Standard Time deposit 

 

Every individual customer of Tirana Bank, who is registered in the TiBank Platform, can open a term deposit at anytime and anywhere.

 1 - What deposits can you open on the TiBank platform?

On the TiBank platform you can open two types of deposits: Term Deposit and Monthly Income Fixed Deposit.

 2 - What are the criteria to open a deposit on the TiBank platform?

You must be registered on the TiBank platform and have sufficient funds in your account.

If the account is in the name of more than one beneficiary, the opening order for the Term Deposits will be enabled only for the joint account with the option "OR" selected by the beneficiaries according to the rules set out in the account opening documentation.

 3 - What are the characteristics of deposits opened in TiBank?

Term Deposit.

  • The minimum amount required for the Deposit is EUR 1,000/USD; ALL/100,000; GBP 1,000; CHF/1,000.
  • The Deposit holder is entitled to increase the amount of the Deposit (i) by 1 (one) month term only once; and (ii) for a period of three (3) months not more than three (3) times. For Term Deposits with 6, 12 and 25 months, the increase of the amount is not allowed.

Monthly Income Fixed deposit

  •  The minimum required Deposit amount is EUR/1,000; USD/1,000; ALL/100,000. Fixed Deposit does not provide with the opportunity to alter the amount locked in the deposit.
  • The deposit cannot be withdrawn before the deadline by the Deposit holder.
  • The Term of the Deposit is fixed for a period of 12 (twelve) months and shall not be renewed upon its expiration/maturity.

 4 - Can I renew the deposit on the maturity date?

Only the Term Deposit opened at Tirana Bank provides with the opportunity to automatic renewal.

 5 - Can I prematurely withdraw from a deposit account in TiBank?

  • Only Term Deposit opened through the platform can be withdrawn prematurely, only upon physical presence of the client at the Bank.
  • Monthly Income Fixed Deposit does not provide with the opportunity to prematurely withdraw.

 6 - When can you open a term deposit in TiBank?

You can open either of the two types of term deposit accounts on the TiBank platform at any time.

 7 - Are deposits opened at TiBank insured by ASD (Deposit Insurance Agency?

Deposits in Tirana Bank are insured by the Deposit Insurance Agency (www.asd.gov.al) pursuant to law no. 53/2014 "On deposit insurance", amounting to ALL 2,500,000 or the equivalent of this amount in foreign currency.

For further information kindly contact our branches throughout Albania or call InfoBank toll free number 0800 68 68

 

Long Term Deposit

 

Main features of Long Term Deposit:

  • Tenor: 3,4 and 5 years;
  • Currency: ALL, EUR, USD
  • Minimum deposit opening: ALL 100,000; EUR 1,000; USD 1,000
  • Annual payment of deposit interest;
  • Allowence of deposit breakdown before the maturity date according to client’s needs
  • Not allowable the increase of funds (partial /totally) before the maturity date
  • Not allowable the automatic rollover of the deposit;


Deposits with the Bank of Tirana S.A are provided by the Deposit Insurance Agency (www.asd.gov.al) under Law no. 53/2014 “On Deposit Insurance”, up to ALL 2,500,000 or the equivalent of this amount in foreign currency.

For further information please contact our branches throughout Albania or call:

InfoBank 0800 68 68 ; +35542277700

 

 

 

 

“Advantage” Deposit is a bundle of four products that is offered to Retail Customers on the spot:

  • Time Deposit combined with overdraft facility (using the deposit as cash collateral guarantee)
  • Debit Card
  • winbank

Customers benefits:

Liquidity for their deposit, having comfort to use funds at any time for different needs
Usage of OD at any time through cash/transfers or 24/7 through debit card in ATM-s
Facility for performing transactions through Winbank 24/7
Opportunity to maintain the deposit balances having the possibility to close (totally/partially) the overdraft with new money, at any time, without commission

“Advantage Deposit” main features:

Time Deposit:

Currencies: ALL, EUR, USD
Tenor: 6m, 12m, 25m
Deposit Minimum Amount: ALL 50,000, Euro 500, USD 500
Interest Rate: Please refer to the Interest Rates for Deposits and Accounts

Overdraft:

Currencies: ALL, EUR, USD (same CCY with TD one)
Tenor: 6m, 12m, 25m (same tenor with TD one)
Amount: 80% of TD amount (max 50.000 Euro/USD; 7.000.000 LEK)
Interest Rate: Time Deposit Interest Rate + 2%

The pledge deposit will be registered at the Securing Charges Registry (RBS) any time that:

  • Loan amount is ≥ 20,000 EUR (eqv. In LEK, USD)
  • When borrower is Owner/Administrator of a private business or a licensed Physical Person regardless of the loan amount.

Customer bears the cost of registration in RBS. 

* Deposits in Tirana Bank SHA are insured by the Deposit Insurance Agency (www.asd.gov.al) according to the law no. 53/2014 "On Deposit Insurance", up to the amount 2.500.000 or the equivalent amount in foreign currency

For further information, visit a Tirana Bank branch or call at 0800 68 68 (free of charge from landline) or 04-2277700 (if you are calling from your mobile or abroad), 24 hours a day.

Now you can! Benefit from the high interest rates of a 12 month time deposit and earn interest on a monthly basis.


Main Features:

Tenor: 12 months
Currency: ALL, EURO, USD 
Minimum amount: ALL 100,000, € 1,000, $ 1,000
Interest payment: Monthly
No commission for deposit opening
No commission for deposit maintenance
Just visit one of Tirana Bank branches throughout Albania to open a "Monthly Income" Time Deposit and you will get the interest of the deposit in the form of fixed monthly income in your savings account.

Monthly interest payments will serve as an extra income to your monthly salary or pension or might be useful to cover your monthly expenses such us rent, bills etc.

Get access to the account where your interest is credited:

over the branch counter or
via Tirana Bank Online (Internet, mobile & phone) or
via ATM with “Visa Electron” Debit Card that Tirana Bank offers you free of charge

For further information, visit a Tirana Bank branch or call at 0800 68 68 (free of charge from landline) or 04-2277700 (if you are calling from your mobile or abroad), 24 hours a day.

* Deposits in Tirana Bank SHA are insured by the Deposit Insurance Agency (www.asd.gov.al) according to the law no. 53/2014 "On Deposit Insurance", up to the amount 2.500.000 or the equivalent amount in foreign currency

Upfront Time Deposit

If you wish to earn the interest of your deposit in advance so that you can add it to your income, reinvest it or just spend it, this is the time deposit that covers your needs.

With “Upfront” Time deposit you get immediate payment of the whole amount of interest in your account, from the start date of your deposit.

Main Features:

  • Tenor: 6, 9 or 12 months
  • Currency: ALL, EURO, USD (U.S. Dollar)
  • Minimum amount: ALL 300,000, € 3,000, $ 3,000
  • Interest payment: in advance
     

For further information, visit a Tirana Bank branch or call at 0800 68 68 (free of charge from landline) or 04-2277700 (if you are calling from your mobile or abroad), 24 hours a day.

 

* Deposits in Tirana Bank SHA are insured by the Deposit Insurance Agency (www.asd.gov.al) according to the law no. 53/2014 "On Deposit Insurance", up to the amount 2.500.000 or the equivalent amount in foreign currency

Flexi Deposit

Flexi Deposit: simple, efficient, flexible!

With Flexi Deposit, you will benefit from higher interest rates and have the possibility to withdraw any time up to 30% of the deposit according to your wishes.


Tirana Bank offers you the "Flexi” Deposit, which gives value to your money. This product is specially meant for everyone who seeks a flexible deposit with fixed interest rate and the freedom to use part of the savings without closing the deposit and without losing interest.


Through Flexi Deposit, you enjoy a real flexibility and fulfill your wishes.

From the offer of this period you will benefit:

• High interest rates.

• Automatic interest transfer to your account.

• You can use 30% of the deposit anytime you want it, without closing it and without losing the interest.

• The Interest can be withdrawn each month for 30% of the amount, and at maturity for the remaining part of the deposit.

• "Flexi" Deposits can be opened for a tenor of 6 months or 12 months, according to your needs.

For more information, please contact one of our branches throughout Albania.

* Deposits in Tirana Bank SHA are insured by the Deposit Insurance Agency (www.asd.gov.al) according to the law no. 53/2014 "On Deposit Insurance", up to the amount 2.500.000 or the equivalent amount in foreign currency

 

For further information, visit a Tirana Bank branch or call at 0800 68 68 (free of charge from landline) or 04-2277700 (if you are calling from your mobile or abroad), 24 hours a day.

 

 

Junior Time Deposit

Are you interested in saving for your child's future?

In Tirana Bank we care for the future of your children.
“JUNIOR” time deposit is a long term investment with high interest rates and the best way of saving for children.
Is a deposit where you can increase your balance at any time, without restriction.

"JUNIOR" time deposit offers you the possibility to ensure your child’s:

 

  • Dreams and desires
  • Qualitative Education
  • Better financial future

 

JUNIOR time deposit terms

  • Tenor: up to 18 years
  • Currency: ALL, EURO, USD (U.S. Dollar)
  • Minimum amount for deposit opening: ALL 5,000, € 50, $ 50
  • Interest payment: Interest is earned and automatically added to the capital amount every 25 months (capitalized interest). Interest rate changes every 25 months.
  • No commission for deposit opening
  • No commission for deposit maintenance

 

For further information, visit a Tirana Bank branch or call at 0800 68 68 (free of charge from landline) or 04-2277700 (if you are calling from your mobile or abroad), 24 hours a day.

* Deposits in Tirana Bank SHA are insured by the Deposit Insurance Agency (www.asd.gov.al) according to the law no. 53/2014 "On Deposit Insurance", up to the amount 2.500.000 or the equivalent amount in foreign currency