Alpha Flexibility Plus

Reliability and returns with flexibility

Alpha Flexibility Plus is the new 12-month term deposit account, specially designed to assist Funds and Organisations manage their cash flows and liquidity.

The product is offered to Organisations that are customers of the Wealth and Institutional Division, such as:

Public and Semi-governmental Organisations
Provident / Pension Funds
District Local Government Organisations / Municipalities / Boards
Institution and Foundations
Trade Unions

It is a 12-month term deposit product with a minimum and a maximum deposit amount as follows:

The minimum deposit amount is set by the customer when opening the term deposit and is the minimum acceptable balance throughout its duration
The maximum deposit amount is, by default, twice the minimum amount.

Τhe product provides the option to credit or debit any amount throughout the duration of the term deposit, provided the balance remains between the minimum and maximum amounts.

Features
Terms & Conditions

Duration	12 months
Currency	EURO
Beneficiaries	Organisations - Customers of the Wealth and Institutional Division
Minimun deposit amount	From €300,000 to €1,000,000
Maximun deposit amount	From €600,000 to €2,000,000
Pricing Policy	Your Relationship Officer can provide you with information on the applicable interest rate
Automatic Renewal	No option for automatic renewal upon expiry of the term deposit
Capital Returns	Upon expiry of the term deposit, the capital and accrued interest are credited to the term deposit’s designated settlement account
Product Withdrawal	The Bank reserves the right to withdraw the product at any time

The Alpha Flexibility Plus term deposit can be managed directly by the customer through the Alpha 360 Service, which allows funds to be credited and debited using the “Add” and “Withdrawal” options. It should be noted that whenever requests are processed through the Alpha 360 Service, automated checks are carried out to ensure that the term deposit balance remains between the minimum and maximum amounts.
The term deposit account does not accept transactions other than debits and credits, as set out above, to and from the source account.

The balance is checked systemically whenever credits and debits are processed by the computerised system. More specifically, the following are not allowed:
- Crediting an amount that will result in the term deposit balance exceeding the maximum balance.
- Debiting an amount that will result in the term deposit balance falling below the minimum deposit amount.
- Any transaction other than the specific transaction of debiting and crediting funds from the source account.
The annual interest rate remains fixed throughout the duration of the term deposit and interest is calculated daily on the daily balance of the term deposit.

Alpha Flexibility Plus

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