Under the mattress is no longer the place to keep money
Times have changed and you need a back-up plan for the years to come.
Term deposits from OTP Bank bring you the safety you need for a peaceful life. In addition, a standard deposit gives you the opportunity to make money, through the interest accumulated continuously.
The term deposits from OTP are available in RON, EUR, USD, HUF and GBP;
You can increase the savings rate due to the interest capitalisation effect;
Automatic administration of the standard deposit by choosing one of the three options available for the maturity date;
Zero opening, liquidation and cash withdrawal fees*;
* only in case of cash withdrawals for term deposits at maturity (except for term deposits at maturity with a maturity less than or equal to 1 month)
Upon maturity you can choose one of the 3 options:
- automatic extension of the deposit with interest capitalization - the term deposit will be automatically extended by the bank with a number of months equal to the initial option, by using the interest rate valid at the date of the deposit extension, and the interest accumulated for the previous period will be added to the initial deposit;
- automatic extension of the deposit without capitalization - the online deposit will be automatically extended by the bank with a number of months equal to the initial option, by using the interest rate valid at the date of the deposit extension, and the interest accumulated for the previous period will be transferred to the current account;
- automatic liquidation of the term deposit - the bank transfers the deposit amount and associated interest to your current account.
You can set up a standard deposit for 1 week, 1 month, 2 months, 3 months, 6 months, 9 months, 12 months, 18 months and 24 months.
How can you open a standard deposit with OTP Bank?
All you need is a valid identity card, in original. You can apply for a standard deposit, at any OTP Bank branch.
The minimum opening amount is 100 RON / EUR/ USD/ GBP or 25.000 HUF.
Do you want more
Read the information from the downloadable pdf. documents or contact us and we will answer all your questions.Interest
OTP Bank Romania S.A. is participating at the Guarantee Fund for Banking Deposits (FGDB), and their depositors benefit, by compensations payment, of guarantee of the deposits held, within the cover limit established by the law periodically, which is EUR 100,000 (RON equivalent) at the present time, for each account holder. This cover limit was established by the Law no. 311/2015 regarding the deposits guarantee schemes and guarantee fund for banking deposits, published in the Official Monitor no. 918 from December 11, 2015. According to the law, the „deposit” notion represents any credit balance, including due interest, resulted from funds held in an account or from transitory situations deriving from current banking transactions that should be reimbursed by the financial institution, according to the legal and contractual conditions applicable, including term deposits and savings accounts, and the notion „cover limit” represents the maximum level of the guarantee/ per depositor/ per credit institution, applicable according with article 61 paragraph (3) or, after case according with article 62.
Do not fall into the category of deposits, as they were defined, credit balances whose existence can only be proven by a financial instrument, as it is defined in article 2 paragraph (1) point 11 of Law no. 297/2004 regarding the capital market, as amended and supplemented, unless it is a savings product certified by a certificate of existing nominal deposit on July 2, 2014. More information can be obtained by accessing depositors document: „ Information for depositors ”. More details are available on the website: www.fgdb.ro.