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R-TOP savings account

Save at your own pace and enjoy additional remuneration on any further eligible amounts you save during a promotional period.
Your benefits
SECURE: no-risk savings plan
PROFITABLE: attractive return on your deposits during special promotions.
FLEXIBLE: you can withdraw your money at any time, with no penalty payments.
ACCESSIBLE: no minimum deposit required

Boost your savings with the R-TOP savings account

New offer for the R-TOP savings account - December 2018

For all funds deposited between December 1st and December 31st 2018, you benefit from overall return of 0.75% p.a. on the eligible amount (maximum amount of €250,000), during the bonus period from January 1st 2019 to March 31st 2019. 

Funds not eligible for this special deal yield a return at the base rate which currently stands at 0.10%.

The reference period is from November 30th 2017 to November 30th 2018. 

 

 

 

 

 

 

 

Your benefits:

  • SECURE: no-risk savings plan
  • PROFITABLE: during the promotional periods, you benefit from an attractive return on deposits made with Raiffeisen
  • FLEXIBLE: your money remains available and you can withdraw it anytime with no penalty applied
  • ACCESSIBLE: no minimum deposit required

Are you a CCP client?

CCP clients can open and manage an R-TOP savings account via CCP Connect. 

For further information, get in touch with the Client Service Centre on 8002 2450.  

With the R-TOP savings account:

Your savings yield a return at a base rate applied to all the funds deposited in your account. 
For new deposits made during a promotional period, you also benefit from additional remuneration on the eligible amounts.

The eligible amount is defined as the amount newly deposited in the R-TOP savings account during the subscription period, as long as that amount represents a net increase on the total amount of savings held in your own name with Raiffeisen. 

The reference amount taken to calculate this net increase is the highest amount of all the monetary savings held in your own name with Raiffeisen during the reference period defined in the offer.

Examples

Hypothetical offer for the R-TOP savings account- October 2018

For all new funds deposited in the R-TOP savings account between October 16th and November 30th 2018, you benefit from additional remuneration on the eligible amount over a three-month period (from December 1st 2018 to February 28th 2019). 

  Example 1 Example 2 Example 3 Example 4 Example 5
Maximum amount 250.000 € 250.000 € 250.000 € 250.000 € 250.000 €
Reference balance 20.000 € 20.000 € 20.000 € 20.000 € 20.000 €
Monetary savings during the reference period   20.000 € 20.000 € 19.000 € 20.000 € 20.000 €
Transfer during the subscription period          
Transfer from another bank 15.000 € 15.000 € 15.000 €   300.000 €
Internal transfer from one of your other savings accounts       15.000 €  
Eligible amount 15.000 € 15.000 € 14.000 € 0 € 250.000 €
Withdrawal from R-TOP  during the bonus period   4.000 €      
Additional remuneration to be booked on the following December 31st. The additional remuneration is paid on the amount of €15,000 during the bonus period.  

 

The additional remuneration is paid on the amount of: €15,000 before the withdrawal and on the amount of 
€11,000 after the withdrawal.

 

The additional remuneration is paid on the amount of €14,000 during the bonus period.

The eligible amount is
€ 0. No additional remuneration is paid.

The additional remuneration is paid on the amount of €250,000 during the bonus period.

 

 Explanatory notes

 

Example 1:

At the start of the subscription period, the amount of savings has not changed with regard to the reference balance. 
During the subscription period you transferred €15,000 from an account in another bank to the R-TOP savings account. 
The R-TOP offer is applicable to the amount that you invested in the R-TOP savings account during the subscription period.  Therefore, the additional remuneration is calculated on the amount of €15,000 during the bonus period and will be credited on the R-TOP savings account on the following December 31st.

 

Example 2: 

Here, we are in the same situation as example 1 to start with, except that in this case, €4,000 is withdrawn from the R-TOP savings account during the bonus period. The R-TOP offer is valid for the amount deposited on the R-TOP account during the subscription period, and all withdrawals are accounted for on a prorata basis. The additional remuneration is therefore calculated on the basis of €15,000 before the withdrawal and, after the withdrawal on the basis of €11,000.
As in the first example, the interest is credited to the R-TOP savings account on the following December 31st.

 

Example 3:

The day before the start of the subscription period, the total amount of savings deposited falls below the defined reference balance (maximum amount of savings during the reference period).
Since the savings deposited with Banque Raiffeisen are €1,000 below the reference balance, you will first need to top up your savings to reach the reference balance (maximum amount of savings for the reference year). To receive further information on the reference balance, you may of course contact an advisor at your Raiffeisen agency. 
During the subscription period, you transferred €15,000 from an account in another bank to your R-TOP savings account. The R-TOP offer is valid for an amount of €14,000. This amount is calculated on the €15,000 EUR transferred to the R-TOP savings account during the subscription period minus the €1,000 required for savings deposits to reach the reference balance once again. Therefore, the additional remuneration will be calculated on an amount of €14,000 EUR during the bonus period. As in the other examples, the interest will be credited to the R-TOP savings account on the following December 31st.

 

Example 4:

At the start of the subscription period, the total savings balance has not changed with regard to the reference balance calculated during the reference period. In December, you transfer €15,000 from your Raiffeisen savings account to the R-TOP savings account. Given that this transaction does not increase your total savings deposited with Raiffeisen Bank, the eligible amount is € 0, so unfortunately you will not benefit from the additional remuneration.

 

Example 5:

At the start of the subscription period, the amount of savings has not changed with regard to the reference balance. The maximum amount is €250,000 under the terms of the offer. During the subscription period, you transferred €300,000 from an account in another bank to the R-TOP savings account. The R-TOP offer is applicable to the amount that you invested in the R-TOP savings account during the subscription period, taking into account the maximum amount of €250,000. Therefore, the additional remuneration is calculated on the amount of €250,000 for the bonus period and the interest will be credited on the R-TOP savings account on the following December 31st.

 Definitions

Reference period

Period defined in the R-TOP offer and used to determine the reference balance. 

Reference balance

The maximum amount of your total savings with Raiffeisen during the reference period.

Subscription period

Period during which the client must deposit new funds on their R-TOP account in order to benefit from the preferential interest rate.

Bonus period

Period during which the deposits newly made to the R-TOP savings account are remunerated at the preferential interest rate. 

Amount eligible for the preferential interest rate

The eligible amount is defined as the amount newly deposited in the R-TOP account during the subscription period, as long as that amount represents a net increase on the total amount of savings held in your own name with Raiffeisen.

Base rate

Interest rate on the total amount of savings in the R-TOP savings account, paid regardless of special R-TOP offers.

Preferential interest rate

The preferential interest rate defined in the R-TOP offer, added to the base rate and calculated on the amount eligible for the preferential interest rate during the period defined in the offer.

Maximum amount

Amount in excess of which any new deposits no longer benefit from the preferential interest rate; it is still eligible for the standard base rate. 

R-TOP savings account

Open an R-TOP savings account and enjoy a higher return on any additional eligible amounts that you save as part of a promotional offer.

Where to find us

Raiffeisen has branches all over Luxembourg so you will be able to find a branch or ATM wherever you are.

Any questions?

We are here to answer your questions and can put you in contact with the right people depending on your requirements.