English
Ana Sabiescu
Banca Comerciala Romana (BCR) has unveiled a new 12-month RON-denominated deposit with a fixed interest rate of 14% p.a. available as of 11 May. The interest rate is valid for newly made deposits until 30 June 2009.
Sorin Mititelu, Executive Manager of the Business & Retail Product Development Department of BCR, said: "We want to encourage real saving, which means to set money aside for a longer term. The new deposit comes with two significant advantages: a fixed interest rate guaranteed for the entire duration of the deposit and an interest rate of 8% p.a. calculated pro rata for early cancellations of the deposit. If the deposit is withdrawn on maturity or anytime afterwards, the cash withdrawal fee is null."
Besides this deposit, BCR is also offering a promotional interest rate of 13.75% p.a. for RON-denominated 2-month deposits made by individuals. Additionally, the bank offers 6% p.a. for EUR-denominated deposits newly made by individuals until 30 June 2009.
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