OREANDA-NEWS. July 09, 2010. Customers opening an Interest First deposit account receive a U-Pay Deposit check card, as well as the chance to win an all-expenses-paid trip to Cyprus for two, reported the press-centre of Uniastrum.

Uniastrum’s new ruble time deposit account “Interest First” caters to retail clients looking to set aside Rb 100,000 – Rb 10,000 for between 91 days and 1 year. Deposit rates range from 3.5% to 8%. Once the deposit period has been agreed, customers may not opt for extension, nor can they add to their account or withdraw part of the deposited funds.

Anyone opening an Interest First time deposit account between May 25 and August 31, 2010 has the chance to win a free trip to Cyprus for two by taking part in a prize draw, to be held on the 10th day of the month following that in which the Interest First account is opened. The number of prizes is limited. More details can be found on the Uniastrum website at www.uniastrum.com.

All holders of an Interest First account receive a U-Pay deposit check card with an authorized overdraft of Rb 30,000, or the dollar/euro equivalent. At the client’s request, this limit can be increased to Rb 1 mn.

The U-Pay Deposit card is specially designed for Uniastrum deposit account holders. Among its conspicuous benefits are its customer-friendly interest rates of 17.9% for rubles and 16.9% for dollars and euros, as well as the quick and straightforward application process. Applying for a credit limit of up to Rb 150,000 on a U-Pay Deposit card requires nothing more than evidence of Russian citizenship. There are no card administration fees. Also, once an account is closed, customers can continue to use their card.

“Summer is the time when people tend to take a vacation, and with this in mind we developed Interest First before the start of the holiday season,” explains Oleg Shvetsov, Acting Chairman of Uniastrum’s Management Board. “This new product enables Bank customers to retain and increase their money, make purchases on credit using a bank card, while also offering them a chance to spend a wonderful holiday in Cyprus at the Bank’s expense.”