In the new era, saving money goes beyond the traditional meaning of putting “money aside.” Now, being a good saver goes hand in hand with financial education: being well-versed in the conditions that banks offer when it comes to deposits. 

Deposits are divided into two types: term and demand deposits. While demand deposits allow you flexibility in withdrawals, term deposits are suggested as a better way to save. Term helps you not to spend your funds before the time you have set yourself to save, while generally, term deposits offer higher interest rates, providing stability and predictability for your savings.

Term deposits combine different durations, with different interest rates and frequencies. 

In addition to suitable conditions, security is a key factor influencing the selection of the financial institution to which we will entrust our savings and the return on investment. Intesa Sanpaolo Bank Albania offers the security of a financial institution that is part of a group with international experience and prestige and at the same time an infinite combination of deposit conditions. 

But how do you best choose these terms? We've come to your aid with some FAQs (answers to common questions) on deposit terms.

Long-term or short-term deposit?

While short-term deposits allow you to withdraw funds more quickly, long-term deposits generally offer more favorable interest rates. The longer you save, the better the return.

Are interests stable, or can they change over time?

There are also deposits that offer progressive interest increases. Long-term deposits are the right choice for those looking for progressive interest. Intesa Sanpaolo Bank Albania offers 5 and 7-year deposits with interest rates that increase over the years, allowing you to benefit from higher returns.

How is deposit interest paid?

Depending on the type of deposit, interest can be paid at different times. The Relay Deposit at Intesa Sanpaolo Bank Albania allows you to pay interest every month; the 18 and 30-month Deposits allow you to pay annually, while for those who want to get their investment back at the end of the term, there are a number of other options. There are also deposits, such as the Prepaid Interest Deposit at Intesa Sanpaolo Bank Albania, that offer you prepayment of interest.

In which currencies can a term savings deposit be opened?

Different banks offer deposits in different currencies. Intesa Sanpaolo Bank Albania offers deposits in LEK, EUR, USD and GBP, giving you the opportunity to choose the currency that best suits your financial needs.

Choose the term and rate that suits you and visit the nearest branch or the official website of Intesa Sanpaolo Bank Albania to discover more about term deposit options.