OREANDA-NEWS. December 4, 2008. The Bank of Moscow has announced an increase in the interest rates paid on the Prestige deposit for individual customers. The maximum interest rate on a Prestige deposit in roubles for up to 550 days is now 12.5%. The sum intervals have also been made more flexible.

The other conditions of the deposit remain unchanged and offer an opportunity to make additional contributions and perform payment operations up to the sum of the minimum balance without loss of interest.

"The Bank of Moscow constantly maintains the competitiveness of the interest rates on its deposits", notes Alla Tsytovich, Managing Director of the Bank of Moscow Retail Business Unit. "Under today’s conditions, the general trend is for clients to save more rather than spend. To create a "financial safety net" for themselves, clients can deposit their money with the Bank of Moscow on very beneficial terms."