Ural Bank for Reconstruction and Development raises interest rate on deposit

The Ural Bank for Reconstruction and Development has recently raised the interest rate the company offers on its special Holiday deposit up to 13.9% a year (provided the deposit period comes to 100 to 130 days). In case you want to withdraw your money before the deposit period comes to an end, the interest rates will still be generally higher than the usual ones.

According to the terms of the bank’s other deposits, the interest is either paid on a monthly basis or at the end of the deposit period; as a matter of fact, improved interest is offered for these deposit types as well: in case you choose to keep your savings at the bank for 91 to 120 days, the annual interest rate will amount to 14%.

‘Our Great Income deposit now proves really worthy of its name. If the deposit period comes to 121 days, the interest rate will be determined at 14.2% a year provided that less than 5 million RUR are left in one’s account and at 14.4% a year provided the account balance comes to 5 million RUR or more,’ the bank’s press officer explains.


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