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CEC Bank is launching a savings account, a new savings product for natural person clients.

The savings account can be set up in any of the over 1,000 territorial units, out of which about 500 are located in the rural area. The new product combines the flexibility of a current account with the advantages of saving at profitable interest, differentiated in value tranches. As such, the interest may reach an annual level of 0.70%, on amounts between 25,000 and 100,000 lei. Deposits and withdrawals of subsequent amounts are be allowed throughout the operation of the savings account.

Additionally, clients can benefit from a wide range of fixed-term deposits, with interest rates of up to 4.50% in the case of deposits with a maturity of 36 months. Clients may also opt for the deposit with subsequent payments, with a maturity of 12 months and renewal upon maturity, which allows for deposits of amounts throughout the set up period.

The amounts are guaranteed, according to the law, by the Bank Deposit Guarantee Fund.

"By launching the savings account, CEC Bank comes to natural person clients with a flexible and competitive saving product. Thanks to the advantageous interest rates, the new product represents one of the simplest and most accessible solutions for managing liquidities," said Mr. Bogdan Constantin Neacsu, CEO - Senior Vice-Chairman of CEC Bank Steering Committee.

Further information related to CEC Bank's products and services are available at any territorial agency, by calling the toll-free telephone number 0.800.800.848 or by visiting the website www.cec.ro.