TransCreditBank Raises Interest Rates on Retail Deposits

TransCreditBank increases return on RUR and FX retail deposits for deposits with the term of upwards of 1 month. Rates will increase by 0.5 % - 2 % p.a. for RUR deposits and by 0.25 % - 1.5 % for FX deposits.

In addition to increasing interest rates the Bank extends the maximum term of the most popular Skory (“Rapid”) and Firmenny (“Trademark”) deposits to 3 years. These deposits are available both in RUR and FX.

Currently the Bank offers to its customers the following term deposits: Skory, Optimalny (“Optimal”), Firmenny, a range of Luxe, Prestige-Rentier, Prestige-Kaznachey (“Prestige-Treasurer”), Express (placed through the Bank’s ATM network), Internet-Express (placed through Internet-bank system) deposits.

TransCreditBank optimizes its slate of deposits by custom-tailoring it to the needs of different client groups. In particular, the Bank shortly intends to launch a new deposit with a pay-in option and quarterly capitalization of interest.

Further details of terms and conditions of TransCreditBank’s term deposits are available at www.tcb.ru, section Retail Customers/Deposits.

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