OREANDA-NEWS. September 21, 2009. The Bank of Moscow has announced the introduction of a new deposit called "Vostorg". The deposit can be opened between 17 September and 5 December 2009 for 400 days in RUR or USD. Top-up contributions to the deposit are not envisaged.

The minimum initial deposit is RUR30 000 or USD1000.

Differentiated interest is to be paid on the deposit. During the main term of the deposit, 12.55% per annum will be paid on RUR nominated deposits and 5.1% per cent on USD. During the final period, equal to the 90 days preceding expiry of the deposit term (from the 311th to the 400th day inclusively), higher interest will accrue — 15% per annum on rouble and 6% per annum on US dollar deposits.

"By offering our client a new 400-day deposit, we are not only guaranteeing a high yield on a deposit in one of the country’s biggest banks, but also giving a pleasant bonus to depositors in the form of a gift certificate in gratitude for their trust and co-operation", commented Andrey Lapko, Vice-President of the Bank of Moscow.