Sviaz-Bank Launches New Year Eve Option on Savings Reserve
OREANDA-NEWS. December 21, 2011. A member of the Vnesheconombank Group, Sviaz-Bank has launched a special new year eve option on the Sberegatel’ny Rezerv (Savings Reserve) and Trinadtsataya Pensiya (13th Pension) time deposits in rubles that pays interest at higher rates, reported the press-centre of Sviaz-Bank.
The maximum interest rate now payable on a Savings Reserve deposit placed for a period of 367days will be 10.5% per annum, or 1.5 percentage points higher than the previous interest rate. Interest will be paid at the end of deposit period. No additions to, or fractional withdrawals from, the deposits are allowed.
A 13th Pension deposit left with the Bank for a similar period will yield an interest of up to 10% per annum. With capitalization counted in, the interest rate will rise to 10.38%. The interest rate can rise, so that pensioners can place over 1,000 rubles on deposit and increase it to more than 100,000 rubles to collect the maximum possible interest at the end of the deposit period.
“As we are getting ready to see in a New Year, we’ve thought up to give our depositors a gift of higher interest rate on Sviaz-Bank’s most popular deposit products in the greatest demand,” said Maria Zenina, Director of the Bank’s Retail Banking Products Department. “We hope that the savings they can make will help our depositors dream up new plans and see their dreams coming true.”
The Bank accepts deposits at higher interest rates until January 31, 2012.