Millennium Bank launches three-month lei deposit with annual interest rate starting from 8%

Millennium Bank clients can now benefit from a promotional three-month lei deposit whose interest rate starts from 8% per year for the first month. The annual average interest rate of the newly launched “Wise Deposit” is 6.03% for the three-month period, which places this deposit among the top offers on the market for short term saving.

The Wise Deposit will be available for new funds until March 31, 2013, in all Millennium Bank branches and can also be opened via Call Center. The deposit opening and administration are free of charge and the minimum amount is 2,000 lei. In case of early redemption, the clients still receive 50% of the interest rate accumulated until the redemption moment.

Millennium Bank’s saving portfolio includes a wide range of products, among which the Ascendent Deposit with progressive interest rate that reaches 10% per year for the sixth month, “May You Grow Up” saving account for children with 5% annual interest rate, as well as Dual Package, a saving and investment instrument, made of a three-month lei deposit with 10% annual interest rate and an investment fund with moderate risk.

The bank offers 0.25 pp higher interest rates for lei term deposits opened through the Internet Banking service, reaching up to 6% per year. The term deposits in euro opened via Internet Banking benefit from 0.15 pp bonus to the interest rate and their annual yields go up to 3.65%.

Millennium Bank, 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. The bank addresses both individuals and companies, through an extensive range of products.

Millennium bcp is a success story in European banking. Founded in 1985, Millennium bcp registered, at the end of December 2012, total assets worth EUR 90 billion. Millennium is Portugal's leading private financial group and is included in key national and international stock market indices, in particular the Euronext PSI Financial Services, PSI-20, DJ Eurostoxx banks, Bebanks and Euronext 100, of the Lisbon, Paris, Brussels and Amsterdam Stock Exchanges.

Millennium bcp group has a network of 1,700 units and a total of more than 20,000 employees.

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 operates in Portugal, Poland, Greece, Romania, Switzerland, Mozambique, Angola, Macao, France and Luxembourg. All operations are carried out under the Millennium brand.

Millennium bcp's focus is on the creation of value in markets selected on the basis of a controlled risk profile and high growth potential, to sustain its internationally-recognized service excellence and innovation in financial products.