Anadi24-Savings account | Austrian Anadi Bank

Anadi24-Savings Account

Anadi24 Savings Account

Anadi24-Savings Account

Anadi24-Savings Account - feel the ease of saving.

With the Anadi24-Savings Account you create reserves which you can fall back on whenever you need access to money for the large and small needs of the future.

  • 0.55% p.a.* less CGT guaranteed interest rate where the total term is fulfilled
  • 12 month term
  • Single premium already possible from a sum of EUR 2,500.

 

Overview of the current EURIBOR-Rates

The Deposit Protection - don´t worry about your savings. 

The statutory Deposit Protection secures your capital and your interest:
  • Savings accounts
  • Current accounts
  • Home buyers savings plans  

Per investor and per bank up to a total amount of EUR 100,000.
This protection applies to all natural and legal persons, regardless of the number of accounts and savings accounts.

With us you enjoy maximum security
 

The Austrian Anadi Bank AG is a shareholder of Hypo-Haftungs-Gesellschaft m.b.H. which administers the deposit guarantee of the Professional Association of Public and Mortgage Banks. 

The brochure deposit guarantee schemes and investor compensation.pdf  on the subject of deposit guarantee is also available for download.

Special conditions for the “Anadi24-Savings Account” – 24 month term


1. The “Anadi24-Savings Account” is a savings account with a fixed term of 12 months, starting on the date of opening of the account.
2. Payment into the “Anadi24-Savings Account” can only be made by a one-off deposit at the time the account is opened (minimum EUR 2,500). No further deposits can be made into an “Anadi24-Savings Account” after it has been opened.
3. The amount of the interest rate during the term of the account is clearly shown in the account book. If the deposit amount is not disposed of after the term has expired, it will continue to be held under the conditions applicable for savings deposits payable on demand at Austrian Anadi Bank AG, and at the interest rate applicable for savings deposits payable on demand, adjusted quarterly.
4. Part withdrawals or withdrawals of the entire deposit before the end of the term are possible at any time. In the event of premature withdrawal, penalty interest of 1/1000 of the withdrawal amount per complete month of the non-observed binding period is charged in accordance with § 32 (8) of the Austrian Banking Act (Bankwesengesetz). In any event, a minimum interest rate of 0.10% p.a. shall be deemed to be agreed for part withdrawals or withdrawals of the entire deposit before the end of the term.
5. Austrian Anadi Bank AG is entitled at any time to refuse acceptance of a deposit on a new “Anadi24-Savings Account” without statement of reasons, and to specify upper limits for deposit amounts.
6. In other respects the “General Conditions for Savings Deposits” as amended apply, which are made known by display at the counter in the business premises of Austrian Anadi Bank AG.
Version: September 2016.

 
Savings system
  • download
Legitimation

You must provide official photo ID when opening an savings account.

  • passport
  • driving license
  • identity card
     
What is a Type 1 Savings Account?

Type 1 savings accounts are all identified savings accounts with a credit balance (at the time of identification) up to EUR 14,999.99, which are not in the holder's name, but an identifier. It is mandatory to establish a password. Withdrawals for type 1 savings accounts are made by presenting the bank book, providing the password and confirming identity.

What is a Type 2 Savings Account?

Type 2 passbooks are all identified savings accounts with a credit balance from EUR 15,000. They can be

  • in the name of the holder or holders
  • under an identifier
     

and all identified savings accounts with a credit balance (at the time of identification) up to EUR 14,999.99 in the name of the holder or holders.
Withdrawals from type 2 savings accounts are only possible by the identified holder.

What is an Anonymous Savings Account?

Anonymity for savings accounts was abolished in November 2000. Since July 2002, withdrawals from anonymous savings accounts are only possible after the identification of the holder and presentation of an official photo ID.

What is an interest penalty?

An interest penalty will be charged on amounts withdrawn early from savings accounts with a commitment term. A thousandth of the amount withdrawn per full month of the unobserved term of commitment. A thousandth is equivalent to 0.1%.

FAQ`s on deposit protection
Which deposits are covered by deposit protection?

Generally, all balances on accounts with or without interest or savings accounts, such as. salary and pension accounts, other current accounts, fixed deposits, capital savings accounts or daily payable savings accounts are eligible for cover.

Is there an excess?

No. With deposit protection, there is no excess for natural or for non-natural persons.

I have purchased bonds at my bank and put them in a securities account. Are these bonds covered by the deposit protection?

All kinds of bonds (e.g. housing bonds, certificates, savings certificates) are not deposits in the sense of deposit protection and are therefore not eligible for cover. In the event of insolvency of the bond-issuing bank, such securities will be serviced in accordance with the terms of issue (e.g. preferably from a separate collateral pool, or with the bankruptcy dividend, or as a subordinated debt after satisfaction of all other creditors). In the event of insolvency of your custodian credit institution, the debt securities will be handed over to another issuer or transferred for deposit at another credit institution named by you. If the papers cannot be handed over or transferred, this would then be a case for the investor compensation.

Are only deposits by Austrian citizens covered?

No, the nationality of the customer does not matter. Deposits of customers who are not Austrian citizens are also covered.

In what form will I receive my money in the event of a claim?

The protection scheme will pay the covered deposits in full (up to a maximum of EUR 100,000) by transfer to a bank account provided by the depositor.

Where can I get information about the deposit guarantee?

On the one hand you could read about it directly in the statute: In Austria, the deposit guarantee is regulated in the federal law on deposit insurance and investor compensation for banks (Einlagensicherungs- und Anlegerentschädigungsgesetz - ESAEG) and in §§ 37a, 93 and 93a as well as the appendix to § 37a Austrian Banking Act (BWG). For the current legal wording, see the Federal Legal Information System (RIS). On the other hand you could also contact your credit institution: credit institutions which accept deposits subject to compulsory insurance, must, according to § 38 ESAEG, inform investors by notice in the bank foyer and on its website, about the requirements concerning the security of deposits. You can also contact the protection scheme responsible for your bank. You can find out which protection scheme is responsible for your financial institution on the collective deposit protection schemes website at the WKO.

Which claims are covered by the investor compensation?

Generally, all claims against the credit institute from

  • safekeeping and administration of securities for others (deposit business)
  • the trading of the bank with money market instruments, financial futures-contracts, interest rate futures, forward rate agreements, interest rate and currency swaps as well as equity swaps, securities and instruments derived from them
  • the participation of the bank in the issue of third parties (Loroemissionsgeschäft), or the collection and investment of severance contributions and independent pension contributions (occupational pension scheme trade)
  • the portfolio management through management of portfolios for individual customers with discretionary powers under a power of attorney of the customer provided the customer portfolio contains one or more financial instruments (investment services in accordance with § 3 para 2 no. 2 Z 2 WAG 2007)
     
How will the claim amount be calculated?

The amount of the claim shall be determined according to the market value of the securities at the time the insured event occurs.

At Austrian Anadi Bank we are always ready to help you.
Whether you need account assistance, product information or answers to online banking we are happy to help. Please feel free to contact us by email, telephone or get in touch with one of our branches directly.

* 0.55% p.a. less CGT if the full term of 12 months is observed. In the event of premature withdrawal, penalty interest of 1/1000 of the withdrawal amount per complete month of the non-observed binding period is charged in accordance with § 32 (8) of the Austrian Banking Act (Bankwesengesetz). In any event, a minimum interest rate of 0.10% p.a. shall be deemed to be agreed for part withdrawals or withdrawals of the entire deposit before the end of the term.  Conditions apply until further notice. Subject to change at any time. No guarantee provided in regard to figures. Version: September 2016.