Alpha Progress Plus Term Deposit

From €20,000 minimum initial deposit

Open you term deposit with an initial deposit ranging from €20,000 up to €1,000,000.

Option to increase deposit amount

You can increase your deposit amount every 3 months, at the end of the interest period.

You may add from €20,000 up to €300,000 each time. Irrespective of the added amount, the interest rates we agreed upon at the beginning continue to apply.

Interest payments every 3 months

Interest is calculated on a quarterly basis. At the end of the 3 months, interest is paid into your linked account.

Maturity in 12 or 24 months

You may choose the term of your term deposit:

• 12 months.
• 24 months.

At the end of the period, the total amount you had deposited is paid into your linked account.

The term cannot be extended.

Early withdrawal without penalty

You may withdraw your term deposit at any time, without penalty.

However, if you withdraw the amount in the middle of an interest period, interest is not paid for that quarter.

Tiered interest rate for 12 or 24 months

The interest rate increases at each interest period, i.e. every 3 months, depending on the initial deposit and the total term of your term deposit.

Find out more about the interest rates and terms of the term deposit:

• Alpha Progress Plus 12 months.
• Alpha Progress Plus 24 months.