OREANDA-NEWS. April 08, 2011. From now on customers can open a Big Interest time deposit not only in rubles, but also in US dollars or euros, and the minimum deposit has been halved, reported the press-centre of Uniastrum Bank.

Uniastrum’s Big Interest account is an ideal, no-frills option for people looking to deposit funds for one year. A big plus is that that holders are guaranteed a return even if they decide to close their account early, in which case interest is calculated for the actual deposit period. Ruble-denominated deposits earn up to 10 % APR, while those in hard currency offer a return of up to 5.5%. For more details and to apply to open a Big Interest account online, visit http://www.uniastrum.ru/personal/savings/deposits/big/.

Anyone opening a Uniastrum time deposit automatically receives a payment card or a card with an overdraft facility of Rb 30,000 (or the dollar/euro equivalent) as part of the Bank’s U-Pay Deposit program. Should the customer so wish, his/her spending limit can be increased. Specially designed for Uniastrum deposit holders, the U-Pay Deposit card has a number of conspicuous benefits, including competitive interest rates, as well as quick and straightforward application procedures. Also, once an account is closed, customers can continue to use their card. Crucially, there are no card administration fees.

“A key strategic objective of Uniastrum’s retail operations is to build and sustain quality relationships with its clientele,” says Vasily Kuznetsov, in charge of the Bank’s retail business. “By expanding the number of available options on our time deposit range and providing practical package solutions, we are endeavoring to create the best possible conditions for customers looking to earn a healthy return on their deposited funds.”