Cash Manager

Combination of a euro current account and a short-term time deposit. You choose the amount you wish to be available in the Cash Manager current account and the remaining amount is automatically transferred to a one-week time deposit with a fixed interest rate.

INTEREST
PAYMENT
Weekly
on the time deposit

Semi-annually 
on the current account
INTEREST RATE
Fixed
IDEAL FOR
  • Yield and liquidity
KEY
ADVANTAGES
  • Easy access to your money
  • Everyday transactions free of charge

How you benefit

Competitive interest rates, while having available the amount of money you need every week.

The deposit program Cash Manager offers you the benefits of a current account (e.g. instant access to your money) and a time deposit, at the same time.

When you open the Cash Manager current account, you specify the amount of money you wish to have available for your everyday transactions. Once the balance of the current account is over this amount, the excess funds will be deposited on the Cash Manager one-week time deposit.

The time deposit requires a minimum amount of €3.000 and is automatically renewed every week.



Flexibility

You have the option to:

  • Change the amount you want available in the Cash Manager current account
  • Disable the automatic process of the time deposit opening (i.e maintain all your money in your current account)

Interest Rates

Time deposit

You may find the interest rates here.

Interest, is paid weekly when the time deposit matures.


Current account

There is no limit on the amount you can deposit or withdraw and there is no need to maintain a minimum balance at any time. Interest is paid semi-annually, on June 30 and December 31.

You may find the interest rates here.


Interest rates are gross annualized and may change according to the Piraeus Bank pricing policy. Tax rate of 15% applies. Tax is deducted and paid over to the Greek State.

Transactions

Everyday transactions


Cash deposits and withdrawals

All channels at your disposal:

  • At Piraeus Bank branches
  • At ATMs – using your Visa/MasterCard Debit card
  • At easypay kiosks (deposits only accepted) – using the number of your account


Money Transfers

Fast procedure, at preferential rates:

  • Within Greece
  • Abroad


Money transfers within Piraeus Bank

One-off or via standing order:

  • Among your accounts
  • To someone else’s account


Payments

One off or via standing order:


  • Electricity
  • Water
  • Telephony/Internet
  • TV services etc


Payment of your Piraeus Bank credit cards and loans

Automatically via standing order.



Other banking needs

  • Cheque books
  • Overdraft
When an overdraft limit is approved, you get a range of transactions free of charge for all your Piraeus Bank accounts.



Cards

Debit card “Piraeus Visa/MasterCard Debit”
Use your debit card for all your transactions, without charge of interest:

  • Shop at any store displaying the Visa/MasterCard logo in Greece or abroad and via internet
  • Withdraw cash and make bank transactions at Piraeus Bank ATM, DIAS ATM and Visa/MasterCard ATM. You may simply alter your debit card’s daily transaction limit at any Piraeus Bank branch or through winbank.

Piraeus Visa or MasterCard credit card

No annual fee for the first year or for every next year depending on your annual transactions.

Although it is not obligatory to set an automatic payment of your card to your account, it is highly recommended to do so.

Cards

Debit card “Piraeus Visa/MasterCard Debit”

Use your debit card for all your transactions, without charge of interest:

  • Shop at any store displaying the Visa/MasterCard logo in Greece or abroad and via internet
  • Withdraw cash and make bank transactions at Piraeus Bank ATM, DIAS ATM and Visa/MasterCard ATM.
You may simply alter your debit card’s daily transaction limit at any Piraeus Bank branch or through winbank.



Piraeus Visa or MasterCard credit card

No annual fee as long as you receive your salary through Piraeus Bank.

Although it is not obligatory to set an automatic payment of your card to your account, it is highly recommended to do so.

The above features and interest rates are valid for new accounts opened since 01/10/2015