Bank of Moscow Increases Interest Rates on Deposits in Roubles
OREANDA-NEWS. From December 15, 2014 the Bank of Moscow increases interest rates on deposits of a basic line in Russian roubles.
There were increased rates on such deposits as Maximum Income, Maximum Growth and Maximum Comfort in roubles for all the terms and amounts of deposits. The change was from 1 to 2 percentage points.
Maximum effective interest rates are as follows:
- Maximum Income deposit is 11.52% per annum;
- Maximum Growth deposit is 10.00% per annum;
- Maximum Comfort deposit is 8.95% per annum.
Interest rates on deposits in foreign currency were not changed. When a client opens a deposit via the Internet bank system he/she gets an additional bonus in the form of additional 0.3 percentage points per annum in roubles and 0.1 percentage points per annum in foreign currency to the deposit rate.
For pensioners and payroll clients of the Bank of Moscow within the base line of deposits special conditions are established - maximum profitability regardless of the amount of contributed funds.
"At current growth of rates in the market, now the depositors have a unique opportunity to fix a high return on term deposits in a reliable bank with state participation, - commented Roman Tsivinyuk, Director of Retail Products Department of the Bank of Moscow."
The Bank of Moscow is a member of the statutory individual bank deposit insurance system. All deposits of the Bank of Moscow are insured.
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