The income earned at Deposit Planet is taxed for each saver based on the legislation of the respective country where the saver is a tax resident. As the laws vary in each country, please consult an appropriate tax specialist for more information. When you are logged into your Deposit Planet account you can receive extensive information necessary for tax returns.
A term deposit is an investment bank product which allows a one-time investment of a fixed sum.
At present you can save in EUR, USD, GBP, PLN, CNH and JPY.
The minimum amount needed to open a term deposit with us is 10 EUR/USD/GBP/PLN.
When a term deposit matures, you can either withdraw your capital with the interest you have earned, or you can open new a term deposit with us.
Interest on your term deposit is calculated daily and starts the first day after you confirm the opening of a new term deposit.
Term deposit contracts are governed by the local laws of the respective country in which the bank is based.