OREANDA-NEWS. August 07, 2012. Sviaz-Bank has launched a new product for its corporate customers as part of its cash handling and settlement service – paying interest on average monthly balances in rubles and foreign exchange in the customers’ accounts, reported the press-centre of Sviaz-Bank.

This product, therefore, gives customers a monthly extra income for business purposes depending on the size of funds deposited in their accounts.

The interest rate depends on the amount of the average monthly balance – the bigger the balance the higher the interest paid.

For interest to be paid, the minimum average monthly balance in the account is to be either 1 million or 5 million rubles, or USD 100,000 or 100,000 euros.

Interest is paid every month to the customer’s settlement account within five business days of the month following the interest payment period.