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Your money makes money every month

advantageous savings in MDL and foreign currency

Secure savings

and available immediately

Advantageous interest rates

up to 8% in MDL and 2.8% in foreign currency

You get interest

even at early closure*

The right decision at the right time can bring maximum long-term results.
With an ASCENDENT deposit, your money makes money every month and you have more time for your loved ones.

Your advantages

- Save advantageously in MDL or in foreign currency, depending on your needs
- Benefit from immediate availability of resources in any OTP Bank branch
- Your savings are safe with an international financial group
- You have ZERO costs for opening, managing and closing deposit accounts
- You can open deposits online via OTP Internet and Mobile Banking or in any OTP Bank branch
- Get a free Visa Gold card** with 0.5% cashback, on which you will receive the interest paid monthly
- Receive interest on your current account or directly on your card

*The floating interest rate of 8% applies to the opening of the ASCENDENT deposit in MDL. In case of early closure (before maturity), the Bank will recalculate and grant the interest depending on the term of keeping the funds on the account: in the first 7 months - 0%, after 7 months - 2%, after 10 months - 5%.
**The Visa Gold card, issued and serviced free of charge for the entire period of validity, is granted when opening ASCENDENT deposits in MDL and USD. The MasterCard Gold card is granted free of charge for deposits opened in EUR.

Deposit
Deposit
Currency
Term
Amount

Deposit
Interest rate
Type of period
Income per period
Total income
Total amount
Table of payments
The calculations are illustrative

Features

- Currency: MDL / USD/ EUR
- Term: 17 months (518 days)
- Minimum amount / minimum balance: 5000 MDL / 100 USD / 100 EUR
- Interest rate: floating
- Interest payment: monthly, on current account or card
- Maximum amount: unlimited, according to the conditions set by the Bank
- Additional deposits: allowed
- Withdrawals: not allowed
- No automatic renewal
- Opening / closing fee: 0

FAQ

How can I open a deposit account?

To open a deposit via OTP Internet/Mobile Banking application, follow the steps below:

Step 1: Select the "Warehouses" option from the application menu
Step 2: Press the "+" button at the bottom of the screen to add a repository
Step 3: Select the source account from which you will transfer the money to the deposit account
Step 4: Select the deposit from the predefined list
Step 5: Enter the amount to be transferred
Step 6: Tick all the required boxes and authorise the transaction, after you have read the documents they refer to.

For more details, go to Information on Deposit Acceptance Conditions for Individuals.

What documents are required to open a deposit account?

In the case of account opening by the account holder in branches:

  • Original identity document (identity card - residents, passport - non-residents).
  • Other documents, as appropriate


In case of opening of a deposit account for an existing customer by an authorised person:

  • Original identity card of the authorised person.
  • Notarised document (power of attorney) attesting the person's authority to open the account, the deposit account and other documents required for opening accounts at the bank
  • Other documents, as appropriate
What is the difference between a term deposit and a savings account?
  • A term deposit is a bank product designed for savings, which is set up for a fixed period of time, without options to top up or withdraw cash.
  • Savings account is a banking product for saving purposes that is set up for an indefinite period of time, offering the possibility of making additional deposits and withdrawals as required respecting the minimum and maximum balance.
What is the minimum amount to set up a term deposit or savings account?

The minimum deposit amount varies depending on the type of savings product selected.

For more details, see Information on deposit conditions for individuals.

When do I get interest on money in a savings account or term deposit?

Interest payments for term deposits are made monthly or every 30 days depending on the product selected.

Interest payments for savings accounts are calculated monthly or quarterly depending on the product selected, with interest transferred to the account on the first day of the month.

How is interest calculated on deposits and savings accounts?

General interest calculation method: (Deposit balance*interest rate*number of days)/365*100

Calculation example: (20 000*2,5*180)/365*100=246,58

Balance (lei) - 20 000 thousand lei
Interest rate - 9,5%
180 - term of deposit
365 - number of days in the year.

For more details, see Information on deposit acceptance conditions for individuals.

To which account is the interest transferred?

The interest calculated for term deposits is transferred monthly to the current or card account indicated when the deposit is opened.

Does the deposit automatically roll over on maturity?

The automatic extension option varies depending on the product selected.

Deposits opened through OTP Internet & Mobile Banking are not automatically renewed, at maturity the deposit balance is transferred to the customer's current account.

Is interest income taxable?

Under current legislation, banks, savings and loan associations and issuers of corporate securities withhold a tax of 6% on interest paid to resident individuals and 9,5% on interest paid to non-resident individuals.

For example, if the bank calculates an interest of 100 lei for a certain period, then the amount of tax will be 6 lei (100*6%) and 93 lei (interest minus withholding tax) will be transferred to the account.

How can I get information about my deposit accounts?

Information on deposit accounts can be obtained at the branch or via OTP Internet/Mobile Banking.