OREANDA-NEWS. November 10, 2011. PRAVEX-BANK implemented the new product "Free money" that will combine deposit and card account in itself. Due to the product Clients have the possibility to replenish and withdraw funds from account without restrictions and at the same time multiplying them, reported the press-centre of PRAVEX-BANK.

Interest rate for funds balance on card account makes up 9% p.a. in UAH and the minimal amount to which interest is accrued makes up only UAH 500. In case one withdraws funds in PRAVEX-BANK ATM network or in trade and servicing network no commission is charged. Also there is no payment for card account replenishment via PRAVEX-BANK branch. The card is drawn up free of charge in any Bank's branch if there is a passport and ID. Additional advantage of the product is the fact that simultaneously when multiplying funds Client has all advantages of card products, namely — safety, reliability, possibility to use funds at any time as well as the possibility to make transfers from card to card via PRAVEX-BANK ATMs.

 "Under present market conditions some Clients prefer keeping funds on current accounts or at home as they do not know when exactly they will need the funds and Clients don't want to depend upon term deposits. Our new product "Free money" aim is to satisfy the needs of those very clients. PRAVEX-BANK, Bank of Intesa Sanpaolo International Banking Group, is one of few large banks that has the possibility to offer such conditions on funds placement for people and to ensure proper guarantees on their safekeeping", - Taras Kyrychenko, Head of Retail Division of PRAVEX-BANK, provided his comment.