Raiffeisen Bank Albania review

The monthly fee for an individual account package is ALL 50, which sits above the site median of €0. Most packages on the comparison are free, so the fee matters if you keep only a small balance. Elite members get a discount on outbound transfers, and Relax customers pay no commission on domestic payments within a set limit.

Term deposit Plus needs a minimum deposit of ALL 100,000 from you. That is the top of the minimum range among compared fixed rate accounts, so a small first saving may not qualify. Terms run 3 to 60, and the interest is fixed for the whole period.

You can close the deposit before maturity at any time, but you lose all net accrued interest. That makes it a poor fit for an emergency fund or for anyone who might need the cash. Plan to leave the money untouched until the term ends.

Interest is credited at set intervals from the opening date rather than daily or monthly, so compounding is limited on this product. The rate itself is fixed, meaning it does not move during the term. Elite and Relax package customers also see lower outbound transfer costs.

The individual packages cover 5 currencies, close to the site median of 5 and inside the upper quartile of 15. Local transfers use an IBAN, which is the most common arrangement in this group. The currency conversion fee is worth checking before you switch money often.

Raiffeisen Bank Albania is the legal entity Raiffeisen Bank Sh.a, a bank based in Albania that has traded since 2004. Bank customers make up 54.5% of the savings accounts on the comparison, so a bank account is the common choice here. Check the deposit protection terms with the bank before you commit a large sum.

ATM withdrawals with the debit card carry a free allowance of ALL 0, so taking out cash adds nothing to the cost. Free ATM access is a feature on 55.6% of compared accounts. Support is available on phone and email if a card is lost or blocked.

The packages are aimed at a student audience, and students make up 23% of the accounts in this group. The monthly fee of ALL 50 applies to the individual packages overall. If you run a business, a higher share of compared accounts, 57.8%, are aimed at business users instead.