BANCI | ENGLISH

Millennium Bank offers saving account for children in lei with 5% annual interest rate

Autor: Bancherul.ro
2012-07-04 12:47

Millennium Bank clients can save for their children with the help of the recently launched May You Grow Up saving account in lei, that provides an annual interest rate of 5% for a minimum balance of 300 lei. Parents can save money for their children until they turn 18, which is the moment when the saving account reaches maturity, said the bank in a statement.

The deposits in the saving account can be made in an easy and convenient way, through programmed automatic monthly transfers directly from the parents’ current account, in an amount and at a date at their choice. In addition to this, May You Grow Up account allows supplementary deposits at any time and without amount limitations. The interest is paid every six months, being capitalized in the saving account.

“In line with our strategy to provide a diversified saving portfolio and, thus, become a saving partner for our clients, Millennium Bank enters the segment of savings for children. May You Grow Up account is an advantageous way for parents who want to make long term savings for their children and, at the same time, benefit from the flexibility of a saving account”, Eliza Erhan, Head of Retail Product Development with Millennium Bank Romania, stated.

The account is opened by the both parents, if the child is under 14 years old, or by the child together with the parents, if the child is at least 14 years old. Clients benefit from free account opening and administration fees.

Millennium Bank’s saving portfolio includes classic term deposits with fixed interest rate, Ascendent Deposit with progressive interest rate that reaches 10% per year for the sixth month, “12 winning months” deposit, which provides monthly payment of the interest, saving accounts, as well as Dual Package, a saving and investment instrument, made of a three-month lei deposit with 10% annual interest rate and an investment fund with moderate risk.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

08.05.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Raluca OPREA , Director, directia economica
BCR Leasing

... vezi profil

Toate Profilele

Profil de Banca

Banca Transilvania

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

Înșelăciune
O să depun plângere când ajung în România sunt mare escroci nu știiu cum am putut crede așa ... detalii
Înșelăciune
La fel am pățit și eu și ce credeți după ce am plătit tot felul de taxe amenință ca are ... detalii
Refuz de plată la o benzinărie suma de 103 euro
Mi s-au retras de două ori suma de 48 euro și suma de 103 euro suma corectă este de 48 de euro ... detalii
nevoia de banci
De ce credeti ca acum nu mai avem nevoie de banci si firme de asigurari? Pentru ca acum avem ... detalii
Mda
ACUM nu e nevoie de asa ceva .. acum vreo 20 de ani era nevoie ... ACUM de fapt nu mai e asa multa ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126