OREANDA-NEWS. July 16, 2010. Money can be deposited in a Pension Plus ruble account for either 181 days or 1 year. The minimum deposit amount is Rb 5,000. Interest is accrued monthly and ranges from 5% - 6.5%, depending on how much is placed in the account and on the deposit period. The account may be added to or topped up by electronic transfer from pension funds at any time. Partial withdrawals may be made once a month, and the deposit period may be extended on request. Veterans of the Great Patriotic War enjoy an extra 1% APR the moment they open an account. 

Retail customers opening a U-Pay Deposit time account at Uniastrum Bank receive a check card or a debit card with an authorized overdraft of Rb 30,000 (or the dollar/euro equivalent). At the customer’s request the card credit limit can be increased to Rb 1 mn. Conspicuous benefits of U-Pay Deposit cards include market-beating interest rates of 17.9% for rubles and 16.9% for dollars/euros, no administration fees, and quick, no-fuss application procedures. Also, customers who decide to close their deposit accounts are still able to use their debit cards with authorized overdraft.

“Uniastrum has come up with a new range of deposit accounts, specially designed to suit a wide diversity of clients,” says Vaagn Nshanyan, Deputy Director of the Bank’s Retail Products Department. “Uniastrum has always placed particular emphasis on caring for pensioners, offering them banking products and services on easy terms.”