The National Bank of Greece (Cyprus) announces new fixed-term deposit products, featuring options of 6, 9, and 12 months, with interest rates reaching up to 3.25% for the 12-month duration. Additionally, the bank introduces "ETHNOPLUS GOLD," a new fixed-term deposit product for new deposits. This product offers an escalating quarterly interest rate up to 4%, over an 18-month period, requiring a minimum deposit of €50,000 and provides returns each quarter.

The average annual yield for "ETHNOPLUS GOLD" is reported at 2.67%. This product allows for the regular acquisition of income, with interest being paid at the end of each quarter into an account of the customer's choosing at the bank, without any additional conditions. There is also a 100% capital guarantee in the event of early withdrawal. Terms and conditions apply to all these offerings.

Furthermore, the bank clarifies that this range of deposit products is covered under the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme (DGS). This protection is not unlimited and can amount up to €100,000 per depositor per financial institution, in accordance with relevant legislation.