Bancpost raises interest for deposits

Interests for RON deposits continue to rebound, with more and more banks increasing yearly interest up to 7.5-7.75% after the signal given by the NBR (National Bank of Romania) at the beginning of February. At the same time, there has been an increase in interest for deposits in dollars, as well as in euros due to moves on the international markets. Bancpost yesterday launched a new product to attract savings, by which it guarantees a fixed interest of up to 7.75% for the whole maturity. As opposed to classic term deposits for which, if they are liquidated before term, the client only gets the sight deposit rate, in the case of the STANDARD deposit, Bancpost pays interest calculated according to the number of days that the deposit is kept in the account if it is liquidated in the second half of the maturity period. For savings in dollars, the interest increases to 4.9% per year, while the interest for euros can reach 3.1% depending on the sum deposited. ZF