Piraeus Bank has embarked on a readjustment of deposit and loan interest rates regarding consumer and SMEs products.
The Bank’s base rate for deposits remains at 1.75%, while for specific deposit accounts, such as the savings “plus” account, interest rate amounts to 3%. At the same time, the Bank offers a new series of term deposits “Piraeus Multi-Profit”, which combines an annual term deposit with a 2-month term deposit, thus allowing customers to enjoy interest rates ranging between 4.25% and 6% for the 2 month - term deposit.
As far as consumer products are concerned, Piraeus Bank retains unchanged the credit card base rate, while at the same time it reduces the interest rates for Gold Visa credit cards to 14.5% from 15.5%. It must be noted that for Piraeus Bank credit card holders a special interest rate reduction program is launched, whereby interest rates are lower by 1.75% than the base rate for customers who settle their obligations regularly for six months.
Moreover, Piraeus Bank announces the launch of a holiday loan on June 17th and at an interest rate of 9.25%, while it reduces interest rates for the purchase of shares from 10.50% to 10.25%.
Finally, the Bank reduces maximum interest rates margins on express business loans, for SMEs, by one percent (from 0%-5% to 0%-4%). Through the reduction of loan margins in this specific product category, Piraeus Bank proves its interest in strengthening small and medium-size enterprises, combining products and high quality service (loan approval in 24 hours) with very competitive pricing.
New interest rates apply from 11.6.2002