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New Interest Rates

21 September 2001
Following the lowering of interest rates by half a percentage point by the European Central Bank, EFG Eurobank Ergasias adjusts its interest rates in specific categories of deposit and lending products.
Following the lowering of interest rates by half a percentage point by the European Central Bank, EFG Eurobank Ergasias adjusts its interest rates in specific categories of deposit and lending products.
The Bank also announces its new, lower Mortgage Lending interest rate
  • fixed at 3.75% for the first year, and
  • fixed at 4.30% for the first two years The new interest rates will go into effect on September 24, 2001 and are as follows:
    DEPOSIT PRODUCTS
  • The interest rates of the New Savings account are reduced by half a percentage point to 3% fixed deposit interest rate on the entire deposit amount.
  • The interest rates of other deposit accounts are also reduced by half a percentage point and will range between 1.25% to 2% , depending on the daily available balance. LENDING PRODUCTS
  • The basic lending rate for small business loans is reduced by half a percentage point, from 7.75% to 7.25%.
  • The first year interest rate on mortgage loans is reduced by one percentage point from 4.75% to 3.75%.
  • The basic floating mortgage lending interest rate is reduced by 0.65% to 6.25%.
  • The interest rate on professional mortgage loans is reduced from 7.1% to 6.8%.
  • The interest rate on Open Personal Loans is reduced from 14% to 13.6% and the interest rate on credit cards is reduced from 17.5% to 16.8%.
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