RCB Direct

RCB Bank Ltd, Luxembourg Branch, offers deposits for individual clients via the WeltSparen Internet Platform.

Deposits can be opened in the EUR and USD and the term of the deposit can be set to one, two or three years. Interest is paid upon the maturity of the deposit.

For deposits in EUR, the minimum amount to be deposited is 10.000 EUR, the maximum amount is 100.000 EUR.

For deposits in USD, the minimum amount is 5.000 EUR, the maximum amount is 80.000 EUR. Funds shall be deposited in EUR and will be automatically converted in USD upon placing. The interest is accrued in USD and the funds will be converted in EUR upon the maturity of the deposit.

This scheme does not allow the partial withdrawal or the addition of funds within the duration of the deposit, except during the first 14 days after the deposit start date.

There are no fees related to the deposit account opening and maintenance with RCB Bank, Luxembourg Branch. The account holder must be registered in the WeltSparen Internet Platform.

EUR
Deposit amount 12 months 24 months 36 months
10.000 – 100.000 0.50% 0.55% 0.60%
USD
Deposit amount in USD 12 months 24 months 36 months
5,000 - 80,000 1.25% 1.20% 1.10%

RCB Bank Ltd, Luxembourg Branch, participates in the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme, established under the Cyprus Law and Regulations on the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme of 2016.

The Deposit Guarantee and Resolution of Credit and Other Institutions Scheme covers deposits denominated in all currencies. The maximum level of compensation, per depositor and per bank, is 100,000 EUR or equivalent.

Deposit Guarantee Scheme

General Terms and Conditions