OREANDA-NEWS. May 8, 2009. The Bank of Moscow is offering its clients a new term deposit entitled "Classic". The deposit is placed for a period of from 91 to 1,095 days. The deposit conditions do not allow for replenishments or withdrawals during the term.

The deposit is accepted in RUR, USD and EUR. The minimum sum of the deposit is RUR10,000, USD300 or EUR300. The interest rate depends on the term and the sum of the deposit:
In RUR: from 8.25% to 15% per annum;
In USD: from 4.3% to 6.8% per annum;
In EUR: from 4.7% to 7.2% per annum.

The interest is paid out at the end of the term.

"By introducing the new type of deposit, we are offering clients a simple and effective way of saving and increasing their money", notes Alla Tsytovich, Managing Director of the Retail Business Unit of the Bank of Moscow. "This is a term deposit, allowing clients to deposit their funds for a term convenient to them and at a high interest rate."

The Bank of Moscow’s line of deposits is orientated on different requirements of clients and provides an opportunity to deposit savings on flexible terms. The terms of the deposits envisage the possibility of top-ups, performing payment operations during the terms of the deposit while retaining the interest rate, and gratuitous issue of bank cards.