Special Deposit Products

Special deposit accounts allow our international clients to take advantage of special interest rate conditions.

Whether you are an Individual, Corporate or Institutional client, our special deposit accounts allow you to enjoy the benefits of a fixed-term deposit combined with a range of additional benefits.

As a cdbbank account holder, you will be allocated a Personal Client Relationship Officer assigned to assist and support you to maximise the benefits of your account.

Save funds for specific long-term purposes
Benefit from attractive interest rates
Greater flexibility for your business needs

cdbbank offers the following Special Deposit Accounts which combine attractive interest rates with great flexibility

cdb Flexi

Option to choose one of the three available tenors: 12, 18 or 24 months (2, 3 or 4 semesters)
For amounts over €30.000
Attractive escalating interest rates up to 1,67%

Features of cdb Flexi

Option for withdrawals of specific percentage of the initial deposit amount at the end of each semester (5% at the end of the first and second semester and 10% at the end of the third semester)
Option to collect interest at the end of each semester or to capitalize interest to maximize your returns
Additional deposits or partial withdrawals are not permitted
No charges for the opening or maintaining of a cdb Flexi deposit account
Up to €100,000 are secured per person as per the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme*

Quarter Escalator

12-month duration (4 quarters)
For amounts between €5,000 and €500,000
Attractive escalating interest rates

Features of the Quarter Escalator

Right to withdraw your full deposit at the end of each quarter
Option to collect interest at the end of each quarter or to capitalize interest to maximize your returns
Additional deposits or partial withdrawals are not permitted
No charges for the opening or maintaining of a quarter escalator deposit account
Up to €100,000 are secured per person as per the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme*

* The Deposit Guarantee and Resolution of Credit and Other Institutions Scheme (DGS) is based on the relevant legal framework of the Business of Credit Institutions Law, the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme Law of 2016 and the Regulations therein and the Resolution of Credit and Investment Firms Law of 2016. Click here for more details.

For permanent residents of Cyprus, a special contribution for defence is deducted from the total interest earned on your deposits. In case you are not a permanent resident of Cyprus, please fill in the relevant form of the Ministry of Finance and submit it to the Bank in order to avoid the said deduction.