Savings Account and Deposit Account Interest Rates Cyprus

Savings Accounts

Our flexible savings accounts, designed for international clients, offer you the opportunity to obtain instant access and control of your funds and maximise your savings. Whether in Cyprus or abroad, enhance your savings with a cdbbank savings account.

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

Competitive interest rates
No minimum deposit amount required
Daily interest calculation
Secured return on deposit
Easy access to the deposit amount
No charges for opening or maintaining your savings 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.

cdbsaver Monthly
Interest rate	Applies on the daily cleared balances at the end of each business day
Deposits	Deposits are permitted with no restrictions to the amount or date of deposit
Interest payments	On the 31st of December of each year
Withdrawals	First business day of each month, through connected current account

cdbsaver Weekly
Interest rate	Applies on the daily cleared balances at the end of each business day
Deposits	Deposits are permitted with no restrictions to the amount or date of deposit
Interest payments	On the 31st of December of each year
Withdrawals	First business day of each week, through connected current account

How to apply

If you are a new client of cdbbank, in compliance with relevant legislation, you should submit to the Bank the following documents in order to verify your identification details:

For adult accounts:

Identity Card
Proof of permanent address (i.e. recent utility bill-not more than 3 months)
Payslip

For minor accounts (under the age of 18):

Minor’s Birth Certificate
Minor’s Identity Card
Minor’s legal guardian Identity Card
Proof of permanent address of the minor’s legal guardian (i.e. recent utility bill-not more than 3 months)

Whether you are a new or existing client of cdbbankk, a Client Relationship Officer is always available to provide you with information and assistance if needed.