Loading ...BCR has increased to 4.75% per year the interest rate for the 3-month euro deposits, regardless of the deposits’ value. In the case of the 1-year deposits, the interest rate has been increased to 5.25% per year.
The new interest rates are valid for the deposits with the payment of interest at maturity and open 1 October – 31 December 2008. Moreover, the new interest rates are valid also for the deposits opened 21 July – 30 September 2008 and extended automatically 1 October – 31 December 2008, if the deposits were opened with the automatic extension option.
BCR pays interest rates of 10.5% per year for the 3-month RON deposits with a value of over 10,000 RON, and 10% per year for the 6-month deposits with a value of over 10,000 RON.
Amid the higher cost of foreign financing, the banks are trying to draw as many forex resources from the local market as possible, especially since the term deposits can represent a stabile source, independent from the foreign financial context.
Amid the higher cost of foreign financing, the banks are trying to draw as many forex resources from the local market as possible, especially since the term deposits can represent a stabile source, independent from the foreign financial context.
Recently, BCR has launched a new saving-and-investment product, called the Gold Structured Deposits. The characteristic of this new type of deposit is the fact the amount of the bonus is correlated with the price of gold on the London market.
“The main advantage of this product consists in the possibility of obtaining some bigger yields than those generated by deposits since the price of gold may go up significantly. If the price of gold falls, the, client is fully refunded”, said Sorin Mititelu, the manager of the Business and Retail Products Development Department of BCR.
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