OREANDA-NEWS. November 07, 2011.Universal Bank launches a new product called “Smart Deposit” that offers high returns on money and flexibility in terms of its allocation.

The deposit can be opened in UAH, USD and EUR for a period of three months. The interest rate increases every month and reaches 18.00% in UAH, 9.00% in USD and 8.00% in Euro at the maturity date. The minimum deposit amount is UAH 5,000, USD 1,000 or EUR 1,000 while the maximum amount that can be placed is unlimited.

Interest rate on “Smart Deposit” account is paid on a monthly basis with the possibility to capitalize the interest by adding it to the principal balance. Should a premature withdrawal of the partial or full deposit amount be required, the Bank pays to a client an interest accrued on each calendar month from the date of the deposit placement, which is one of the key benefits that the new product offers to clients.

“Smart Deposit” is another opportunity for our clients to increase monthly savings. We understand that each client tends to have more stability in life and as such we have launched the new product that ensures stable income and security”, said Panagiotis Sarantopoulos, Head of Deposit Department at Universal Bank.