Sviaz-Bank Renews Its Seasonal Option on Savings Reserve Deposit
OREANDA-NEWS. February 13, 2012. Sviaz-Bank has renewed its seasonal option on the Sberegatel’ny rezerv (Savings Reserve) deposits of over 700,000rubles for a period of 367 days at a high interest rate of 10.5% per annum, provided that a deposit is left with the Bank until March 31, 2012.
Interest is paid on the deposit at the end of the deposit term. The deposit term can be extended and interest capitalized.
“This is a favor we are doing to our customers who are getting ready to celebrate two more national holidays, February 23, which is the Armed Forces Day, and March 8, the International Women’s Day – the high interest rate payable on the Savings Reserve, one of the most popular choices in our deposit line, will remain in effect till late March,” said Maria Zenina, Director of Sviaz-Bank’s Retail Banking Products Department.