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RON interest rates of up to 13% for the new Millennium Bank Ascendent Deposit

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2010-05-25 17:51

Millennium Bank clients can now save money with interest rates of up to 13% per year, with the new RON Ascendent Deposit, with a six months maturity, said the bank in a press release. rnrnThe new deposit offers a progressive interest rate, starting from 6% for the first month and increasing monthly, to 13% for the sixth month. The yield for each month can be capitalised or transferred in the current account, according to the client’s needs. The early redemption is allowed at any time, without losing the interest rate for the previous entire month of saving.rnrn“Millennium Bank aims to become a saving partner for its clients by offering a diversified range of products that match their needs. The new Ascendent Deposit is in line with this strategy, it encourages and at the same time rewards medium term savings”, stated Eliza Erhan, Head of Retail Product Development with Millennium Bank Romania.rnrnThe Ascendent Deposit is available in RON and the minimum required amount is 500 RON. Customers benefit from zero opening and administration commissions for the deposit.rnrnMillennium Bank’s saving products are available in RON, EUR and USD, with maturities ranging from one to 12 months. The bank offers 0.25% higher interest rates for RON and EUR deposits opened through Internet Banking service, ranging from 7% to 8.25% for RON, and from 3.25% to 3.5% for EUR. The deposits opened in branches offer interest rates ranging from 6.75% to 8% for RON deposits and from 3 to 3.25% for EUR deposits.rn

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