OREANDA-NEWS. December 02, 2010.  The Bank of Moscow has introduced a new seasonal deposit - "New Year 2011". The deposit may be opened between 1 December 2010 and 28 February 2011, in rubles, the minimum deposit being 30 000 rubles. The term of the deposit is 400 days.

The deposit pays 7.42% per annum interest in rubles, which is added to the deposited amount at the end of the term. During the last 90 days of the deposit term (from day 311 to day 400 inclusively), a higher interest rate of 10% per annum accrues.

"By offering a new seasonal deposit on the eve of the winter holidays, we want to remind our clients of how effective a savings instrument term deposits are and the higher interest rate accruing throughout the deposit term will be a pleasant New Year’s gift for our clients", commented Stanislav Stanek, Head of Retail Business of the Bank of the Moscow.

Link: Bank of Moscow deposits –http://www.bm.ru/en/personal/contributions_investments/