BUSINESS

CEC Bank attracts money from the population on long term

CEC Bank introduced in its offer several long-term deposits on 18 to 36 months, with variable interest rates, actualised on quarterly basis, depending on the key interest set by BNR, currently ranging between 5.75 and 6 pc a year, the bank announced yesterday, quoted by Mediafax. The minimum value of the deposit is RON 500. When the deposit matures, both principal and interest are transferred to the current account. The bank does not charge a withdrawal commission if the money is withdrawn the day when the deposit matures. In the case of current accounts for individual customers, CEC Bank charges neither an opening commission, nor a monthly/annual administration commission. “By launching the long-term deposit, CEC Bank continues its policy aimed at diversifying the product range, increasing the loyalty of existing customers and attracting new ones,” the president of CEC Bank, Radu Ghetea said.

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