Dear Customers,
Kompanion Bank keeps providing simple and beneficial deposit terms, by increasing interest rates on deposits in KGS to 12,5% per annum with the option of interest capitalization.
What is the benefit of capitalization of interests?
According to famous investors, like Warren Buffett (net worth USD 75 bln, according to Forbes), compound interest (capitalization of interest) – is a great instrument which allows achieving high financial results, even without having high salary. So, what is the difference between compound and simple interest, and why is it the most beneficial and convenient instrument of saving and multiplying funds on deposit accounts?
A simple interest is calculated based on the principal deposit funds only, the compound interest, in turn, includes accumulated interest as well, which generates additional income. Simply stated, capitalization of interest is accrual of interest on the accumulated interest. In this regard, the interest multiplies by each settling period. In case you follow the financial discipline and do not make impulsive purchases, you have all the chances to become a wealthy person.
Opening, management and replenishment of your deposit and other accounts at Kompanion Bank are available 24/7 via free distant services – internet/mobile banking and Kompanion E-Wallet.
Enable distant services without visiting Bank, with the help of Customer Support: 88 00 (toll-free for mobile operators)/WhatsApp: +996 7703388 00/online chat
Kompanion Bank is a member of Deposit Security system of the Kyrgyz Republic since 2016.
