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Interest rates on foreign currency account


Dear Clients,

 

Starting from 01.07.2017 the Bank will not pay interest on positive balance on transaction accounts.

 

As per international standards, the transaction accounts are used for realization of payments and the funds on these accounts are always at disposal of the Bank’s clients. These are not deposit accounts where funds are deposited for certain interest.

 

Pursuant to this standards, the Bank decided not to accrue interest on the funds that are 24 hours at clients’ disposal. This decision is a result of the actual trends at the international financial markets where the Bank pays negative interest on the funds on its accounts with the foreign banks.

 

At the same time, we advise you that the Bank offers a possibility for depositing funds with different maturities corresponding to your needs. The Bank shall accrue and pay applicable interest on these funds.

 

For more information go to the following link.