How are interest accrued and paid?

Interest is accrued at the rate in accordance with the bank's tariffs and fees effective on the interest accrual date. Interest periods are counted from the day following the day the account is opened. Interest is paid by the bank monthly on the account opening date by adding the amount of interest to the account balance (capitalization).

Example: you opened a savings account on the 15th day of the current month – the interest period for your savings account will be from the 16th day of the current month to the 15th day of the following month.