OREANDA-NEWS. May 15, 2012. The Bank of Moscow has introduced new term deposits "To my advantage" and "To my convenience".

The deposit terms are any period between 91 and 1095 complete days. Both deposits envisage the possibility of replenishment without any minimum additional contribution, the possibility of withdrawing part of the deposit without loss of interest, monthly capitalization and the opportunity to withdraw the interest at any time. In the event of early termination of the deposit, the Bank maintains 80% of the interest rate provided the deposit has been in place for over 181 days for the "To my advantage" deposit and over 396 days for the "To my convenience" deposit.

The minimum "To my advantage" deposit is RUR 1 000/ USD 30/ EUR 30. The interest rate depends on the term of the deposit and amount to up to 8% per annum in RUR, 5.35% per annum in USD and 5.05% per annum in EUR.

Within the scope of the "To my advantage" deposit, a social package is envisaged for pensioners: a markup of 0.25% to the interest rate in RUR and 0.1% in USD/EUR, and holders of Muscovite Social Cards are not charged any commission for making utility payments under a Unified Payment Document, provided they have an aggregate deposit of 300 thousand RUR (maximum of three payments a month).

An increase in the interest rate on the deposit is provided for on transition to the subsequent sum interval and a change in the interest rate depending on the number of days since the deposit was opened. An opportunity is also provided for a one-time withdrawal of funds without cancellation of the deposit agreement or loss of interest.

The minimum "To my convenience" deposit is RUR 10 000/ USD 300/ EUR 300. The interest rate depends on the deposit term and amounts to up to 6.65% per annum in RUR, 4.6% per annum in USD and 3.8% per annum in EUR.

The "To my convenience" deposit offers an opportunity to perform payment operations down to the level of the permanent balance without restriction on the number of operations or loss of interest.

Additional opportunities offered by deposits:
"Close people" – the possibility of opening a deposit in favour of a third person,
"Money box" – automatic non-cash replenishment,
"Rentier" – accrual of interest on a card,
"Charity" – remittance of part of the interest to a charitable fund.

"We have updated the line of deposits, making it as clear as possible for client", commented Vladimir Verkhoshinsky, Vice-President, Member of the Management Board of the Bank of Moscow. "The service functions of the deposits are expressed in their names, stressing convenience and profit."