OREANDA-NEWS. July 29, 2010. With its variable rate, the Bank’s new deposit is adjusted in synch with any changes in the money market, guaranteeing a higher return when interest rates rise

Uniastrum’s new floating rate certificate of deposit account Future Perfect can be held in rubles, US dollars, and euros for 2-5 years. The minimum deposit amount is Rb 100,000. Interest rates for ruble-denominated deposits are pegged to the Central Bank’s refinancing rate, while those for foreign currency deposits are tied to the three-month London Interbank Offered Rate (LIBOR). Interest rates are scaled in accordance with deposit amounts and terms. Interest accrues monthly. Even if a customer opts to close the account after six months, he/she is guaranteed the interest earned.

As part of its “Loyal Client” promotion, from July 21 till October 21, 2010 Uniastrum is increasing interest rates for its Future Perfect, Access, Big Interest, and Savings deposits accounts. In line with the special offer, customers who already hold a time deposit or funds on a checking or demand account which have accrued following the lapsing of a time deposit account agreement receive an extra 0.5% on the effective rate. For further details, click on http://www.uniastrum.ru/press/announces/3592/

Anyone opening a time deposit account at Uniastrum immediately receives a debit card or a payment card with authorized overdraft of up to Rb 30,000 (or the dollar/euro equivalent) under the Bank’s U-Pay Deposit program.

“Uniastrum now offers retail clients a brand new array of deposit options, which have been specially designed to cater to diverse needs and lifestyles,” says Vaagn Nshanyan, Deputy Director of the Bank’s Retail Products Department. “Our deposit schemes not only provide customers with a safe and convenient way to store and increase their money, but also feature a wide range of extra features and benefits.”