OREANDA-NEWS. December 04, 2012. Sviaz-Bank has raised interest rates payable on individuals’ deposits, in particular, 13-ya Pensiya (13th Pension), VIP-Rezerv (VIP Reserve), Upravlyaemy Plyus (Managed Plus), and Sberegatel’ny Plyus (Savings Plus) deposits. On average, interest rates on these deposits have gone up by almost 0.5 percentage point, reported the press-centre of Sviaz-Bank.

From now on, the maximum capitalized interest payable on the 13th Pension deposit, one of the most popular products with depositors, will be 10.92% per annum. A deposit with social underpinnings, customers can place funds in it, starting with 1,000 rubles, for a time beginning with three months for a maximum of three years. This product has been developed for people collecting old-age and long service pensions to protect their savings from inflation. The deposit can be increased to make the income still bigger upon expiry of the deposit time.

The Savings Plus deposit placed for a year will pay interest at a rate of up to 10% per annum. The Managed Plus and VIP Reserve deposits give the depositors freedom of action with funds above the irreducible balance and pay capitalized interest at a rate of up to 8.52% and up to 8.99%, respectively.

Sometime previously, Sviaz-Bank rolled out two new annual deposit products paying a growing interest rate of up to 12%. The Rastushchy Rezerv (Growing Reserve) deposit can be withdrawn three months after account opening, without loss of interest. The Bank gives New Year prizes and cellphones to customers depositing funds in Novogodny (New Year) deposit accounts.

Sviaz-Bank’s line of deposit options is very broad today and includes products to meet any demands. Customers who want to manage funds deposited in different currencies are offered the Mul’ti-Rezerv (Multi-Reserve) deposit option that allows depositors to convert their funds between six most popular currencies – the ruble, dollar, euro, pound sterling, Swiss franc, and Chinese yuan. Also, nameless metal accounts in gold, silver, and platinum offer customers an opportunity to invest in metals and avail themselves of market growth rates to derive maximum income.