OREANDA-NEWS. December 05, 2012. Sviaz-Bank launched a seasonal time deposit product, New Year deposit account, reported the press-centre of Sviaz-Bank.

A customer depositing over 300,000 rubles in a New Year deposit account is given a cellphone as a gift.*

The new deposit account may be opened in Russian rubles starting with 5,000 rubles for one year. The deposit time is broken down into four periods. The new deposit pays interest at increasing rates that are fixed for each of the four periods, from 7% in the first deposit period (three months) to 12% per annum in the last deposit period. After six months into the deposit time, the funds on deposit pay an 8% interest to the depositor, and 10% at the end of the nine month-period.

Interest is paid at the end of each period, and it may be capitalized every three months. Under its terms, the deposit time cannot be extended, no funds can be added, and no part of the deposit withdrawn prematurely.

The new deposit offers more advantageous terms than any of the Bank’s standard Reserve line of deposits. Funds are accepted into the New Year deposit from November 1, 2012, to January 31, 2013.

*For more details and deposit terms, visit any of Sviaz-Bank’s backup offices or call its Contact Center at 8800200 23 03 (toll-free, around the clock)