ECONOMY FINANCE&BANKING

Veneto Banca launches Step Savings Account

Veneto Banca launches the Step Savings Account for clients that want to save for the future of their children from their first months of life to the moment they come of age. The product is available for both RON- and EUR-denominated deposits and the minimum sum required to set it up is RON 450 or EUR 100. The deposited sums can then vary. After coming of age, the young adult will be able to withdraw the entire sum saved in the account, without paying commission.
The interest rates for the Step Savings Account are 2 per cent per year for the RON-denominated account and 1 per cent per year for the EUR-denominated account, the interest rates being transferred to the account on a monthly basis. The bank does not require the payment of account opening and management commissions and sums can be transferred to the account free of charge from the pay desk or through bank transfers either by parents or by other relatives.
“For parents, children are the most important achievement and that is why all emotional and financial resources are destined to help lay the ground for a secure future that would offer them development possibilities as varied as possible. In this sense, Veneto Banca comes to their support through the Step Savings Account through which parents can make sure their children have a good start in adult life, whether we are talking about the financing of studies abroad or the purchasing of a car or even a debut in entrepreneurship,” Veneto Banca Romania CEO Alberto Morini stated.
The clients that have a Step Savings Account can verify at any time and free of charge the sum saved, through the Bank@You Basic Internet Banking service.
The sums saved in the Step Account are guaranteed by Italy’s Interbank Deposit Guarantee Fund, the guarantee cap for every depositor being EUR 100,000.
Veneto Banca has been present in Romania since 2000, the year in which it bought Italo Romena Bank’s majority shares, which merged through acquisition with its parent bank in May 2014.

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