposit – 100% of the interest calculated for the first 30 months is paid;
- Upon withdrawal of the deposit after the expiry of the 36-month term, – 100% of the interest calculated for the term of the deposit is paid.
Why Grandioso deposit?
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Possibility to terminate the agreement early without losing all the interest.
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Advantageous interest rate.
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No set-up and closing fees.
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FAQ:
The customer can open one or several deposit accounts in national and/or foreign currency, according to the Conditions of deposits of individuals, with one or several branches of the Bank.
Moldindconbank does not charge any fees for opening and closing a deposit account.
A customer’s representative can open a deposit account by submitting the following documents:
- Identity card (in original) of the depositor’s representative;
- Notarized copy of the depositor’s identity document;
- Power of attorney (in original or its notarized copy).
The interest is calculated starting from the day following the day of opening of the deposit account, on a daily basis, until the day the deposit is due, including, based on the current balance of the deposit account, the number of calendar days in the year (365 or 366) and the interest rate in force as of the interest calculation date.
The interest rate may change in case of floating and mixed rate deposits, when the Bank changes the amount of the interest rate depending on the market evolution.
In the event of a change in the interest rate on the deposit, the Bank informs the Depositor about it, by displaying the relevant information at the counters of its branches and agencies and on the website of the Bank, at least 15 calendar days before. At the end of this term, the Bank will apply the new interest rate to the deposit balance. The Depositor shall independently monitor the published information about the change in interest rate.
In accordance with the Law No. 212 of July 20, 2023, for the amendment of some regulatory acts, the amount of the tax on the interest income from the accounts of individuals was changed.
Thus, from January 2024, the tax withheld from interest income is 6%.
The tax is withheld at the time the interest is paid.
To facilitate the tax administration process, individuals will not be required to submit the Personal Income Tax Statement, as that income is taxed by final withholding.
For example, if the Bank calculates, for a certain period, an interest amounting to MDL 100 , then the amount of the tax will be MDL 6 (100*6%), and the customer receives MDL 94 (the interest minus the withheld tax).
The funds held in the bank accounts of the Customer are guaranteed in accordance with the Law no. LP160/2023 of 22.06.2023 on guaranteeing deposits of individuals in the banking system.
The deposit guarantee ceiling (the maximum amount payable to a depositor) is MDL 200,000, regardless of the number and amount of deposits or their currency.
The amount of the Bank obligation to the depositor is calculated by summing up all its deposits, including the interest due and unpaid on the date of ascertaining the unavailability of the deposits.
The deposit agreement may be terminated before term, according to the provisions of the agreement and the legislation in force. In this case, the Bank will return the deposited funds ahead of schedule within up to 10 calendar days from the date of submission by the Depositor of the Application for Termination of the Deposit Agreement and without payment of the calculated interest. The amount of interest already paid prior to the termination of the deposit agreement will be withheld from the deposit amount to be returned to the Depositor, due to the termination of the deposit agreement (unless otherwise provided by the deposit terms and conditions). The request for termination will be valid for 20 calendar days from the submission of the Request for Termination of the Deposit Agreement.