The future of your business is more secure when you have available our solutions for Term Deposits. You enjoy a high degree of flexibility to choose the optimal combination between the setup period, the interest payment method, as well as the currency in which you want to save.
What are the advantages of term deposits?
The interest rate is fixed until the deposit maturity date;
The deposit can be set up in a number of currencies;
At maturity you have a number of options: automatic extension of the deposit with interest capitalization, automatic extension without capitalization, automatic liquidation of the deposit.
How can you get a Term Deposit?
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OTP Bank Romania S.A. is a participant of the Bank Deposit Guarantee Fund in Romania and its depositors benefit from a guarantee, by payment
of compensations, of eligible constituted deposits, within the coverage limit as established periodically by law, currently amounting to the lei equivalent of 100.000 EUR for each account holder. This level of coverage was established by Law No. 311/2015 concerning deposit guarantee schemes and the Bank Deposit Guarantee Fund, as published in the Official Journal No. 918 from December 11th, 2015. According to the law, the term „deposit” means any credit balance, including interest due, arising from funds existing in an account or from transient situations deriving from current banking operations and which the credit institution must reimburse, according to the applicable legal and contractual conditions, including term deposits and savings accounts and which are not found in one of the situations expressly mentioned in the law as not falling under the category of these deposits (art.3 (5) of the said law details the credit balances which do not fall under the category of deposits defined above). The notion of a ”coverage limit” is the maximum level of the guarantee per guaranteed depositor and bank, applicable according to art. 61 par. (3).
Additional information for depositors is available under section „Information for depositors”, which includes the list of deposits excluded from guarantee.
More details can also be found on the website: www.fgdb.ro.