FAQS

How do I open a deposit in BKT?

Please visit one of our branches to apply for any of our Bank Deposits. Valid ID and the minimum amount of 50,000 ALL or 500 in foreign currencies is needed to open a deposit.

If you have the money in your current account, you can open your deposits by yourself, by using “Internet” branch or BKT Smart application to choose the product that better fits your needs.

*For Albanian citizens over 16 years old – Identity Card (ID), under 16 years old - Birth Certificate and for foreign citizens – Passport

Also, for any general information about BKT deposit products you can write at BKT number of WhatsApp +355 674000018 or email us at info@bkt.com.al / callcenter@bkt.com.al

What investment options does BKT offer?

Time Deposit in BKT is offered for 1, 3, 6 months and 1, 2, 3 years and is available in Albanian Lekë, Euro, US Dollar, GB Pound, Canadian Dollar, Swiss Franc or Australian Dollar currencies. Interest is earned on maturity date of the deposit and it will be lost if the money is withdrawn before maturity. Time deposit offers the option of automatic renewal. You may choose the interest to be renewed together with the deposit or to be transferred at your account.

Elastic Deposit, you choose the maturity by yourself, from 40 to 360 days and from 737 to 1095 days. Elastic deposit is available in Albanian Lekë, Euro, US Dollar, or GB Pound currencies. Interest is earned on maturity date of the deposit and will be lost if you withdraw the money before maturity. This deposit is not automatically renewable.

Record Deposit is available for 5 or 7 years in Albanian Lekë and for 2, 3, 4, 5 years in Euro or US Dollar. The interest on your record deposit rate is set from the first moment and your benefit will not be affected from the changes of rates in the market. The interest is earned every 6 months and will be returned if the money is withdrawn before maturity. Record deposit is not automatically renewable.

Matrushka Deposit is the deposit offering higher interest every 12 months for 6 years contract. This is the right product if you are considering investing for long maturity and with increasing interest rates but also having the flexibility to withdrawal every year without losing the earned interest.

You can read more about our investment products here.

*For any interest payment done to the Client, the Bank will keep the percentage of tax approved by law and applicable in the moment of payment

What is the minimum limit amount for opening a deposit?

The minimum amount of 50,000 All or 500 in foreign currencies will be enough to open every type of our Bank Deposits. Based on your deposit balance, you may check the respective interest rates for every deposit product on our Interest Rate Bulletin.

Is my deposit product with automatic renewal?

Time deposit offers the option of automatic renewal. You may choose the interest to be renewed together with the deposit or to be transferred at your account. At the renewal time, if the published Bulletin rate of bank deposits has changed, deposit will be reinvested with the new effective rate. Under other conditions (no Bulletin changed), deposit will hold the same interest rate as the last invested period. Other deposit products like: Matrushka, Record or Elastic do not offer the automatic renewal option.

Which currency can I open a Bank deposit?

Time Deposit and Elastic Deposit are available in Albanian Lekë, Euro, US Dollar, GB Pound, Canadian Dollar, Swiss Franc or Australian Dollar currencies, meanwhile Record and Matrushka Deposit are only offered in Albanian Lekë, Euro and US Dollar. Please check the interest for the respective products on our Interest Rate Bulletin.

Will I lose my interests (profit) if I withdraw the invested deposit before the maturity date?

Interest is earned on maturity date of the deposit and will be lost if you withdraw the money before maturity.

On Record Deposit - the interest is earned every 6 months and should be deposit back if you withdraw the money before maturity.

On Matrushka Deposit - interests are credited in your account each year and you do not have obligation to return back even if the deposit will be withdrawal before the scheduled 6 year date.

Where can I check (get information) my existing deposits online?

You can easily check your existing deposits by registring on internet ‘Branch’ or BKT Smart application which can be downloaded on Android (PlayStore) or iOS phone (AppStore). After registration, check the menu Deposit on Internet’ Branch’ or menu Investment on BKT Smart to get the details about your deposit. 

What is the interest rate for a Term Deposit?

Full details of the interest rates payable on BKT Term Deposits are available on our Interest rate Bulletin.

The Interest rates that you will benefit from your deposit are predefined since investment moment and your returns will not be affected by changes of market interest rates.

At the renewal time, if the published Bulletin rate of bank deposits has changed, deposit will be reinvested with the new effective rate. Under other conditions (no Bulletin changed), deposit will hold the same interest rate as the last invested period.

How secure is my money?

Now your deposits are safer than ever!

-BKT has received by JCR Eurasia Rating, one of the most important evaluation agencies in the world, the AAA (Alb) grade for Long Term National Scale along with a ‘Stable’ outlook. AAA (Alb) is the highest score possible within the domestic market and shows that BKT maintains its position as the most credible and financially strong banking institution in Albania.

-BKT during recent years has been evaluated several times as the “Best Bank in Albania” award by prestigious financial magazines like "The Banker ", "Euromoney" and "EMEA Finance".

Are my investments insured?

Banka Kombëtare Tregtare is a registered member of the Deposit Insurance Agency (DIA) since 2002, paying a monthly insurance premium for the safety of your deposits.

Based on the law "For Deposit Insurance" no. 53/2014 dated 22.05.2014, accounts and deposits in BKT are insured up to the amount 2,500,000 (two million five hundred thousand) ALL from the Deposit Insurance Agency -  www.asd.gov.al

How can I calculate my profit for my deposit?

Find out more by visiting our Deposit Calculator

*For any interest payment done to the Client, the Bank will keep the percentage of tax approved by law and applicable in the moment of payment

How do I close my deposit?

The bank Deposit can be closed by visiting one of your nearest BKT branch. Moreover, Time deposit and elastic deposit can be closed online by using “Internet” branch or BKT Smart application. You must login online, check the menu Deposit on Internet’ Branch’ or menu Investment on BKT Smart, choose the right deposit and click Close deposit. Follow the steps and your deposit will automatically closed by crediting your funds on linked account.