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XTB sets up interest on uninvested funds deposited in RON
XTB, the global fintech that offers an online investment platform also available as a mobile app, announces the expansion of its interest rate offer by adding RON on top of already available EUR and USD funds. With this decision, XTB becomes the first publicly listed investment company in Romania to offer interest on funds not invested in local currency.
As investors are looking for additional interest-based savings opportunities, XTB has recently decided to extend its offer to those who hold RON funds. Interest is calculated daily and paid monthly directly into clients' accounts. It applies to existing and new clients' non-invested funds, regardless of the total amount in the account.
"The decision to implement interest for uninvested funds in local currency is a further step towards strategically positioning XTB as the leading option for all types of investors, regardless of the strategies they develop. As more than 20% of our clients have accounts in lei, we wanted them to benefit from the context of higher interest rates. This benefit reinforces the list of reasons why clients still undecided about their choice of broker should opt for XTB", said Irina Cristescu, General Manager at XTB Romania.
For existing XTB clients, the current interest rate is 2% per annum for deposits in lei and euro, and 2.5% per annum for dollar deposits. New customers benefit from higher interest rates for 90 days from the date of account opening: 3.5% per year for deposits in lei, 3.8% for deposits in euro and 5% per year for deposits in dollars. Rates are subject to change and will remain valid until further notice.
About XTB
XTB is a global fintech company that provides individual investors with instant access to financial markets from around the world through an innovative online investing platform and the XTB mobile app. Founded in Poland in 2002, we support over 847,000 customers globally in achieving their trading ambitions.
At XTB, we are committed to the ongoing development of the online investing platform enabling our customers to trade 5,900+ instruments including stocks, ETFs, CFDs based on currency pairs, commodities, indices, stocks, ETFs, and cryptocurrencies. With the recent launch of a long-term passive investing product - the Investment Plans, our clients can now unlock the growing potential of ETFs and diversify their portfolios effectively. In the key XTB markets, we're offering interest rates on uninvested funds enabling investors' to put their money to work and benefit even when they aren't actively investing.
Our online platform is a top destination not only for investing but also market analysis and education. We offer an extensive library of educational materials, videos, webinars, and courses to help our customers become better investors irrespective of their trading experience. Our customer service team provides support in 18 languages and is available 24/5 via email, chat or phone.
In over two decades of activity in the financial markets, we have established 12 offices worldwide including Poland, the UK, Germany, Romania, Spain, Czech Republic, Slovakia, Portugal, France, and Chile.
Since 2016, XTB shares have been listed on the Warsaw Stock Exchange. We are regulated by the world’s largest supervisory authorities: Financial Conduct Authority, Polish Financial Supervision Authority, Cyprus Securities & Exchange Commission and Financial Services Commission.