UBRD Now Offers 7.85% A Year on Savings Deposits

16 January 2019 (09:48)

UrBC, Yekaterinburg, January 16, 2019. The Ural Bank for Reconstruction & Development (UBRD) launches its new Savings 540 Days Deposit on January 15, 2019. This deposit type differs from its counterparts in that the savings period is longer (eighteen months) and the interest rate comes to up to 7.85% a year, the bank’s press service reports.

‘This is a perfect offer for those who’ve already saved a certain amount and are now considering various long-term investment options. A bank deposit is still one of the clearest, affordable, and secure mechanism, so over 95% of private customers’ savings actually get directed to deposits. Since you can now set up your savings deposit online, and get better terms, this definitely looks like the most appealing investment option,’ says UBRD Marketing Director Alexei Merzlyakov.

You can arrange the deposit either online or at any of the bank’s branches. The lower limit comes to RUB 1,000. The 7.85% annual interest rate is offered if you open the deposit online and sign up for the all-inclusive online banking package. The interest either gets paid to your card account or gets added to the principal amount (depending on your personal preferences) every thirty days.

The bank also raises interest rates on other deposit types on January 15. The new rates reach as much as 8.5% and 7.85% a year.

For more information on the UBRD’s banking products, please visit the bank’s website, call +7 (800) 1000-200, or come to any of the bank’s offline branches.

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