UBRD Raises Interest On Online Deposits

4 April 2018 (09:18)

UrBC, Yekaterinburg, April 4, 2018. The Ural Bank for Reconstruction & Development (UBRD) increased interest rates on deposits available through online and mobile banking apps starting April 2, 2018. The rates went up by 0.25% and thus reach 5.5% to 6% a year, the bank’s press service reports.

‘According to our data, the bank’s customers prefer to manage their finances remotely: the number of active online banking and mobile app users rose by 30% in the last one and a half years. At the same time, the number of online transactions per user has been growing as well: there were an average of 2.5 transactions per user at the end of last year and there are as many as 3.2 transactions per user at the moment. Setting up an online deposit is one of the most popular remote services at the moment. Over 10,000 deposits were set up in the first quarter of the year, which exceeded the figures for one year earlier by 10%,’ the press service says.

You can open an online deposit with as little as RUR 1,000 in it. The interest rate gets paid every thirty days.

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