OREANDA-NEWS. November 17, 2010. Sviaz-Bank raises its interest rates on time deposits in foreign currencies (U.S. dollars and Euro), reported the press-centre of Sviaz-Bank.

The biggest changes will be made in interest on the Managed Reserve and VIP Reserve deposits. The maximum interest rate is to rise to 4.3% for the Managed Reserve deposit, and to 4.5% for the VIP Reserve deposit.

The maximum interest payable on the Savings Reserve and Add-On Reserve deposits is to grow to 4.8% and 4.5% per annum, respectively.

The Bank’s line of deposit products in foreign currency consists of the Sberegatel’ny rezerv (Savings Reserve), Popolnyaemy rezerv (Add-On Reserve), Upravlyaemy Rezerv (Managed Reserve), and VIP rezerv (VIP Reserve) deposits.

A Savings Reserve deposit account can be opened for a term of one month to one year. The minimum amount of this deposit is 200 U.S. dollars/Euros.

Add-On Reserve deposits, with interest capitalization every quarter, possibility of additions to be made, and rising interest rate, are accepted for terms of three months to one year. The minimum amount of this deposit is 300 U.S. dollars/Euros.

Managed Reserve deposits are accepted for terms of three months to two years. The minimum amount of this deposit is 500 U.S. dollars/Euros.

A VIP Reserve deposit is accepted for a term of three months to two years, and the minimum amount of this deposit is 100,000 U.S. dollars/Euros.