Changes in interest rates

Piraeus Bank announces the changes in interest rates that will take effect as of 20.3.06. It is estimated that deposit rates will rise up to 0.25%, while all interest rates of business, mortgage and consumer loans remain unchanging. Fixed interest rates of mortgage loans starting at 3.50% for one year are also being reviewed. In particular, increases in deposit accounts reach 0.25% and interest rates are as follows:

- Simple Savings Account from 0.60% to 2.10%
- Savings "Plus" Account from 0.60% to 2.25%
- Piraeus Payroll Account from 1.10% to 2.35%

Prime and Preferential interest rates of Mortgage Loans remain unchanging, as well as the Prime Interest Rate of Consumer Loans. Moreover, the interest rates of the following products remain unchanged: Business Loans Prime Rate, Business Loans Preferential Rate, Long-term Credits Prime Rate, and Business Premises Loans Prime Rate. Credit card rates will increase by 0.25% (as of 20.4.06). Fixed rates of Mortgage Loans start at 3.50% for 1 year and continue as follows: 3 years from 4.50%, 5 years from 4.85%, 10 years from 5.10%, 15 years from 5.30%. Mortgage Loans with fixed interest rates for 20 years (new product) are from 5.60%.


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