VTB increased rates on medium-term deposits in rubles – Kommersant
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VTB Bank (MOEX: VTBR) announced an increase in rates on ruble deposits for a period of six months for all client segments. The maximum yield increases by 0.7 percentage points. and will amount to 12.2%. The changes come into effect today, October 11, reported bank press service.
As the press service clarified, clients of mass retail, when placing funds on VTB Deposit for six months, will be able to receive a return of up to 11.5% per annum, owners of the Privilege service package – up to 11.9%. For Private Banking clients who open a product without replenishment and withdrawal options and pay interest at the end of the term, a yield of 12.2% is provided. The minimum amount when making a deposit in VTB Online is 10 thousand rubles.
For a medium-term deposit for a period of 181 days, which is offered to clients placing funds with the bank for the first time, the yield when opened in VTB Online can be up to 11.70% per annum. The minimum amount of funds is 1 thousand rubles.
According to the head of the VTB Savings Department, Natalya Tuchkova, as a result of repeated increases in the key rate, a favorable period has come for the accumulation of funds in the Russian financial market.
“Since August, market yield on deposits has increased by 3-3.5 percentage points and reached a record high since last fall. It is strategically important for us to offer clients favorable conditions for placing funds, so from today we are increasing rates on medium-term deposits. This will make it possible to receive the highest possible income not only for clients placing funds for three months, but also for those who are ready to invest for six months,” she noted.
Read about the conditions for deposits and loans offered by banks in the Kommersant FM article. “Rates are not going up”.
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