OREANDA-NEWS. August 25, 2010. The Bank has launched its new-look line-up of time deposits for legal entities and sole proprietors: the “Classic”, “Fixed”, “Top-Up”, and “Call” accounts, reported the press-centre of Uniastrum Bank.

The main benefit of Uniastrum’s “Top-Up” deposit is that it allows the holder to add more funds, starting from the day after an account is opened. The deposited amount can be in rubles, dollars, or euros, and remain on account for 91 days to 1 year. Interest rates depend on the deposit amount and period: for ruble accounts 4.5% - 6.75%, dollars 2% – 3.35%, euros 2.25% - 3.25%. The minimum deposit is Rb 300,000, USD10,000 or EUR10,000, while the maximum is Rb 100 mn, USD 3 mn or EUR 3 mn.

With a “Call” time deposits, customers can retain the accrued interest even in the event of early withdrawal. Under a “Call” account agreement, the deposited funds are placed on account for a period of up to 361 days, which is divided into 4 equal interest periods. Should a customer opt to withdraw his or her funds prematurely, interest is paid at the rate applicable in the current interest period. Interest rates depend on the deposit amount and period: for ruble accounts 3% - 7.65%, dollars 1.75% - 4%, euros 0.75% - 3.5%. The minimum deposit is Rb 1 mn, USD100,000 or EUR 100,000.

A Uniastrum “Classic” account enables the holder to deposit rubles, dollars or euros at interest for between 31 days and a year, with the option of partial withdrawal down to the minimum balance. The minimum deposit is 10,000 rubles, dollars or euros. Interest rates depend on the deposit amount and period: for ruble accounts 1% - 7.8%, dollars 0.4% - 4.2%, euros 0.3% - 3.75%. The minimum balance is equal to the minimum deposit.

A ruble-denominated “Fixed” deposit account can be held in rubles for 31 days to a year, or in dollars or euros for between 61 days and a year with the option of rolling over the account at the end of the term for the same amount of time with conditions applicable at the time of renewal. The minimum deposit is 10,000 rubles, dollars or euros. Interest rates depend on the deposit amount and period: for ruble accounts 2% - 8%, dollars 2.15% - 4.5%, euros 1.45% - 4%.

“Placing temporary idle funds in a bank deposit account carries no risk and is a practical way of earning extra income,” says Farid Nasibullin, Director of Uniastrum’s Corporate Sales Support Department. “Uniastrum’s latest deposit products for legal entities and sole proprietors have been specially designed for a diverse range of clients, enabling them to choose the most suitable means of retaining and augmenting their assets in accordance with their business needs.”