An account with two functions: a combined savings and investment account
Our new «HYPER-Yield» Account is for those who seek a higher yield than that offered by ordinary savings account and REPOS, but without involving a higher investment risk, while also having your money available at all times.
The main purpose of our «HYPER-Yield» Savings - Investment account is to provide high yields, placing 60% of your capital in an account with an interest rate equal to the European Central Bank's Basic Interest Rate and the remaining 40% in the T.T. ELTA AEDAK Domestic Balanced Mutual Fund. T.T. ELTA AEDAK invests the mutual fund reserves mainly in selected stocks, in government and company bonds with a high credit rating and also in money market tools.
Advantages:
- A beneficial interest rate of 4.00% (directly connected to the Basic Interest Rate of the European Central Bank) for the deposit portion of the account
- Minimum amount of initial deposit €5,000
- Money available at all times
- No set duration
- Deposits or withdrawals can be made round the clock using Greek Postal Savings Bank ATMs or ATMs of other banks on the DIAS network.
- Additional yield due to taxation benefits accrued from retention of «T.T. ELTA Domestic Balanced Mutual Fund» shares. For amounts up to €15,000 invested in the Domestic Balanced Mutual Fund, this additional «taxation yield» amounts up to 8% over a three-year period.
- Quarterly updates with a statement sent to the postal address of your choice
- Everyday service at branches of the Greek Postal Savings Bank and of T.T. ELTA AEDAK
Additional Information
«T.T. ELTA DOMESTIC BALANCED MUTUAL FUND Approval of the Capital Markets Committee 19/430/19.6.2003, Government Gazette 860/Β/30.6.2003, Issue B»
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YIELD SINCE INTRODUCTION (25/7/2003-31/12/2006)
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56,31%
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YIELD OVER PAST THREE YEARS (1/1/2004-31/12/2006)
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50,60%
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YIELD OVER PAST YEAR (01/01/2006-31/12/2006)
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13,45%
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