UBRD Offers Monthly Capitalization of Interest
10 May 2017 (09:34)
UrBC, Yekaterinburg, May 10, 2017. The Ural Bank for Reconstruction & Development (UBRD) now offers a monthly capitalization of interest on the entire range of deposits available at the bank, their press service reports.
According to the bank’s Debit Transactions Director Olga Aksenova, more frequent capitalization means allows their customers to make better budgeting decisions.
‘People are more used to planning on a monthly basis, so capitalization of interest every thirty days is more convenient. Since we understand this, we are adjusting our products to meet our customers’ preferences. The interest on one’s deposit gets added to the entire amount every month, which means a customer gets both their monthly pay and the interest on their deposit by way of regular income,’ Aksenova said.
According to the bank’s Debit Transactions Director Olga Aksenova, more frequent capitalization means allows their customers to make better budgeting decisions.
‘People are more used to planning on a monthly basis, so capitalization of interest every thirty days is more convenient. Since we understand this, we are adjusting our products to meet our customers’ preferences. The interest on one’s deposit gets added to the entire amount every month, which means a customer gets both their monthly pay and the interest on their deposit by way of regular income,’ Aksenova said.
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