Automatic O/N deposit consists in every-day automatic transferring of the funds remaining at the end of the day on the current account of your Company onto a dedicated O/N deposit account. The next morning the funds from the deposit are automatically returned to your current account.
Automatic O/N deposit is kept in PLN, EUR and USD. The detailed terms and conditions for opening the deposit, including the interest rate, are determined individually.
Benefits:
- Simple and convenient investment – daily service performed automatically by the Bank and you do not need to place separate instructions.
- Time savings – you do not have to remember to open over the phone and negotiate terms and conditions for your O/N deposit.
- Effective management of free cashflow – the interest rate for the deposit is adjusted to the balance of funds.
- Flexible deposit parameters – you may determine the minimum amounts of invested funds and maximum balance that should remain on the current account.
- Potential for much higher interest rate than on the current/auxiliary accounts.
- Additional interest income without freezing your cashflow – your funds work for you every night and are still fully available during the day.
