Bank deposit – a possibility to increase your savings securely.
Advantages and useful information
Advantages of deposits with BC Moldindconbank S.A.
Free bank deposit card.
Variety of products.
Zero fees for opening and closing the deposit account.
Quality consulting services.
Without setting the maximum limit for the deposit amount.
Security and transparency of BC Moldindconbank S.A.
Zero fees for opening and administration of the current account.
How to open a deposit account?
At any subdivision of the Bank having only the original identity document.
For the customer’s representative, the following shall be submitted additionally:
- Authenticated power of attorney or other legal act granting the appropriate powers to the customer’s representative, in accordance with the legislation in force;
- Notarized copy of the depositor’s identity document.
Example of interest calculation
Deposit product – Colind 2025;
Deposit term – 12 months;
Deposit amount – MDL 200,000;
Interest rate on the deposit date – 4% annualy;
Interest rate type – fixed first 6 months;
Opening date – 02.12.2024;
Maturity date – 02.12.2025;
Date of the deposit return due to the maturity – from 03.12.2025, according to the working hours of the branch.
Note! The deposit interest shall be accrued starting from the day following the day of deposit opening until the day preceding the day the deposited amount is returned.
Interest amount for 1 month – (MDL 200 000 *4%)/(365 (366) days)*30 days = MDL 677,72
Interest amount for 12 months (02.12.24 – 02.12.25) – MDL 7 998.26
Amount of the interest tax for 12 months (02.12.24 – 02.12.25): 7 998.26 * 6% = MDL 479,90
Interest amount for 12 months (02.12.24 – 02.12.25) reduced by the tax amount – MDL 7 518,37
Rules of change in interest rate
The Bank has the right to change, unilaterally, the interest rate, depending on the evolution of the market. In the event of a change in the interest rate on the deposit, the Bank will inform the Depositor about it, by placing the information concerned at the counters of its branches and agencies and on the website of the Bank, at least 15 calendar days before the change.
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 the interest rate.
Are deposits guaranteed?
YES! The Bank Deposit Guarantee Fund guarantees deposits within up to MDL 100,000, per depositor per bank.
FAQ:
The customer can open one or several deposit accounts in the national and/or foreign currency, according to the Conditions of deposits for individuals and the General banking conditions for 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 evolution of the market.
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 100,000, 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 the term expires) under the terms and conditions 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 interest amount already paid until 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).