The gross interest rate is fixed at 8.5% per year in euros. It is capitalized annually, meaning that the interest earned in the first year is added to the principal for the calculation of interest in the second year. At the end of the 2-year term, the initial investment plus the total accrued interest is paid out, with the applicable tax withheld if needed, and Fagura will handle the tax payment on your behalf.
Example of returns for individual investors:
Scenario | Invested Amount | Gross Interest (capitalized) | Estimated Total Return (after taxes*) | Details |
At Term (2 years) | €20.000 | €3.544 | €23.332 | 2 years interest, capitalized annually |
Early Withdrawal (14 months) | €20.000 | €1.700 | €21.058 | 1 year interest, minus withdrawal fee |
Early Withdrawal (3 months) | €20.000 | €0 | €19.500 | No interest, minus withdrawal fee |
Taxes in the example are considered for a private investors with residency in Moldova.