OREANDA-NEWS. Beginning on February 18, 2008, Bank Electronika is offering VIP clients higher interest rates on term deposit accounts 11-Karat and 12-Karat. Depositing money in these accounts is now even more advantageous.

Both accounts accommodate deposits in rubles, dollars, or euros for terms of 31 days to 732 days. Both have automatic prolongation. Minimum sums for initial deposit to these accounts are five million rubles, 150,000 dollars, or 150,000 euros.

The accounts offer high interest: The 11-Karat accounts pay maximum annualized interest of 12.5 percent on ruble-denominated accounts, 10 percent on dollar-denominated accounts, and 9.5 percent on euro-denominated accounts. Rates depend on the sum of deposit and its term to maturity. By placing money in a 12-Karat account, the depositor can earn up to 13.5 percent annualized on ruble-denominated accounts, 11 percent annualized on dollar-denominated accounts, and 10.5 percent annualized on euro-denominated accounts.

In the event of early termination of the 11-Karat deposits, a special interest-rate scale, safeguarding the resources of the client, becomes effective. The Bank will make interest payments on the 12-Karat accounts at the conclusion of their terms.

Each depositor will have the right to receive a Visa Gold international payment card with free servicing. Cards are provided under terms of agreement that must be observed for use of the payment card.