You manage to pay your monthly expenses, and you still have some money for emergency situations? Choose the automatic savings program from OTP Bank, a flexible and complex banking product, ideal for your savings.
All you have to do is set the amount you want to transfer and the date you want the money to be transferred from your current account into savings or investment products. Thus, your savings will be automatically transferred each month without having to go to the bank.
What are the advantages?
The offer is available for your accounts in LEI, EUR, and USD;
You benefit from quick and simple access to several financial products and a team of professionals who works for you;
Flexibility: the automatic transfer is made only if the settled amount is available in the current account for which the program was activated;
Transparency: you can always check your savings portfolio from OTPdirekt – Internet Banking app;
The frequency of automatic transfers you can opt for is a very flexible one, so you can choose a specific frequency for each product selected in the automatic saving program;
Free program activation;
You can quit anytime, free of charge.
In what type of products can you save automatically?
Investment funds managed by OTP Asset Management Romania SAI SA, NN Investment Partners, Franklin Templeton Investments si Eurobank FMC-LUX: the minimum amount needed is 50 LEI / EUR / USD, according to the currency of the fund;
Standard term deposits: the minimum amount needed is 100 LEI / EUR / USD, according to the currency of the fund;
Savings account and / or Junior account: There is no minimum amount. You can invest in LEI / EUR / USD.
How can you benefit from the automatic saving program?
If you have extra money and you want to manage them efficiently, we are waiting for you at any of our branches to activate the automatic saving service. All you have to do is sign an addendum to the current account framework agreement and your savings are safe!
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Frequently Asked Questions
Can I use the money I have in my savings account at any time? How does this affect me?
Yes, money deposited in a savings account can be used at any time. You will still receive the interest calculated for the amount you have in your savings account.
When do I receive the interest for my savings from the savings account?
Interest is calculated based on the daily amount you have in your account and is transferred into your savings account at the beginning of the following month. The interest rate is variable and varies depending on cumulative instalments.
What is the minimum amount required to open a deposit?
To open a deposit account with OTP Bank, you need at least 100 LEI, 100 EURO, 100 USD, 100 GBP or 25.000 HUF. To find out the interest rate level applied depending on the amount deposited and the maturity period, go to this link.
How is the interest on deposits?
Interest on deposits is fixed and applies to the amount in the deposit account for the selected period.
Can I withdraw interest on deposits every month?
You can withdraw interest monthly only if you opt for the following options:
- Deposit in LEI, EUR, USD, HUF, GBP with one month maturity;
- Deposit in LEI, EUR on 1 year with fixed interest and monthly interest payment.