SGB

Savings accounts in Syrian Pounds

Accounts for children under 18 years old:

The interest rate paid by the Bank term deposits, for a period of nine months shall be applied thereto, provided that the account holder is not over 18 years old, and for a limit of SYP 5 million. Amounts exceeding this limit shall be treated as current accounts.

Interest on savings deposits for accounts of individuals over 18 years old:

The interest rate paid by the Bank for term deposits, for a period of six months shall be applied thereto, and for a limit of SYP 5 million. Amounts exceeding this limit shall be treated as current accounts.

Interest rates on term deposits (in Syrian Pounds)

Amount/Duration	1 Month	More than 1 month to 3 months	More than 3 months to 6 months	More than 6 month to 9 months	For a Year	More than a year
Applicable Interest rate	11%	11.125%	11.25%	11.50%	11.75%	12.00%
No Data

Interest rates on current accounts: 0%

Interest rates on term deposits (USD)

Amount/Duration	1 Month	3 Months	6 Months	12 months and longer
5,000 and above (Cash)	3.50%	3.50%	3.50%	3.50%
5,000 and above (Transfer)	-	0.50%	0.75%	1.0%
No Data

Note: 5% interest is paid annually on cash deposits after April 29, 2020, amounting to 50,000 US dollars or more and deposited for a year.

Interest rates on term deposits (EUR)

Amount/Duration	1 Month	3 Months	6 Months	12 months and longer
25,000 and above (Cash)	1.00%	1.00%	1.00%	1.00%
25,000 and above (Transfer)	-	-	0.25%	0.50%
No Data

Note: 1.50% interest is paid annually on cash deposits after April 29, 2020, amounting to 50,000 euros or more and deposited for a year.

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