For individuals, the interest rates recorded increases between 0.50% and 1%. The highest increases have been registered at the 1-month RON term deposit, from 4.5% to 5.25%. The interest rates are fixed during the tenor of the deposit and no withdrawal commission charged at maturity day. For legal entities, the interest rates have increased by 0.50%, for 1, 2 and 3-month RON term deposits, and by 0.25% for 9-month RON term deposit.
OTP Bank Romania also announces the launching on Romanian market of a new product, the Savings Account, a savings product targeting individuals.
The new savings account is characterized by progressive interest rates according to the amount deposited. At the same time, the valid period for the savings account is unlimited and it can be done in various currencies, RON, EUR, USD and HUF. The interest rate is calculated on a daily basis and is paid monthly. The savings account can be credited any time through cash deposits or intra/inter-banking transfers. Cash withdrawals from the savings account are allowed without restrictions related to the amount that should be withdrawn or the number of transactions, and without penalties for interest. The transfers from the saving account can be done only to the own current accounts opened with OTP Bank Romania. Automatic reimbursement of the loan instalments can be performed from the savings account.
The advantages of the new OTP Bank Savings Account are, mainly, the superior level of the interest rate compared to the current account and a flexible access to your money, beside an optimal management of the additional income of individuals.
For opening or closing a saving account, OTP Bank Romania doesn’t charge any commission.
For 2006, OTP Bank Romania intends to launch new retail products such as debit and credit cards, refinancing and construction loans.
For more information regarding the OTP Bank Romania products and services, and related to the bank branches network, please visit our Internet site at www.otpbank.ro or call freely 0800 88 22 88, from fixed lines, between 8.30 – 17.30.
