UBRD Raises Interest on Mobile Deposit

15 April 2019 (09:13)

UrBC, Yekaterinburg, April 15, 2019. The Ural Bank for Reconstruction & Development (UBRD) raised the interest rate on its retail customer-oriented Mobile Deposit by 0.25%, the bank’s press service reports.

The maximum interest rate on this deposit type now comes to 6.7% a year if you open the deposit online or using your mobile app and sign up for the bank’s all-inclusive package. The package secures you an additional 1% a year on ruble deposits. Besides, the package also covers text message notifications on any change in the account balance and a debit card.

Now Mobile Deposit is the UBRD’s most flexible offer at the moment: customers can take any amount of money out of the deposit or add any amount of money to it any time. The deposit can get opened online (browser or mobile version) in just a few clicks. If you prefer to set up your bank accounts directly at the bank, you can always do so as well.

The deposit period is 210 days; the minimum amount of money you have to deposit with the bank is RUB 1,000. The interest gets paid either to your deposit balance or to your debit card account every thirty days.

‘Interest rates on deposits have tended to increase since the end of last year: more or less every player in the banking sector raised the interest rates in the wake of the CBR’s growing key rate. We’ve seen the peak of this trend by now, however, so the rates will start gradually going down in the very near future, which is why I think now is a great opportunity to seize the day and place your money with the bank with a good interest yield,’ says the UBRD’s Marketing Director Alexei Merzlyakov.

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