Credit Europe Bank - Up to 5,50% p.a. - New time deposits with monthly interest payments

Up to 5,50% p.a. - New time deposits with monthly interest payments

19.06.2009

Effective today, Credit Europe Bank N.V. offers long term time deposits with monthly interest payments. The new time deposits can be opened as of a minimum amount of €20, 000, for 7 years at 5.25% p.a. or for 10 years at 5.50% p.a. The monthly interest is paid on the daily withdrawal Credit Europe Top Interest account, so it is freely available.

Deposit rates for 3 years, 4 years and 5 years with yearly interest payment will be changed to 4.25%, 4.50% and 4.75% respectively. Interest rates of other existing Credit Europe Bank saving products will remain unchanged.

“The new Credit Europe time deposits are intended to provide long-term savers with an advantageous opportunity: 100% secure monthly income at a very competitive interest rate”, says Eric Schröder, Division Director Retail Banking Europe. “It shows that we follow a pricing strategy designed to balance the interests of our customers. We are very confident that savers will well respond to this – especially in the current economic climate”.

This offering is not available for business clients.

Gross Interest rates for time deposits from € 20,000 with monthly interest payments