Piraeus Bank: Announced an increase in interest rates on time deposits and a reduction in fees

Piraeus Bank, following the recent increases in interest rates by the European Central Bank, announced today that it is adjusting, from Monday 19/12/2022, the interest rates of its basic deposit product, Term Deposit “As You Measure”, offering an interest rate of up to 1% for a period of 12 months.

The Term Deposit “At Your Measures” is available both online at WinBank and through the Bank’s network of branches.

It is a form of term deposit that gives depositors the opportunity to choose its characteristics themselves (amount, duration, interest frequency, etc.), and thus adjust it according to their needs.

In addition, the Bank, given the inflationary pressures burdening disposable income, is proceeding to reduce or even eliminate costs in a number of Basic Banking Services and Payment Transactions, in order to support its customers to have lower costs when managing transactions and of their obligations.

In comparison, from now on a series of services will be offered free of charge, such as:

• The IRIS P2P service, for transferring money from a Piraeus customer account to a beneficiary account in another domestic bank, including Piraeus.
• The assessment of mortgage applications
• The market for Greek government securities.

Also, the Bank will proceed with significant commission reductions of 25-50% in its invoice and in a series of other services such as:

• Payment of bills (DEKO, mobile phone, etc.) at the Bank Branch.
• Credit card subscription
• Standing orders for payment of bills
• Sending money (transfer) to banks outside the euro zone from a Bank Branch

The above reductions will take effect from Friday 23.12.2022.

RES-EMP

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