If your monthly income is paid into a Citadele account, you will receive 0.2% per year on your average monthly X smart account balance. The maximum amount from which interest is calculated is 10,000 Euro. Interest earned is calculated on the final day of the month, and is transferred to your X smart account on the 1st of the next month.
If your income is not yet paid into a Citadele account, but you wish to receive interest on your X smart account balance, begin by transferring your wages to your X smart account.
Remember, to receive interest on your account balance, your income must be paid into a Citadele account regularly.
Example of how interest on your account balance is calculated:
|Average monthly account balance||Average monthly balance for the purposes of calculation||Interest accrued||Interest rate||Automatically deducted Personal Income Tax*||Amount earned per month|
|526 EUR||526 EUR||0.09 EUR||0.2% per year||0.02 EUR||0.07 EUR|
|10 956 EUR||10 000 EUR||1.67 EUR||0.2% per year||0.33 EUR||1.34 EUR|
*Learn more about capital income.