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Savings Accounts

Available Only for Individuals

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.

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CONTACT INFORMATION

cdbbank currently operates two business centers, one in Nicosia and one in Limassol, facilitating quick and personalised service. Our Client Relationship Officers ensure that you receive high-quality service at all times and that all your banking needs are catered with professionalism and a personal approach.

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