Following the latest increase in the benchmark interest rate of the European Central Bank by 0.25%, Piraeus Bank readjusts certain floating deposit and borrowing rates as of Monday, October 16, 2006.
As far as Business Loans are concerned, the Prime Rate, Preferential Rate and Long-term Credits Prime Rate remain unchanged.
The Prime and Preferential Rate of Mortgage Loans remain also unchanged.
The Prime Rate of Consumer Loans will increase by 0.25%, and credit card rates will also increase by 0.25%.
Finally, the interest rates of Savings and Piraeus Payroll deposit accounts will increase, and the maximum interest rates per account category are as follows:
- Simple Savings Account: up to 2.50%
- Savings "Plus" Account: up to 2.75%
- Piraeus Payroll: up to 2.75%