Determination of interest
The bank pays 1 % annual interest on your savings. The bank pays interest from the deposit date to the withdrawal date, excluding the withdrawal date.
Determination of additional interest
The bank pays 4 % additional interest on your savings. Additional interest is paid on the year you open the account and the next five years. The additional interest is paid once you have bought your home.
Additional interest is paid from the deposit date of each deposit amount until the first drawdown without adding the additional interest annually to the principal. Additional interest is paid when the account holder fulfils the terms and conditions of the home saving agreement and purchases a home or when the account holder has completed the construction of a house and the building inspection authority has carried out the final inspection.
Interest paid on an ASP account is tax-free, if customer buys a home and terms are fulfilled.