Classic Term Deposit 

  • Are you looking for higher benefits and guaranteed amounts? Then Classic Term Deposit is the most convenient way of saving with a fix interest and bonus for opening through Internet Banking.
 

Features

Purpose: saving instrument for predefined periods. The deposit can be opened with one of the following options:

  • With rollover at maturity for the same period and interest capitalization (interest is added to the deposit amount)
  • With rollover and without interest capitalization (interest is transferred to the current account at maturity)
  • Without rollover (both interest and principal are transferred to the current account)

Maturities: 1, 2, 3, 6, 9, 12 months

Currencies: RON, EUR, USD

Minimum amount for opening the account:

  • 500 RON
  • 200 EUR
  • 200 USD

Interest:

  • Is calculated daily and paid at maturity;
  • Is fixed till maturity/ rollover;

Later deposits:

  • Later deposits to increase the amount of the Classic Deposit are allowed only at rollover date;
  • Minimum amount allowed for later deposit 500 RON/ 200 EUR/ 200 USD.

Partial withdrawals*:

  • Withdrawals are allowed anytime;
  • Minimum amount that can be withdrawn is 500 RON/ 200 EUR/ 200 USD;
  • For the redeemed amount, client receives the interest at maturity / rollover adjusted depending on the number of days till maturity;
  • No penalty commission is charged.

Early redemption*:

  • Early redemption is allowed anytime;
  • For the redeemed ammount, the client receives the interest adjusted based on the number of days till maturity;
  • No penalty commission is charged.
* For the withdrawn amount, the client receives a partial interest amount calculated based on the following matrix:
 

Time elapsed from the opening date till maturity / rollover

<25%

25,01% - 50%

50,01% - 75%

75,01% - 100%

Received interest (% from the interest amount calculated till the date the amount is withdrawn)

0

25%

50%

75%

Benefits

  • The Deposit can be opened in RON, EUR or USD;
  • The Deposit can be with or without rollover at maturity;
  • At maturity, the interest can be added to the deposit amount or can be transferred to the current account;
  • No opening and administration fees;
  • Later deposits allowed at rollover date with amounts equal or higher than RON 500/ EUR 200/ USD 200;
  • The interest rate is fixed till maturity/ rollover;
  • Partial withdrawal and early redemption allowed without any penalty;
  • In case of partial withdrawals and early redemption, the interest calculated for the deposit will be reduced according to the moment when this transaction was performed. You can still receive as high as 75% of the initial calculated interest till the moment of partial withdrawal/ early redemption;
  • You can check quarterly the amounts accumulated in the deposits through the combined statement;
  • Deposit can be opened at the branch or through Internet Banking.

To make your choice easier...

Benefits
Classic
Deposit
Savings
Account
Flexible maturity
Later deposits allowed anytime
Later deposits allowed at rollover
Partial withdrawals allowed
Early redemption allowed
No opening fee
Quarterly statement

See the General Fees and Commissions List

 

Linked to thosesavings you can benefit of additional products such as:

  • Current Account in foreign currency for an excellent FX spread and interest transfer
  • Debit Card for amounts acces and ATM withdrawals
  • Internet Banking for 0,25% bonus on interest, transfers, interest details
  • Credit Card with cash collateral for payments with grace period and access to Discount Program on POS
  • Investment Funds for greater yields and portfolio diversification