UBRD Raises Interest Rate on Deposits

4 October 2018 (09:36)

UrBC, Yekaterinburg, October 4, 2018. The Ural Bank for Reconstruction & Development (UBRD) increased interest rates on deposits offered to private customers by 0.25% to 0.5% a year on October 1, the bank’s press service reports.

The interest rate on Growing Interest Deposit went up to 8% a year (deposit period: 210 days; the interest gets paid into the overall amount every thirty days; you can add more money (any amount) to the deposit any time you like; the minimum you need to deposit is RUR 10,000). The offer holds for customers who didn’t have an active deposit or a savings certificate at the bank as of September 17, 2018.

The interest rate on Profitable Deposit now comes to 7.5% a year (online setup option is available).

The interest rate on Savings Deposit comes to 7.25% a year throughout the entire deposit period.

The interest rate on Mobile Deposit comes to up to 6.25% a year.

‘Whatever deposit plan a customer goes for, there’s always a great deal to be had. While most of the banks in the country’s Top 10 rating offer an interest rate of only 6.65% or less, the UBRD can offer you up to 8% a year. It’s also important that banks deposits remain one of the easiest yet the most reliable way of investing, and all of the UBRD’s deposits are insured through the Deposit Insurance Agency’s system,’ says the bank’s Marketing Director Alexei Merzlyakov.

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