Ukrsotsbank Introduces New Type of Deposit - "Classic New"
OREANDA-NEWS. December 13, 2011. Starting from December 1, 2011 PJSC "Ukrsotsbank" introduces a new deposit - "Classic New". Terms of deposit are the following:
Deposit term - 12 months + 1 day;
Currency - hryvnia, dollar, euro;
The minimum amount of deposit – UAH 2 000, USD/EUR 200;
Addition to the deposit - is not allowed;
Interest payment - in the end of the period;
Interest rate - fixed.
Interest rate depends on the deposit currency.
Olga Shostak, Head of wealthy clients department of PJSC "Ukrsotsbank": "Among the advantages of the deposit is that it can be opened for one year, but the client may prematurely terminate this type of deposit having more favorable terms than it was earlier. For each full period - 3, 6, 9 months, the customer will receive a fixed income according to the full interest rate. For example, a customer places funds planning to withdraw them after 3 months. After this period client has changed his decision and decided to wait for another 3 months. As a result, if the deposit is terminated within 6 months after the date of signing the contract, the customer will receive better income than if he places deposit 2 times within 3 months period. This deposit is also convenient as it does not require spending time on transferring. If the client, as the above example shows, has changed his mind about the withdrawal, the deposit continues to work on our client without any additional time spending for transferring, as it could be in situation with a short-term deposits."