Investments is a dedication of an amount for a certain period, which allows you to receive an interest accrued on the deposit amount monthly, quarterly, or at the end of the contract.
Any member of a co-operative society may have several deposits which entails no additional expenses. The deposit contract will be automatically extended for the deposit period (1 or 2 years), unless the deposit agreement provides otherwise. If requested by the investor, the accumulated amount of interest shall be paid to the investor’s account on a monthly basis.
The minimum amount of accumulation deposit comprises 5,000.00 euros and the maximum amount is 200,000.00 euros.
For example, under a 1-year contract the annual interest comprises 10%, whilst a 2-year contract offers the annual interest of 11%. Deposits for an amount of 10,000.00 or more envisage an additional interest of 0.5%. Thus, a 24-months contract offers the annual rate of 11.5%, whilst a 12-months contract ensures the annual interest of 10.5%.