The "Flexible" account addresses to resident and non-resident individuals, to whom the bank offers an attractive interest rate and the possibility to perform debit and credit transactions.
Beneficiaries: resident and non-resident individuals above 18 years of age
Necessary documents: ID card and Flexible Account opening form
Minimum amount for account opening: 1,000 LEI, 250 EUR, 250 USD To be remembered! The minimum amount is only for the account opening, after that, the client may use the money without the account being closed
Transaction types allowed through "Flexible" account: - cash deposits and cash withdrawals - inter-banking transfers: outgoing and incoming orders - intra-banking transfers: outgoing and incoming orders - foreign exchanges - setting up or liquidation of term deposits - loan repayments
Variable interest rate* (starting 20 April 2010):
LEI
6.00 %
EUR
2.50 %
USD
2.00 %
The annual interest rate for RON accounts = ROBOR1month - 3pp; ROBOR1month available on the 15th day of the month before; The annual interest rate for EUR accounts = EURIBOR1month - 1pp; EURIBOR1month available on the 15th day of the month before; The annual interest rate for USD accounts = LIBOR1month - 1pp; LIBOR1month available on the 15th day of the month before;
If following the formula result, the annual interest rate will reach a negative value the bank will offer a positive value, regardless of the currency. The interest rate is rounded to the nearest decimal of percentage point; (e.g. in RON case, if the percentage rate, upon the formula is applied, will be 8.149%, this value is rounded to 8.10%, while a percentage rate of 8.150% is rounded to 8.20%).
* The Bank can unilaterally decide, based on internal decisions and for limited periods of time, to increase the interest rate.
The date of the interest rate change is on the 1st day of each month.
Minimum interest rate paid by the Bank:
LEI
5.34
EUR
0.51
USD
0.41
To be remembered! The interest rate under this value is not paid by the Bank and it is not reported for the next months The interest rate is capitalised (added to the principal) monthly
The interest rate is rounded at two decimals and it is paid at the end of each calendar month, provided the sum calculated this way to be at least equal to the following values: - for the accounts in RON :1000 x interest percentage x 30/365 x 100 - for the accounts in EUR : 250 x interest percentage x 30/365 x 100 - for the accounts in USD : 250 x interest percentage x 30/365 x 100
The minimum interest rate due to the Client for the credit balances will be calculated at the end of each month and will fluctuate monthly.
