OREANDA-NEWS. October 3, 2011. Universal Bank offers a new deposit product called “Get More” for clients seeking to increase their monthly income.

The deposit can be opened in UAH, USD and EUR. A minimum deposit amount is UAH 5,000, USD 1,000 or EUR 1,000. The deposit period is six months. The interest rate on the UAH deposit increases up to 15% at the maturity date. The interest rate on USD and EUR deposits increases up to 8.5% and 7.5% respectively at the maturity date.

Among many benefits of the new product is possibility to capitalize the interest by adding it to the principal balance. Partial or full withdrawal of the deposit account ahead of the maturity date is also possible.

“When developing new and improving existing products, we are guided by one but very important principle - to create real opportunities for each of our clients to benefit from using them. That is why we believe that the demand for the “Get More” deposit will be high”, said Panagiotis Sarantopoulos, Director of Deposit Department at Universal Bank.

*Interest rate on “Get More” deposit in UAH increases on a monthly basis and reaches 15% per annum on the 6th month since its opening. The terms of the deposit are only applicable to new customers of Universal Bank and existing customers who place deposit for the first time or open new deposit without closing the existing one. The terms are not applicable to transferring money from current or saving account.