OREANDA-NEWS. February 13, 2012. Sviaz-Bank has raised interest rates on the Upravlyaemy rezerv (Managed Reserve) and VIPrezerv (VIP Reserve) deposits.

The maximum interest rate payable on the Managed Reserve deposit with an account balance of at least 700,000 rubles will now be 7.9% per annum in rubles, or 8.19% including capitalization. The interest rate on this deposit has, therefore, increased by 0.9%.

The VIP Reserve deposit account opened for a term of 367 days will now be paying the Bank’s affluent customers interest at a rate of 8.0% to 8.2% per annum, or 8.52% including capitalization. The interest rate payable on this deposit variety has grown by an average 0.5percentage points.

Over the year 2011, balances in the personal accounts of Sviaz-Bank’s customers rose by 31.6% to 16.7 billion rubles.

“The marked growth in funds accepted from individuals is evidence of the appeal of Sviaz-Bank’s deposit products owing to their flexible terms and competitive interest rates, and also of the confidence the Bank really deserves,” said Maria Zenina, Director of Sviaz-Bank’s Retail Banking Products Department.