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Banks Adjust Interest Rates in Russian Rubles

Belarusian VTB Bank has revised the conditions and rates for its fixed-term deposits in Russian rubles.

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Russian-based VTB Bank (Belarus) modifies conditions for certain ruble-based deposit offerings in...
Russian-based VTB Bank (Belarus) modifies conditions for certain ruble-based deposit offerings in Russia, adjusting interest rates.

Banks Adjust Interest Rates in Russian Rubles

Bank VTB in Russia Shakes Up Deposit Offerings

Got some fresh updates from Bank VTB (Belarus) on their ruble-denominated deposit products in Russia, here's the lowdown!

Changes made in the "My Conditions (non-withdrawable)" ruble deposit:- The interest rate for the 35-65 day term drops by a chunky 2.7 percentage points (p.p.), now set at a respectable 11.1% per annum.- The options for terms of 97-158, 159-282, 283-548, and 549-1733 days have been swapped out for new options: 97-366, 367-1096, and 1097-1733 days, with rates of 15%, 16.9%, and 15.9% respectively.

Adjustments to the "My Conditions Online (non-withdrawable)" ruble deposit include:- A 2.7 p.p. decrease in the interest rate for the 35-65 day term, now sitting at a slightly lower 11.2% per annum.- The options for 97-158, 159-282, 283-548, and 549-1733 days have been replaced with new options: 97-366, 367-1096, and 1097-1733 days, sporting rates of 15.1%, 17%, and 16% respectively.

Revisions to the "My Conditions (withdrawable)" ruble deposit parameters:- The interest rate for the 97-127 day term sees a solid 0.9 p.p. increase, now at a competitive 10% per annum.- The options for 35-65, 66-96, 128-158, 159-189, 190-220, 221-251, and 252-282 day terms have been merged into one option for 35-96 days, with a rate of 9%.- The options for 128-158, 159-189, 190-220, 221-251, and 252-282 day terms were merged into a singular option for 128-313 days, with a rate of 9%.- The option for 314-1900 days was replaced with alternative options for 314-548, 549-639, 640-729, 733-823, 824-1005, 1006-1187, 1188-1369, 1370-1642, and 1643-1733 days, racking up rates of 8%, 8.6%, 8.7%, 8.9%, 9%, 9.1%, 9.2%, 9.3%, and 9.4% respectively.

Remember, these changes reflect the current state of affairs as of the article's publication. For the latest details on Bank VTB (Belarus) or any other financial institution, check their official website or give them a buzz yourself. Financial sectors can be tricky with shifting market conditions, government policies, and bank strategies, so it's essential to stay in the loop!

Hope this breakdown helps you understanding the new offerings of Bank VTB in Russia better. Stay tuned for more financial updates! 🤑💰💼

P.S. If you're after information on VTB Bank in Russia, their situation has been undergoing changes due to sanctions and economic pressures, but the interest rates for Bank VTB (Belarus) would require reaching out to them directly. Keep in mind, economic conditions can impact banks' operations and rates in Russia and Belarus, so stay informed! 🌐📞👍

  1. Deposit rates in Bank VTB (Belarus) have undergone changes, with the "My Conditions (non-withdrawable)" 35-65 day term decreasing by 2.7 percentage points to 11.1%.
  2. The "My Conditions Online (non-withdrawable)" 35-65 day term also experienced a 2.7 percentage points decrease, now at 11.2%.
  3. In the "My Conditions (withdrawable)" deposit, the 97-127 day term saw a 0.9 percentage point increase.
  4. The finance industry in Belarus, represented by Bank VTB, has introduced new deposit options with varying rates for terms ranging from 314-1733 days.
  5. It's crucial for businesses and individuals interested in the latest deposit parameters in the banking-and-insurance sector to stay informed about market conditions, government policies, and bank strategies, as these can significantly impact deposit offerings in countries like Russia and Belarus.

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