Yettel Bank review

The fixed term deposit pays a headline rate of 4.5% for a term of 6. The rate type is fixed, so it is set rather than tracked against the market. That sits above the site median of 3%.

The minimum deposit is RSD 60,000. The account kind is fixed and the model is a fixed rate arrangement, so the money is committed for the term. The savings median for minimums is €0.88, so the entry point is comparatively high.

The deposit can be broken at any time, but the reduced rate applies to the whole amount and part of the interest is kept by the bank. It is therefore a set-term product with a penalty, not an easy-access account. Access runs through the Yettel Bank app.

You need an open current account with Yettel Bank, and the free Bank Lite account is enough, plus the Yettel Bank app. Support runs on email, chat and phone, so help is available by email, chat, phone and the help centre once you are a customer.

Yettel Bank is a direct lender offering personal loans, debt consolidation and a credit line, up to RSD 3,500,000, at an APR of 8.6%. Free early repayment is available, so you can clear the balance early without a charge. The credit check is hard.

The product is aimed at adults residing in the Republic of Serbia with a valid ID card. Employees and pensioners need a minimum monthly income, and a period of employment with the current employer is required. A hard credit check applies to the application.

A debit card is offered on the mastercard network, which suits day-to-day spending from the current account. Support for card and account questions runs on email, chat and phone. The legal entity behind the accounts is Yettel Bank AD Beograd.

The bank is Yettel Bank AD Beograd and has been operating since 2014, based in Serbia. It lends directly rather than acting as a broker, so you deal with one provider for the deposit and the loan.