BORO Savings Account

An account for regular savings. It rewards your savings effort with a privileged interest rate and with no constrains on your funds.
INTEREST
PAYMENT
Annually
INTEREST RATE
Tiered whole balance
IDEAL FOR
  • Regular savers
KEY
ADVANTAGES
  • Privileged interest rate
  • Flexibility on saving
INTEREST
PAYMENT
Annually
INTEREST RATE
Tiered whole balance
IDEAL FOR
  • Regular savers
KEY
ADVANTAGES
  • Privileged interest rate
  • Flexibility on saving

How you benefit

Motivation for regular saving

BORO Savings Account is exclusively offered for saving purposes. You are rewarded with a privileged interest rate as long as you save on a regular basis throughout the year.


In order to prevent you from consuming your savings, this account can not be used for any other banking transactions. However, in case you need to withdraw money from your account, you can do it directly at a Piraeus Bank branch.

Interest rates

Higher interest rate than any ordinary deposit account.

BORO Savings Account pays interest once a year. Each amount saved periodically bears interest from the date that is deposited.

  • Privileged interest rate annually in case that:

    • You have not missed any of your regular deposits during the year
    • You have made up to one withdrawal within the year, regardless of the amount


  • Basic interest rate annually, in case that:

    • You made more than one withdrawal during the year, regardless of the amount
    • You have missed one or more of your regular deposits
    • You have cancelled your standing order

You may find the interest rates here.

How to save

Via a standing order

You save up regularly and automatically via a standing order you set up on any other Piraeus Bank deposit account you hold. You select the terms of the standing order and you can change them according to your needs:


  • Amount: From €20 to €500
  • Frequency: Every 1 or 3 months
  • Linked account: Any Piraeus Bank account you hold
  • Feeding account: Any Piraeus Bank account you hold




Restrictions

Since it is an account dedicated to savings purposes, it has some restrictions:

  • You cannot perform day-to-day banking transactions, such as payments, money transfers, etc.
  • It cannot be linked to a debit or credit card. In case you need to make a withdrawal you have to visit a Piraeus Bank.
  • Deposits to the account can be made only via a standing order or via “Pay & Save” Service.



The above features and interest rates are valid for new accounts.