Banks are starting to cut interests on RON

Those seeking to get an over 10% interest must hurry. Only three banks on the market are still offering over 10% for three-month deposits in RON. Marfin Bank, controlled by the Greeks by the same name, RBS and Millennium Bank announced a 10.25% fixed interest. The leader among the banks with the highest interests for three-month RON deposits until yesterday, Millennium Bank, held by the Portuguese by the same name, today cut the rate by 0.75% from 11%. The banks that pay the highest interests also include Intesa Sanpaolo Bank, a small bank. The Italians at Intesa are still among the banks with the highest interests only because of the variable 10.8% interest on RON deposits, with the interest rate updated on the first day of every month depending on the benchmark rate valid on the day before the last working day of the previous month. The fixed interest level is only 8.5%. ING Group, which until recently would pay 10% fixed interest for three-month deposits in foreign currency in turn cut it to 9%. As far as three-month deposits in euros are concerned, the interest does not exceed 4%. The highest interests are paid by the Greek at ATE Bank and Marfin Bank. Third leading bank in this respect is Intesa, with 3.96% but this is again variable interest, as the fixed interest is 3.25%. Carpatica and Millennium Bank are paying 3.75% interest.