OREANDA-NEWS. On 19.12.2014 the Bank of Moscow increased interest rates for "Interest Take-off" seasonal deposit in roubles.

The deposit may be opened either in roubles or in a foreign currency. The initial amount deposited shall be RUB 100,000 or USD 5,000 or EUR 5,000, with maximum amount unlimited. Additional deposits or partial withdrawals are not allowed.

The deposit period is 450 days divided into three equal intervals.

Upon expiration of every 150-day interval:

interest rate increases;

interest accrued is capitalized;

interest rate remains unchanged in case of early withdrawal.

Interest rates for "Interest Take-off" seasonal deposit are as follows:

for the first 150-day interval - 10% per annum;

for the second 150-day interval - 12% per annum;

for subsequent 150-day interval - 14% per annum.

Interest rates on the deposit in foreign currency were not changed.

"We offer a deposit for which our client won't need to choose between short-term deposits with prolongation and high interest rate of long-term deposits, - says Roman Tsivinyuk, the Director of the Retail Products Department of the Bank of Moscow, - The depositor has the opportunity to immediately fix a higher interest rate and to make a decision within short time intervals: whether to continue the accumulation of income on more favourable terms or withdraw funds without losing accrued interest."

The deposit can be opened at any branch of the Bank of Moscow within the Russian Federation and through Internet-Bank System.

The Bank of Moscow is a member of the statutory individual bank deposit insurance system. All deposits of the Bank of Moscow are insured.