CEC Bank has launched the Long-Term Deposit, a new saving product in RON for natural persons with creation periods of 18, 24, 30 or 36 months.
The minimum value of the deposit is of RON 500. No fee for cash withdrawal is charged on the maturity date. Also, with regard to current accounts opened for natural persons, CEC Bank does not charge monthly/yearly administration fee or opening fee.
The yearly interest rate is variable, being updated on a quarterly basis depending on the NBR monetary policy. Thus, for creation periods of 18 and 24 months, the yearly bonus interest is equal to the interest rate of NBR monetary policy plus 0.50 p.p., while for the creation periods of 30 and 36 months, the yearly bonus interest is equal to the interest rate of NBR monetary policy plus 0.75 p.p.
