UBRD: Customers Invest 1bn RUR in Savings Certificates
1 April 2016 (11:12)
UrBC, Yekaterinburg, April 1, 2016. The Ural Bank for Reconstruction & Development’s customers have invested over 1bn RUR in savings certificates so far, the bank’s press service reports.
The increase was 22% in February alone (17% above the market’s average as quoted by the Central Bank).
The UBRD Debit Operations Director Olga Aksenova says most customers go for certificates with a 180-day period, with the average invested amount at 476,000 RUR (40% more than the average amount placed in savings deposits). Over 60% of savings certificates fall into the 100,000 RUR-1,000,000 RUR range.
‘This growing interest in savings certificates has to do with the lowering of interest rates offered on deposits in 2015; this downward trend continues this year as well, so a savings certificate is a way to ensure higher yield in the longer term. The lower investment limit is jus 10,000 RUR, with no upper limit,’ Aksenova said.
The increase was 22% in February alone (17% above the market’s average as quoted by the Central Bank).
The UBRD Debit Operations Director Olga Aksenova says most customers go for certificates with a 180-day period, with the average invested amount at 476,000 RUR (40% more than the average amount placed in savings deposits). Over 60% of savings certificates fall into the 100,000 RUR-1,000,000 RUR range.
‘This growing interest in savings certificates has to do with the lowering of interest rates offered on deposits in 2015; this downward trend continues this year as well, so a savings certificate is a way to ensure higher yield in the longer term. The lower investment limit is jus 10,000 RUR, with no upper limit,’ Aksenova said.
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