OREANDA-NEWS. April 17, 2008. The Bank of Moscow made public to introduce A New Generation deposit. Any customer is invited to open a deposit for a child aged 14 or younger. Money can be placed on deposit for three years at a rate of 9.5% of annual income, the minimum amount is 30 thousand rubles, and such a deposit can be replenished (the minimum amount of additional deposition is 10 thousand rubles).

A New Generation deposit may be opened by any parent or foster parent in favor of the child. The document sufficient to open the deposit can be a birth certificate of a child. The deposit can be opened right after the birth of a child, and for a period until he/she reached the age 14 years.

“It is important for us to regularly offer new interesting solutions to our clients, - said Irina Nikitenko, a Vice President of the Bank of Moscow, - this deposit combines an attractive rate with the low initial deposition and is a targeted deposit aimed at providing a possibility to make a capital for the future of customer’s children.

If a customer decided to prolong the deposit for a new term, such a customer shall be paid a RUR 1000 bonus. “ It is worthy to mention that this amount will remain with the client even if the agreement is terminated afterwards”, Irina Nikitenko said.