What is the method of calculating the interest on term deposits?
We calculate the interest on term deposits according to the following formula: Gross interest = (Nominal value x Number of effective days x Interest rate) / 360 x ...
What happens if I close the term deposit before maturity?
In this case, you will not receive interest during the accumulation period. 🙁All you can receive is the equivalent of the sight interest from the moment of accumulation ...
Where can I check the interest rates applied to deposits?
You can check the interest rates related to online saving products on the BT website, in BTPay mobile and web, or at any BT unit. 😊
Can you withdraw money from a fixed-term deposit?
Yes, you can withdraw the money whenever you want - but you lose the interest if you withdraw the money before the maturity date.
How can you save with BT Pay?
In BT Pay you have 3 saving options: Round Up, term deposits, and savings account. You can activate Round Up from the app's homescreen, and ...
Can you have multiple savings accounts and term deposits?
Yes, you can have several - one for each plan 🥳. In addition, you can rename them as you want, to make it easier for you to set money aside.
In what currency can I save?
You can have savings accounts as well as deposits in Lei, Euros and Dollars 🙂