21.07.2009 /Deposits
 B&N Bank’s new product - "Multi-currency"deposit
Since July 15, 2009 B&N Bank has launched a new product – “Multi-currency” deposit. According to terms and conditions of this deposit any customer can open three accounts in different currencies (RUB, USD, EUR). Throughout the whole effective period of the deposit agreement the customer is entitled to make conversion operations via the accounts opened in the framework of one agreement without limitations. In this case, conversion fee shall not be charged. Minimum amount of the deposit in ruble equivalent is RUB 30 000. Term of deposit varies from 6 months up to 2 years. Maximum annual income in RUB – 15%, USD – 9.10%, EUR – 8.30%. “Multi-currency” deposit also provides for an opportunity of pay-in transactions. Additional pay-in amount shall be not less than RUB 1 000/ USD 50 / EUR 50. Thus, the customer obtains guaranteed high interest income and an opportunity to enlarge the deposit due to currency fluctuations (gains after completion of any conversion operation). Alexander Efremov, Head of Deposits and Savings, noted: “In the context of instability in ruble exchange rate to foreign currencies, in particular to US dollar and Euro, major part of population is interested in diversification of savings by depositing them in different currencies. “Multi-currency” deposit will enable our customers to face the future confidently because in case any currency has the risk of devaluation there is an option to redistribute the savings without loss of income”.
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