28.06.2010
Codzienny Zysk Deposit in Bank Millennium
Bank Millennium has launched a new deposit product with daily capitalisation of interest - Codzienny Zysk Deposit - with an interest rate corresponding to 5% per annum on a traditional deposit with capital gains tax.
Key features of the Codzienny Zysk Deposit:
- 4.05% per annum, which corresponds to 5% on a traditional deposit with tax
- The deposit may be set up for several convenient periods: 3, 4, 5, 6 and 12 months
- Depending on the customer's decision, interest will be capitalised daily on the deposit account or transferred daily to the current account
- The customer may change the interest capitalisation instructions during the period of the deposit
- Minimum deposit amount: PLN 1000, maximum amount: PLN 20 000
- One customer may set up a maximum of one deposit with a specific maturity period, i.e. 5 deposits with various maturities.
If the deposit is terminated prematurely, the customer will receive the entire amount of interest capitalised and/or paid to the current account until the day preceding the termination of the deposit. However an administrative fee will be charged to the current account, calculated with the following formula: paid out deposit amount x 0.011% x number of days, during which the deposit was kept.