18.11.2016
Above-standard interest rate on foreign currencies on the Savings Account
With a view to persons who travel extensively (on business and for leisure) or whose income in is foreign currency, Bank Millennium has launched another promotion of FX Savings Account. Customers depositing new money in USD will get an above-average interest rate of 1.2% per annum while EUR will earn 0.9% on new money.
- Customers responded very well to the first promotion hence our idea to do another run. Saving in the currency of the country we are planning to go to has many advantages – we are avoiding the risk of FX rate surge in result of turbulence on FX markets and we know how much exactly will the trip cost. Also comfort matters, understood to mean access to euro or dollars abroad at a known FX rate. For years now the Bank has been consistently promoting savings with the attractive interest rate on Savings Accounts being a component of this strategy. – Tomasz Misiak, Director of the Retail Banking Marketing Department in Bank Millennium said.
Promotional interest rates for new money on Konto Oszczędnościowe Walutowe
| Promotional interest rates on new money per year | USD | EUR |
|---|---|---|
| Up to USD/EUR 50,000 | 1,20% | 0,90% |
| Surplus over USD/EUR 50,000 | 0,50% | 0,20% |
FX Savings Account benefits:
- a regular FX savings instrument for purposes of future travel or purchases
- flexible access to savings without losing interest
- protection against FX rate fluctuations
- monthly capitalisation of interest
- high promotional interest rate on new money during 3 months
The promotion will continue till 24 December 2016. The promotional interest rate shall apply during 92 days and will be counted from the day, on which the first new money is transferred to the FX Savings Account during the Promotion period. Eligibility for the Promotion is described in Regulations available on www.bankmillennium.pl and in Bank Millennium branches all over Poland.