OREANDA-NEWS. The Bank of Moscow has updated the deposit line for individuals. Three new term deposits, i.e. "Maximum Income", "Maximum Growth" and "Maximum Comfort" have come to replace the old products called "My Benefit" and "My Convenience".

The new deposits are distinguished by flexible condition of placing funds and offer a freedom of choice for a depositor.

The key advantage of the new deposit line is free access to the funds thanks to an opportunity to partially withdraw interest, higher profitability thanks to monthly payments of interest that can be capitalized, preferential conditions of terminating the agreement allowing to retain interest in the amount of 0.6 percent of the agreed rate.

All the new deposits can be opened in Russian roubles, US dollars and Euro with a possibility to choose the term of deposit ranging from 91 to 1095 days which will enable the depositor to efficiently plan and manage the funds. The minimum amount for all the deposits is from 1000 RUR, USD 100 and €100.

The "Maximum Income" deposit is good for those who are interested in a highest interest rate. Interest is accrued on a monthly basis and is accessible at any time.

The "Maximum Growth" deposit is a beneficial instrument for saving and can be replenished with no limits with regard to amounts and terms. The interest rate grows as the deposit is replenished. And the client is entitled to withdraw funds from the deposit once in an extraordinary situation without losing interest.

The "Maximum Comfort" deposit is a convenient tool to manage one’s funds. The depositor may both replenish and withdraw without losing interest provided the permanent balance is there.

Special interest rates are provided if one of the new deposits is opened by a pensioner or through the web-banking system or via an ATM terminal.

"We have updated the deposit line harmonising and simplifying the conditions that are now clearly understandable and, what’s more important, give the depositor the freedom of choice to select the preferable deposit depending on the depositor’s goal and saving strategy", commented Natalia Konovalova, Vice President and Director of the Retail Product Department of the Bank of Moscow.