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Active cut forward by the Trade

It lasted a long dance of the forward interest rate over 6% Commercial Bank, or simply succumbed to external pressures.

So we have dramatic changes in futures " PROSODOS 6 , culminating in a reduction in the rate of annual yield of 6.40% to 5.05%.

Further changes to the new time deposit shown below (with the diagonal are the elements that have changed since the program began):

Term Deposits " PROSODOS 6 "

Product Features
  • Maturities and interest rates:
    • 2 months interest rate: 5.60% (gross and annualized)
    • 3 months interest rate: 5.80% 5.60% (gross and annualized)
    • 6 months rate: 6.00% 5.20% (gross and annualized)
    • 12 months interest rate: 6.40% 5.05% (gross and annualized)
  • Minimum entry 20.000 €
  • Maximum investment amount 500.000 € for any length
  • Interest charge and return of principal and interest at the end of term deposit
Core Offer
  • Disposal by 17/11/2008
  • Aimed at new customers, and to old to transfer funds from other banks
  • Addressed to individual investors, but also in Business and Legal Persons
Comparison with other deposits