UBRD Offers Better Interest on Savings Deposits

5 February 2019 (09:20)

UrBC, Yekaterinburg, February 5, 2019. The Ural Bank for Reconstruction & Development (UBRD) raised the interest rates on both ruble and dollar savings deposits on February 1, the bank’s press service reports.

The interest rate on Dokhodny Deposit is now 0.35% to 0.45% higher for the ruble options (depending on how long the money has been sitting in the deposit) and 0.1% higher for the dollar options on Days 1-90. Nakopiltelny Online Deposit (390 days/USD) now yields the annual interest rate that is 0.2% higher than before.

Dokhodny and Nakopiltelny are among the UBRD’s most popular banking products. You get the best deal if you open these online and sign up for the e-banking package, in which case you earn up to 7.85% a year on Nakopiltelny (RUB) and up to 8.5% a year on Dokhodny (RUB/USD). The interest gets paid every thirty days and can either get transferred into your bank card account or added to the principal deposit amount. The lower opening limit is set at RUB 1,000 for the online option. The deposit period comes to as long as 1,500 days for Dokhodny and to 390 or 540 days for Nakopiltelny.

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