OREANDA-NEWS. December 08, 2010. The Bank of Moscow has updated its range of deposits for individual depositors. Two new deposits, "Prestige Plus" and "Classic Plus", have taken the place of the "Prestige", "Classic", "Next", "Maximum" and "Multicurrency" deposits.

The new deposits are distinguished by maximally flexible terms for depositing funds and offer considerable freedom of choice for the depositor.

The "Classic Plus" deposit is opened for a term of from 91 to 1095 days and offers different interest accrual systems – either when the deposit matures or monthly, with the interest remitted to a card account.

The "Prestige Plus" deposit is opened for 181 days, 366 days or 551 days and offers the following terms – interest accrues on maturity and payments are permitted from the excess above the minimum balance.

"We have updated our range of term deposits, unified their terms, making them easily understandable and simple, and, the main thing, offer depositors freedom to choose their preferred deposit servicing system", commented Stanislav Stanek, Head of the Bank of Moscow Retail Business Unit. "Today’s financial services market for individuals is quite extensive, but term deposits remain the most conservative and convenient, since they provide our clients with confidence in the morrow".