OREANDA-NEWS    Since November 18, the Savings Bank has increased the rates on deposits in yuan. For the deposit "New opportunities" the maximum rate reached one and a half percent per annum, for the "Deposit in yuan" — 1.05 percent per annum. Earlier — 0.2 and 0.55 percent per annum, respectively. Other deposit parameters have not changed.

"We have not only significantly increased the rates, but also offer customers a favorable conversion rate of rubles and dollars into yuan, which increases the total return on deposits. I think now is the right time to diversify savings and transfer some of them to the Chinese yuan. The maximum rates are provided for customers who will make a deposit for three years," said Sergey Shirokov, Director of the Borrow and Save division of Sberbank.

The "New Opportunities" deposit opens with a conversion of US dollars. The client needs to have deposits, accounts or bank cards in US dollars in the bank for a total amount of five thousand at the end of the day on October 13. The deposit period is three, six, 12, 24 and 36 months. Interest is accrued monthly. The minimum deposit amount is seven thousand yuan, the maximum is unlimited. This deposit is also available in rubles.

"Contribution in yuan" opens on 1, 2, 3, 6, 12, 24 or 36 months. The minimum deposit amount is ten thousand yuan, the maximum is unlimited.

Money is converted from dollars or rubles to yuan automatically — at the exchange rate on the date of opening the deposit. You can make both deposits at Sberbank Online and at the bank's offices.