UBRD: No More Securities Account Charges

26 April 2017 (09:16)

UrBC, Yekaterinburg, April 26, 2017. The Ural Bank for Reconstruction & Development (UBRD) stopped charging its customers for keeping their bonds in securities accounts starting from April; these accounts are part of the customers’ brokerage service and personal investment account package.

‘Our customers used to have to pay 0.5% a year, so as you don’t have to deal with any commission any more, this automatically increases your bond profit. What is more, bonds still remain the low-risk investment market leader in terms of profit, whereas interest rates on deposits keep going down,’ says UBRD Finance Market Director Vladimir Zotov.

According to Zotov, investing in government bonds is one of the most promising and reliable ways of vouchsafing one’s savings. The federal loan bonds currently yield over 8% a year in terms of profit, and this figure can be fixed for a prolonged period if necessary.

‘Moreover, as you can get a tax relief on the money you invest in personal investment accounts, getting a 12% to 16% ROI in three years’ time looks like a rather realistic scenario,’ Zotov says.

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