OREANDA-NEWS. January 04, 2010. FUIB (First Ukrainian International Bank) represents the new deposit for the Bank young clients and their parents — ‘To Grow Into’.

‘The ‘To Grow Into’ new FUIB deposit product is a pure kids deposit, providing the parents with a wide range of possibilities, for instance, to accumulate in advance money for the kid’s decent education, give the kid a chance to realise his/her talents, or simply purchase some pleasant gifts for the kid. The main advantage of the FUIB newly implemented deposit – in addition to high deposit rate, deposit roll-over option, and possibility to manage one’s deposit on line by means of the ‘FUIB Online’ free of charge service – is the possibility to extend the deposit amount or withdraw some share of the deposited funds,’ Valeriy Patsuy, Head of the FUIB Retail Business Division, comments on the advantages of the Bank new deposit programme.

On can arrange the ‘To Grow Into’ deposit for 367 days with the possibility of its further prolongation for another 367 days. The minimum deposit amount makes up UAH 500, USD 75, or EUR 50; the deposit rates make up 22.25% in UAH, 13.75% in USD, and 11.50% in EUR.

‘Moreover, the Bank clients, having arranged the ‘To Grow Into’ deposit, will receive MasterCard payment card for free: i.e. neither card issuance fee, nor card annual service fee will be charged; the Bank clients will be able to use up to 30% of the placed funds without loss of the accrued interest,’ Mr. Patsuy adds.

FUIB is a permanent member of the Individual Deposit Guarantee Fund.