The Fiat Reward paid for deposits in Dukascoins
The standard Fiat Deposit Reward rate for a one-year deposit is expected to be equal to EUR 0,5 for each Dukascoin allocated in accordance with the terms and conditions of the Fiat Deposit Reward program.
The Bank may extend or stop its Fiat Deposit Reward program at any time without affecting previously allocated deposits. For the first year, the minimum amount of Dukascoins to be deposited and kept in order to participate in the Fiat Deposit Reward program is 50 000, the maximum is set to 100 000 Dukascoins.
Each deposit is considered as a separate contract. Two deposit amounts can’t be summed up without cancelling each other out. To obtain the guarantee that a deposit will be accepted by the Bank, any client may declare their intention in advance, request a letter of confirmation and clarify the terms and conditions with the Bank.
If a client requests to cancel a term deposit in Dukascoins before the maturity date, the client will be charged a penalty of 5% of the allocated amount in Dukascoins and will not be entitled to the Fiat Deposit Reward for that particular deposit. Additional conditions may be announced at a later date.
The Fiat Deposit Reward payout is in EUR.