OREANDA-NEWS. June 16, 2008. The Bank of Moscow has made its main time deposit — the "Prestige" deposit — still flexible and attractive for depositors. The minimum amount for the Prestige deposit has been reduced from 200,000 roubles to 30,000 roubles; from USD 15,000 to USD 1,000; from 15,000 to 1,000 euros.

Moreover, the interest rate on the Prestige deposit has been raised. Thus, the maximum return that can be obtained on the Prestige deposit in roubles is now 9,7% per annum. However, in this connection, reception of Lux deposits has been suspended from June 09, 2008 yet our current clients will not experience any inconvenience and will not have to visit the Bank’s branch departments for supplementary formalities — the Lux deposits shall be automatically prolonged on terms most advantageous for the clients who had been benefiting from this deposit line, the terms being now equivalent to those for the Prestige deposit.

— The Bank of Moscow is constantly improving the terms in its retail programmes, — says the Vice-President of the Bank of Moscow Irina Nikitenko. — Thus, since the beginning of 2008 we have several times raised the interest rates on deposits, while in April we have launched two new deposits the Successful Year and the New Generation deposits. Moreover, the Bank is actively expanding its service points network creating distant and hi-tech systems for successful finance management and thus making banking products really affordable for Russia’s population.