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Russian Federation : Sberbank of Russia increases the interest rates on deposits and savings certificates in Russian rubles for individuals

June 24, 2014



Sberbank of Russia has reported an increase in the interest rates on deposits and savings certificates in Russian rubles for individuals starting from 23 June 2014.

The interest rates on deposits held in rubles for a period of at least 6 months that are opened remotely with the help of "Sberbank Online", through the mobile application "Sberbank Online", as well as ATMs and POS terminals of Sberbank ("Save Online", "Refill Online" "Manage Online") will rise by 0.25 percentage points. Thus, the interest rates in ruble for deposits online for a period exceeding six months will exceed by 0,5% per annum the rates for similar deposits of the basic product line ("Save", "Refill", "Manage") that can be opened at the bank branches.

On savings certificates interest rates are increase as follows: for the period from 181 to 730 days and the amount starting from 50 thousand rubles - up to 1 percentage point; for the period from 731 to 1094 days, and the amount starting from 8 million - up to 1.15 percentage points; for the period from 1095 days and the amount starting from 50 thousand rubles - up to 1.2 percentage points.

Maximum rate on savings certificate is 10.5% per annum.

More information on the above changes is available on the bank's website in the section "Deposits .


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Source: TendersInfo (India)


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