March 15 2026
BankB has announced that the interest rates on its term deposit accounts with terms ranging from 2 to 8 years will be lowered. This change will take effect on March 2, 2026.
For a term deposit with a term of 2 years, the annuity from 2,30% to 2,20%. For a 4-year term deposit, the interest rate is reduced from 2,35% to 2,25%. This account can only be opened at the offices of the sofa.
Term deposit accounts with terms of 5 and 7 years will see their interest rate reduced from 2,50% to 2,30%. For term deposit accounts with a term of 8 years, the interest rate will be reduced from 2,50% to 2,40%.
It's important to note that the interest on term deposits is gross. This means that a 30% withholding tax must be deducted from the interest amount to determine the net amount the saver ultimately receives.
When will the new interest rates on BankB term deposits take effect?
The new interest rates will take effect from March 2, 2026.
What is the interest rate reduction on term accounts from 2 to 8 years at BankB?
The interest rate on 2-year term deposits will fall from 2,30% to 2,20%, for 4 years from 2,35% to 2,25%, for 5 and 7 years from 2,50% to 2,30%, and for 8 years from 2,50% to 2,40%.
How is the saver's net amount calculated?
The net amount is calculated by deducting 30% withholding tax from the gross interest amount on the term account.
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