Bancherul - BANCI / ENGLISH / Millennium Bank clients get 7% annual interest rate for three-month lei term deposit

Millennium Bank Romania clients can now benefit from the promotional three-month lei term deposit with annual interest rate of 7%. The promotional saving product can be opened in any of Millennium Bank’s branches and is available for fresh funds, during the entire summer of 2012, said the bank in a statement.

The deposit is created so as to allow the early redemption at any moment, without losing entirely the calculated interest.

“This promotional term deposit provides our customers with a competitive choice for placing their savings in lei not yet administrated through Millennium Bank. We aim at becoming a consistent saving partner for our clients and this new product allows us to fulfil this important strategic goal”, Eliza Erhan, Head of Retail Product Development with Millennium Bank Romania, stated.

Millennium Bank’s saving portfolio includes a wide range of saving products such as 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, classic saving accounts, saving account for children with 5% annual interest rate, 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.