Interest Bearing Current Account
"Interest bearing current account" ‐ bank product which is providing interest accrual on current account daily balances of corporate clients using different types of interest rates such as:
"Interest bearing current account" of OTP Bank stands for
![Advanced interest on account and flexible management of funds Advanced interest on account and flexible management of funds](/upload/images/icons304px/89.jpg)
Advanced interest on account and flexible management of funds
![Effective revenue while using an account to support daily operations Effective revenue while using an account to support daily operations](/upload/images/icons304px/16.jpg)
Effective revenue while using an account to support daily operations
![Benefits from using up-to-date and effective banking solutions in everyday business Benefits from using up-to-date and effective banking solutions in everyday business](/upload/images/icons304px/6ea877812a61bcdc53560d30b5be8856.png)
Benefits from using up-to-date and effective banking solutions in everyday business
These types of bets are used
- Fixed interest rate means accrual of the “fixed” interest irrespective of the amount of account balance.
- Floating interest rate means accrual of the "floating" interest which varies daily depending on interbank bid rates floating.
Interest rate (per annum):
UAH | USD/EUR |
Rate o/n KIEBID * 0,50 | Rate o/n LIBOR |
- Threshold interest rate mean accrual of “fixed” interest depending on amount of account balance (the higher account balance amount is, the higher interest rate is applied)
Interest rate (per annum):
UAH | USD | EUR | |||
amount | % | amount | % | amount | % |
0,00 – 250 000,00 | 0,75% | 0,00 – 50 000,00 | 0,1% | 0,00 – 50 000,00 | 0,01% |
250 000,01 – 500 000,00 | 1% | 50 000,01 – 100 000,00 | 0,1% | 50 000,01 – 100 000,00 | 0,01% |
500 000,01 – 5 000 000,00 | 1,5% | 100 000,01 – 1 000 000,00 | 0,1% | 100 000,01 – 1 000 000,00 | 0,01% |
5 000 000,01 – 30 000 000,00 | 2% | 1 000 000,01 – 5 000 000,00 | 0,1% | 1 000 000,01 – 5 000 000,00 | 0,01% |
above 30 000 000,00 | 2,75% | above 5 000 000,00 | 0,1% | above 5 000 000,00 | 0,01% |
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