cdb Flexi is offered for a duration of 12, 18 or 24 months and gives the right to withdraw without charge on the initial deposit amount at the end of each semester
With the aim of giving a greater return to its customers' savings, cdbbank enriches its range of deposit products with cdb Flexi.
The new deposit product of the Bank offers flexibility regarding the duration of the deposit with a horizon of 12, 18 or 24 months respectively. The interest rate increases every six months and can, depending on the choice, reach up to 2.05%, while the minimum deposit amount is €30,000. At the end of each semester, you are given the right to withdraw a certain percentage of the initial deposit free of charge, while at the same time there is the possibility of reinvesting or collecting the interest per semester.
With the interest reinvestment option at the end of each semester, the cdbFlexi 12 (12 month) annual return is 1, 00%. Accordingly, the annual yield of cdbFlexi 18 (duration 18 months) is 1.40% while cdbFlexi 24 (duration 24 months) at 1.60%.Depending on the customer's choice, it is possible to withdraw a certain percentage of the initial deposit amount, free of charge. Specifically, the depositor may withdraw 5% of the initial deposit amount at the end of the first and second semesters and 10% at the end of the third semester.
In his statement, the First Executive Director of cdbbank, Mr. Loukas Maragos, said: “We are going through a period full of challenges with a direct impact on the Cypriot economy, society and businesses. The provision of quality service and the availability of flexible products, such as cdb Flexi, as well as personalized services to our customers, remains our main priority. After all, cdbbank has proven, in its 60-year history, that it is a reliable financial organization, which responds to the ever-growing and changing demands of the market”.
For more information you can contact cdbbank on phone 22846500, as well as submit your request electronically, via email to the DepositsUnit@cdb.com .cy
The amounts deposited in the cdbFlexi product are covered by the Deposit Guarantee System, in accordance with the provisions of the relevant Legislation.
The Bank, at its discretion, reserves the right to withdraw the product at any time.
The Bank is not obliged to accept any application for the product.
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