OREANDA-NEWS. August 01, 2008. Corporate clients of SB Bank may now enjoy the advantages of their cleared funds placement with the bank, convenient and beneficial way of funds management. Two new bank products are available for legal entities from July 15, 2008, reported the press-centre of SB Bank:

Deposit with a pre-term withdrawal option, withdrawn are the principal amount with the accrued interest calculated upon the actual deposit duration. The deposit is open for funds placement in RUR, USD and EUR for the period of 1 month up to 3 years. Minimal deposit amount is 1m RUR, 30'000 USD or EUR;

Alternatively, the client has the option to enter into an additional agreement providing for the irreducible balance on the settlement account. The interest rates on this product are equal to the rates applicable to the deposit with a pre-term withdrawal option.