Certificate of deposit with discount
The cerificate of deposit with discount is a savings product, non-negociable, with a fix interest rate, in dematerialized form, which offers to clients the possibility to invest for a certain determined period of time.
This product is addresed to resident or non rezident individuals, giving them a high degree of liquidity, superior to the classic term deposits.
Necessary documents
Valid identity card.
| Characteristics | Description |
|---|---|
| Currency | RON, EUR |
| Interest rate | Fixed throughout the entire period, between the date of acquisition and the date of maturity |
| Maturity | 1month, 3 months, 6 months, 9 months, 12 months |
| Nominal value |
|
| Taxes and fees | No opening, liquidation and cash withdrawal commission |
| Maturity options | Liquidation: the amount for the nominal value will be transferred in the client current account. |
| Redemption before maturity | Total or partial. In case of partial redemption, the remained certificates of deposit will keep the same interest rate and the same maturity date as the one initially assigned |
| Value of purchase/ redemption value | In each working day will be estabilished a purchase price and a redemption price, which are sett daily, depending on interbank market evolution and government securities market |
OTP Bank Romania S.A. participates at Deposit guarantee Fund in the Banking System and starting with 30.12.2010 the guaranteed limit for deposits was increased by the Fund up to EUR. 100.000, equivalent in lei for each single owner of the account. The definition of deposit means: certificate of deposit, term deposit, current account, Junior account and savings account.
