If your monthly income is paid into a Citadele account and is not less than 350 Euro per month, then interest on your X smart account balanced is calculated and paid into your account on the last day of the month. Interest is calculated on the average balance for the month for no higher than 2,500 Euro.
If your wages are still not paid into a Citadele account, then begin paying them into your X Smart account to ensure you can start earning on your X Smart account balance. For your convenience, we offer a downloadable form you can fill in to change where your wages are paid. Fill in, sign and hand in to accounting at your place of employment, then start taking advantage of the opportunities the X Smart card offers you.
Remember, to regularly receive interest on your account balance, your wages must be paid into your Citadele account regularly.
An example on how interest is calculated on your account balance:
|Average account balance over the month||Average account balance over the month for the purposes of calculation||Interest accrued on Automatically withheld Personal Income Tax*||Interest rate||Automatically withheld Personal Income Tax*||Monthly amount earned|
|526 EUR||526 EUR||0,44 EUR||1% a year||0,09 EUR||0,35 EUR|
|2 956 EUR||2 500 EUR||2,08 EUR||1% a year||0,42 EUR||1,66 EUR|
* More information on tax rates.