OREANDA-NEWS. November 30, 2012. The Bank of Moscow has announced that as of 27 November 2012 interest rates on fixed-term RUR deposits will be increased by an average of 1.25 pp.

The maximum performance of holdings has grown up to 9.18%. The deposit conditions for pension age depositors have been improved. The maximum performance of holdings for pensioners has grown by an average of 0.65%.

This is the second change of deposit conditions for individuals within the current month. Yesterday the Bank informed the market of a new special "Annual Bonus" deposit which was characterised by a higher interest rate, i.e. 10,5% annually within the first 100 days of allocation.

"The Bank of Moscow is traditionally rated amongst the top 5 major Russian banks in terms of the amounts of attracted population funds," commented Natalya Konovalova, Vice President and Director of the Retail Product Department of the Bank of Moscow. "The Bank is represented all across the country and over 9 million Russians have already made their choice in favour of the Bank of Moscow".