XTB sets up interest on uninvested funds deposited in RON

XTB, the global fintech that offers an online investment platform also available as a mobile app, announces the expansion of its interest rate offer by adding RON on top of already available EUR and USD funds. With this decision, XTB becomes the first publicly listed investment company in Romania to offer interest on funds not invested in local currency.

As investors are looking for additional interest-based savings opportunities, XTB has recently decided to extend its offer to those who hold RON funds. Interest is calculated daily and paid monthly directly into clients’ accounts. It applies to existing and new clients’ non-invested funds, regardless of the total amount in the account.

“The decision to implement interest for uninvested funds in local currency is a further step towards strategically positioning XTB as the leading option for all types of investors, regardless of the strategies they develop. As more than 20% of our clients have accounts in lei, we wanted them to benefit from the context of higher interest rates. This benefit reinforces the list of reasons why clients still undecided about their choice of broker should opt for XTB”, said Irina Cristescu, General Manager at XTB Romania.

For existing XTB clients, the current interest rate is 2% per annum for deposits in lei and euro, and 2.5% per annum for dollar deposits. New customers benefit from higher interest rates for 90 days from the date of account opening: 3.5% per year for deposits in lei, 3.8% for deposits in euro and 5% per year for deposits in dollars. Rates are subject to change and will remain valid until further notice.