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UniCredit Tiriac Bank launched a deposit whose performance is linked to the evolution of the exchange rate

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2011-06-30 11:48

UniCredit Tiriac Bank launched ‘Maxi Depo’ – a deposit addressing both natural and legal persons, whose performance is linked to the evolution of the exchange rate and which allows customers to obtain a higher yield than in the case of a regular deposit, said the bank ina press release. rnrnThe invested sum is guaranteed if the customer keeps the contract until the deposit matures. For now, the bank made available 6-month deposits that can be subscribed from Monday to Saturday each week, with the minimum sum of a deposit being RON 3,000. rnrnThe notional (minimum sum that must be accumulated in the case of a collective subscription) is RON 2,000,000. If the notional amount is not reached during the collection interval, the deposit is not created and the principal remains in the customer’s current account. rnrnThe maximum interest of the deposit in RON currently stands at 11 pc a year, and the interval in which the exchange rate must fluctuate, so the deposit gets remunerated at this level, is set depending on the BNR exchange rate at the date when the deposit was made, bordered by two comfortable margins that depend on the market conditions during the subscription interva

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