OREANDA-NEWS. January 13, 2014. Sviaz-Bank raises interest rates payable on time bank deposits in Russian rubles, U.S.dollars, and euros opened with the Megapay Internet Banking System.

The increase will apply to Savings Plus, Savings Reserve, Add-On Reserve, Managed Plus, Managed Reserve, Classic Collection, Elite Collection, and Deluxe Collection deposits.

Interest rates payable on these deposits will be raised by an average 0.4 p.p.

From now on, a customer placing a deposit with Sviaz-Bank through the Internet Bank will obtain a return of up to 9.5% per annum in rubles and up to 4% in U.S. dollars and euros.

To open a deposit account through Megapay, a customer has to visit the nearest Bank office to make an option agreement with the Bank. No more visits will then be required, and the customer will be free to open any number of accounts in his personal folder and transfer funds from one account to another.

Sviaz-Bank’s customers will save time they might otherwise waste visiting a lending institution, manage their funds on line seven days a week 24 hours a day, and make higher returns.