OREANDA-NEWS. September 27, 2013. FIRST CZECH-RUSSIAN BANK is offering its clients an updated deposit line for legal entities. The new line was developed in due consideration of the needs of small- and medium-business companies.

The line features maximum interest rates for the minimum amount of commitment (minimum deposit amount: RUB 500,000). We’re also introducing the new “Optimal” deposit account for credit and debit operations and the “Overnight” deposit account, where available funds can be placed for as little as 1 day.

The main changes to our line of deposit accounts are as follows:

Introduction of the new “Standard” deposit account – fixed-term deposit with higher interest rates, making it possible to efficiently utilize available company funds for the purposes of generating additional revenue in the form of high interest accruals. Maximum interest rate on the deposit account – 10.7% in RF rubles (for a term of 272-367 days); 4.5% in foreign currency (for a term of 272-367 days).

Clients have broader opportunities to manage their available funds – the “Optimal” deposit account features the ability to replenish the deposit, make payments, and the right to opt for early termination of the deposit agreement.

The ability to utilize maximum interest rates on deposit accounts under the minimum commitment of funds.

Increased interest rates on client’s minimum account balances. The minimum amount of fund commitment has been reduced to RUB 1,000,000.

The fixed interest rate on the “Overnight” deposit account has been set at 4% per annum. The minimum balance has been reduced to RUB 1,000,000.

Simplified scale for fund deposit – instead of 4-х ranges, we’ve introduced 2-x ranges for each currency: from 500,000 to 59,999,999 rubles and over 60,000,000 rubles, from 15,000 to 1,999,999 US dollars/euro and over 2,000,000 US dollars/euro.

The timeframes for the commitment of funds for the “Classic” and ‘Optimal” deposit accounts have been extended, in view of the needs of our clients. We’ve added the following timeframes: from 2 to 7 days, from 8 to 30 days, and over 1 year.

The acceptance of “Piggy Bank” deposits has been discontinued.