RCB Bank Ltd announces the launch of its new “TOP UP” fixed term deposit

10 December, 2013

Dear Clients,

We are continuing to develop our range of saving products and are pleased to announce the launch of a new “TOP UP” fixed term deposit scheme.

Deposit "TOP UP" enables a client to add funds to the deposit account during its lifetime that allows to accumulate savings and to receive stable income in the form of regular interest payments.

The deposit can be opened in Euro for the terms range from 12 to 36 months. 

Interest is paid to the depositor’s current account on a monthly or quarterly basis.

Minimum amount of Initial deposit is 15,000 Euro. Minimum top up amount is 5,000 Euro.

Upon client’s request the deposit can be renewed on terms and at the interest rate valid on the date of renewal. This deposit scheme does not allow partial withdrawal of the principal amount until maturity of the fixed term deposit.

Initial deposit, Euro 12 months 18 months 24 months 36 months
15 000 - 49 999 2.20% 2.40% 2.60% 2.75%
50 000 - 99 999 2.50% 2.70% 2.90% 3.05%
100 000 - 499 999 2.70% 2.90% 3.10% 3.25%
≥ 500 000 2.90% 3.10% 3.30% 3.50%

RCB Bank Ltd participates in the Deposit Protection and Resolution of Credit and Other Institutions Scheme (the “DP&RCOIS”). The DP&RCOIS covers all types of deposits (demand, savings or time deposits), belonging to physical or legal persons, denominated in all currencies. The maximum level of compensation, per depositor, per bank is €100.000 (one hundred thousand euro) or its equivalent in another currency.

You can obtain more details about our new deposit scheme at one of our branches or by calling on +357 25 355 722 (from abroad), 800 00 722 (toll-free in Cyprus) or 8 800 100 7722 (toll-free in Russia).

Yours faithfully,
RCB Bank Ltd