Bank UralSib introduces a variable interest rate savings account for clients seeking flexible investment options.
UralSib Bank, a Russian financial institution, has recently introduced a new term deposit product called "Key Plus." This deposit offers attractive yields for depositors seeking higher returns on their savings.
The placement term for the "Key Plus" deposit is flexible, with options of 91, 181, and 367 days. It's important to note that the deposit cannot be replenished or withdrawn during its term, and the term cannot be extended.
Interestingly, the yield on the "Key Plus" deposit is linked to the key rate of the Bank of Russia. With the current key rate, the yield on the "Key Plus" deposit ranges from 19.30% to 21.35% per annum. Depositors can choose between transferring interest to a separate account or capitalizing it (adding it to the deposit amount).
UralSib Bank also offers another floating-rate deposit called "Comfort Plus," which shares similar placement terms. The current yield on the "Comfort Plus" deposit, considering interest capitalization, ranges from 18.40% to 20.28% per annum.
It's worth mentioning that the interest rate for both "Key Plus" and "Comfort Plus" deposits varies based on the service package, deposit amount, term, and interest calculation method. These deposits can be opened within the existing Premium and Private service packages, and they can be opened either in the bank's office or online, for an amount of 2 million rubles to 1 billion rubles inclusive.
It's essential to note that the interest rate for previous periods will not be recalculated for the "Key Plus" deposit. If the key rate changes, the interest rate on the "Key Plus" deposit contract will be updated accordingly.
UralSib Bank holds General License No. 30 from the Bank of Russia. For detailed information on the terms, conditions, and yields of the "Key Plus" and "Comfort Plus" deposits, I recommend contacting UralSib Bank directly or visiting their official website to obtain the most accurate and up-to-date information.
Lastly, it's important to mention that UralSib Bank has made a significant move in the business sector by making the SBP transfer service commission-free. This service is now available for businesses at UralSib Bank.
For those interested in general banking products or financial services in Russia, I can provide further information. Please let me know how else I can assist you.
At UralSib Bank, a Russian financial institution, the yields for both the "Key Plus" and "Comfort Plus" deposits are determined by the key rate of the Bank of Russia, creating an opportunity for higher returns in finance. The placement term for the "Key Plus" deposit is flexible, allowing for options of 91, 181, and 367 days, and depositors can choose to transfer interest to a separate account or capitalize it.
