OREANDA-NEWS. On June 23, 2009 Sviaz-Bank has launched a new line of time deposits for individuals, in particular, the Sberegatelny rezerv (Savings Reserve), Popolnyaemy rezerv (Add-On Reserve), Upravlyaemy rezerv (Controlled Reserve), VIP rezerv (VIP Reserve), and 13-ya Pensiya (Pension 13), reported the press-centre of Sviaz-Bank.

“The new deposit accounts are built around the idea of allowing depositors to have a reliable personal reserve of funds on terms beneficial to customers earning different incomes and having different needs,” said Irina Busheva, Vice Chair of Sviaz-Bank’s Management Board.

The Sberegatelny rezerv account can be opened in rubles, U.S. dollars, and euro for periods of one month to one year. The minimum funds accepted on deposit are 5,000 rubles or US200 or euro. Interest rates vary from 7% to 13.5% per annum for ruble deposits, and from 3.5% to 6.7% per annum for deposits in U.S. dollars and euro.

The Popolnyaemy rezerv account, which offers quarterly interest capitalization, can be increased by more deposits added to the account at a growing interest rate in rubles, U.S. dollars, and euro for periods between three months and one year. Depending on the principal amount and deposit time, the interest rate varies from 10.4% to 13% per annum in rubles, and from 4.2% to 6.1% per annum in U.S. dollars and euro.

Deposits in the Upravlyaemy rezerv account are accepted in rubles, U.S. dollars, and euro for periods of three months to two years at an interest rate of up to 12.2% for ruble deposits or up to 6.2% for accounts denominated in U.S. dollars and euro. The minimum deposit accepted is 15,000 rubles or US500 or euro.

The Upravlyaemy rezerv account offers depositors an opportunity to increase their deposits or withdraw funds from their accounts without forfeiting any interest accrued, subject to a specified balance that cannot be withdrawn. Interest accrues on the account balance and is capitalized every month.

Sviaz-Bank’s affluent customers can keep their funds in the VIP rezerv account that combines the advantages of the above-listed deposits and a floating interest rate that is pegged to the actual balance in the account. Deposits are accepted for periods of three months to two years, starting with a minimum amount of 3 million rubles or US 100,000 or euro. The interest rate is up to 12.9% in rubles and up to 6.9% in U.S. dollars and euro.

The 13-ya Pensiya account is opened by depositing a small amount above 1,000 rubles. The deposit can be increased and carries a high interest rate of 11% to 13.8%. The account is opened in rubles, and interest accrued is capitalized every quarter.