OREANDA-NEWS. April 04, 2011. The Bank of Moscow has introduced a new seasonal deposit – "Happy Season". The deposit can be opened from 4 April to 31 May 2011. The deposit can be opened both in RUR and US dollars with the minimum amount of deposit being either 30 000 RUR or 1 000 US dollars. The term of the deposit is 400 days.

The annual interest is 7.4% in RUR and 4.5% in US dollars and it is added to the amount of deposit in the end of the term. Within the final period of 90 days prior to the expiry of the deposit term (from the 311th to and inclusive of the 400th day), an increased interest rate is accrued to the amount of 10% annually in RUR and 5.5% annually in US dollars.

"The seasonal deposits of the Bank of Moscow are always popular with our clients", says Stanislav Stanek, Head of Retail Business of the Bank of Moscow. "A higher interest rate accrued during the final period of the deposit term will become a nice surprise for our clients".