new products term deposits announced National Bank And Piraeus Bankadjusting its pricing policy after the last increase interest rates from the ECB.

In particular, National Bank It has:

• Term deposit for 12 months with an interest rate of 1.7% for amounts of EUR 200,000 and above, 1.5% for amounts from EUR 20,000 to EUR 200,000 and 1% for amounts up to EUR 20,000.

• Term deposit for 15 months with progressively increasing quarterly returns up to 3% over the last 3 months and an annual guaranteed return of 2%, with a minimum deposit amount of EUR 10,000.

• Term deposit for 18 months with an interest rate of 1.5% to 2.3% for amounts from EUR 20,000 to EUR 200,000 (available from February 17, 2023). At the same time, since 2022, the National Bank has been using the investment product “New Generation Investments”, which combines capital protection, a short duration (18 months), the opportunity to participate from 1,000 euros and a minimum guaranteed income of 1.5% upon redemption, with the possibility higher returns, depending on the course of the markets.

Finally, from Friday, February 17, the National Bank will provide a mutual fund (A/C) Delos Extra Income II, 5 years – bonds that invest primarily in selected corporate and government bond securities and seek to offer capital guarantee at maturity.

OUR Piraeus Bank has the following products:

• Term deposit “On your terms” (from February 14) with a fixed interest rate of up to 2% for 12 months, for the entire term, depending on the amount of the term deposit.

• Axano scalable term deposit (from February 21) with an interest rate of up to 2.75%, depending on the amount of the deposit, for up to 12 months, with a quarterly increase in the interest rate and a quarterly payment of interest. For example, if based on the amount of the deposit, the final capitalization rate is 2.75%, then the intermediate rates will be 0.75%, 1.40%, 2.30% and 2.75% for the first, second, third and fourth quarters, respectively .

• I Can Savings Account (effective Feb. 14) with a reduced interest rate of 1%, regardless of balance, to encourage regular savings.

For investors who expect higher returns, Piraeus Bank, in partnership with Piraeus Asset Management AEDAK, has a mutual fund with a predetermined maturity until February 28th.