OREANDA-NEWS. February 02, 2009. Last December, VAB Bank updated its product line with a test launch of a new type of private individual current account called Unlimited; the new service is now available at all Bank’s departments, reported the press-centre of VAB Bank.

Anton Shaperenkov, head of VAB Bank’s retail business department, believes the major advantage of the new Unlimited product is yield magnitude similar to that offered on term deposits. “Clients who trust their cash to banks today wish not only to be assured that their investment will be securely placed but also to have continuous access to their accounts. 

This new product responds to this expectation of our clients.  Besides, no restrictions regarding early withdrawal apply to this type of current account,” Anton Shaperenkov says.  By opening an Unlimited account clients get effective yield of up to 16.36% in hrivnias, up to 9.66% in US dollars, and up to 8.6% in Euros.  Interest applies to the account minimum balance for a calendar month.