What Monthly Income Online is
The online version of Monthly Income account. A time deposit with a three- to twelve-month duration with a fixed interest rate; interest payment takes place at a monthly basis and is automatically credited to your account of choice (e.g. savings account).
Easy and quick opening of the account without visiting a branch
Interest rates vary and are determined by the deposit amount and duration
The deposit amount may vary between €5.000 and €200.000
Interest paid monthly
In order to open Monthly Income Online time deposit, you must:
Be registered in Chania eBanking service
Already have a deposit account from which the capital will be transferred to the time deposit
When filling in your application form, you will be required to select an account in which interest will be deposited. The joint holders of this account can be also appointed as joint holders of Monthly Income Online. Main holder assumes the responsibility to inform joint holders about their involvement in Monthly Income Online time deposit.