CyprusLiving

On the first maturity of fixed term deposits, the higher between €5,000 or 10% of the total capital, shall be transferred, in the choice of the depositor, to a sight/current account or deposited in a new fixed term deposit of the depositor in the same credit institution. For the remaining amount, the maturity shall be extended for 1 month.
From Famagusta Gazette

Apologies if I'm being a bit thick but does this mean if you have a 90 day account for say €50,000 you can transfer €5,000 to your current account after 90 days but must wait another month to move the remaining €45,000 & then it still has to stay in the same bank.

There is not much clarity on this but yes, essentially I believe you are reading this correctly. On maturity you can move the greater of €5,000 or 10% into a current account or another term deposit at the same bank; the balance is then rolled on in the existing deposit for another month. What is unclear is what happens after the month. Some have inferred that the same process will occur - you have access to another €5,000 or 10% to move into the current a/c or another deposit... and so on.
I believe this hasn't been clarified as the initial expectation was for the restrictions to only last a week... we shall see what further decrees come out in the next couple of days.

All the best

We have a 90 day account, with a little savings in it. When the banks reopened I asked at our bank if I could still transfer from the 90 day account to the Sight account. I was told NO I had to give 90 days notice to get any money out of the account, which I did.

However I now find that rules must have been relaxed as I CAN transfer online from the 90 day to the sight account.

I can only transfer €300 a day but we will soon have all the savings in the cheque account and of course we can then use it as needed.

Trev..