OREANDA-NEWS. February 14, 2011. Bank Standard introduced a new deposit "Loyalty" product for companies and organizations as a new instrument to stimulate their staff. This deposit is designed for corporate customers and was prepared for awarding the company’s staffs. This deposit has long-term stimulating influence, reported the press-centre of Bank Standard.

The company willing to use this product will sign a cooperation contract with Bank Standard. Under the contract, the company submits the list of staffs to the bank orders to open deposit account for them. Afterwards, the company adds means in it, regularly. These accounts are opened for 1, 2 and 3 years depending of company’s wish.  The interest rate is increasing each subsequent year of validity and is automatically added to the salary every month.

Notably, the down payment is required 10% of monthly salary. The limit is extended to all subsequent monthly fees. Means to open and deposit accounts are transferred from the incentive funds of the companies. All deposit accounts will be managed only by the company until the end of deposit contract. Staff members will be able to get money from account including collected interest rates on the day of end of the deposit contract.