The Bunq neobank announced this Wednesday the launch of term deposits with gross annual interest rates of up to 2.11%, according to the press release sent this Wednesday. More precisely, the three-month deposit yields 1.76%; while for six months, the rate is 1.86%; for the 12-month deposit, the interest rate is 2.11%; and 1.91% for 24 months.
In these products You can deposit between 1,000 and 100.00 euros for each term deposit. The entity emphasizes that several deposits can be opened “as long as the cumulative total remains less than 100,000 euros”.
He also points out that interest is generated up to a maximum of 100,000 euros on all savings accounts and term deposits in euros. Any amount exceeding this limit will not earn any interest.
On your website, Bunq also informs that the deposit amount remains fixed for the entire duration, so you cannot add more money after opening the deposit. If you want to withdraw money, the bank allows you to make a full withdrawal, although it states that early withdrawal fees may apply.
At the end of the deposit period, the money deposited and the interest are transferred to the main account, so that the account linked to the deposit is automatically closed.
The neobank also made two other announcements: on the one hand, it introduced instant cryptocurrency alerts, so that, for example, customers who have an active “crypto” wallet will receive automatic notifications when the coins in their favorites list increase or decrease by more than 5% in 24 hours or reach a new all-time high.
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