CEC Bank launches a new savings product for individuals

Aurel Dragan 10/01/2019 | 15:56

CEC Bank has annonced the launch of a new savings product dedicated to individual customers, the ‘deposit with subsequent payments’, in RON, for 12 months. The annual interest rate on the launch date is 2 percent per year for deposits placed at the bank’s offices, while for those opened through alternative channels an interest bonus of 0.25 percent per annum is granted.

The minimum value of the deposit is RON 500, and subsequent deposits of at least RON 500 are allowed throughout the deposit period. Upon maturity, the deposit may be extended automatically for a period equal to the one stipulated in the contract until its liquidation, in the conditions of the interest on the day of the extension, being maintained and the facility offered by the bank not to receive a cash withdrawal fee on the day of maturity of the deposit. The amounts are guaranteed, according to the law, by the Deposit Guarantee Fund in the Banking System.

“With the launch of the Subsequent Deposits Deposit, CEC Bank comes to meet the individual customers with a flexible saving product, which also benefits from a competitive interest. We aim at both the loyalty of the existing clients and the attraction of new clients with suitable solutions for optimal cash management,” said Laurentiu Mitrache, General Manager – Chairman of CEC Bank Steering Committee.

The deposit can be made at the bank’s branches through over 1,000 territorial units of which approximately 500 are located in rural areas, as well as through digital solutions: CEC Bank Mobile Banking, Internet Banking CEConline or Phone Banking TeleCEC.

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