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RON interest rates of up to 13% for the new Millennium Bank Ascendent Deposit

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25 May, 2010 14:58 1471 Marime text

Bucharest, May 25, 2010. Millennium Bank clients can now save money with interest rates of up to 13% per year, with the new RON Ascendent Deposit, with a six months maturity. The new deposit offers a progressive interest rate, starting from 6% for the first month and increasing monthly, to 13% for the sixth month. The yield for each month can be capitalised or transferred in the current account, according to the client's needs. The early redemption is allowed at any time, without losing the interest rate for the previous entire month of saving.

"Millennium Bank aims to become a saving partner for its clients by offering a diversified range of products that match their needs. The new Ascendent Deposit is in line with this strategy, it encourages and at the same time rewards medium term savings", stated Eliza Erhan, Head of Retail Product Development with Millennium Bank Romania.

The Ascendent Deposit is available in RON and the minimum required amount is 500 RON. Customers benefit from zero opening and administration commissions for the deposit.

Millennium Bank's saving products are available in RON, EUR and USD, with maturities ranging from one to 12 months. The bank offers 0.25% higher interest rates for RON and EUR deposits opened through Internet Banking service, ranging from 7% to 8.25% for RON, and from 3.25% to 3.5% for EUR. The deposits opened in branches offer interest rates ranging from 6.75% to 8% for RON deposits and from 3 to 3.25% for EUR deposits.

MillenniumBank, part of the leading financial private group in Portugal, Millennium bcp, started its activity on the Romanian market on October 11, 2007, by simultaneously opening 39 branches in Bucharest and in other eight cities of the country. Now, Millenniumbank has 74 units throughout Romania, addressing individuals and companies,with an extensive range of products.

Millennium bcp is a success story in European banking. Founded in 1985, Millennium bcp registered, at the end of March 2010, total assets of EUR96.7 billion. Millennium is Portugal's leading private financial group and is included in key national and international stock market indices, in particularthe Euronext PSI Financial Services, PSI-20, DJ Eurostoxx banks, Bebanks and Euronext 100, of the Lisbon, Paris, Brussels and Amsterdam Stock Exchanges.

Millennium bcp has a network of more than 1,800 units, witha total of more than 21,000employees.

Millennium bcp provides a wide range of products and services, namely savings, investment, mortgage loans, consumer credit, commercial banking, leasing, factoring, insurance, investment banking, private banking and asset management, serving its customers on a segmented basis. Emphasis is given to the Internet Banking service, which has been distinguished in Europe for its quality and innovation. Since its incorporation, Millennium bcp has been renowned for its dynamism, innovation, competitiveness, profitability and financial strength. It has made its mark as the top leader in several financial business areas on the domestic market and as reference in the distribution of financial products and services on an international level. Millennium bcp is presentinPortugal, Poland, Greece, Romania, Mozambique and Angola.All operations are carried out under the Millennium brand.

Millennium bcp's focusis on the creation of valuein markets selected on the basis of a controlled risk profile and high growth potential, tosustain its internationally-recognizedservice excellence and innovation infinancial products.

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