New terms of universal deposit for clients of Finance and Credit Bank

press-release

     From May 26, 2011, Finance and Credit Bank proposes new terms for those customers who are accustomed to using universal deposit accounts. Now all depositors opening the F&C "Line of Deposit" can effectively accumulate funds by replenishing both accounts that are opened within this programme (they are time and on-demand deposit accounts).

     According to Yuliya Solodovnik, Head of Passive and Settlement Operations Development Department of Finance and Credit Bank: "The advantages of this deposit product are: it can be replenished during the whole validity period of the deposit agreement, it provides a monthly repayment of accrued intrest and competitive intrerest rates. Besides that our customers can freely use their money, both crediting it to and partially withdrawing it from the on-demand account without a loss of the accrued interest".

     The interest rates are fixed at: 13% in UAH, 6.75% in USD and 6.25% in EUR. The interest at the rate of 4% in UAH, 2% in USD and 1.4% in EUR is accrued on the balance remaining on the on-demand account.

     Apart from that, it has by now become possible to replenish the account, withdraw funds and receive the interest accrued on the deposit amount as well as withdraw the whole deposit amount upon its maturity date not only in the bank outlets, but through the "Internet Bank" system which is the easiest, most convenient and fastest way to manage your finances.

Reference:

     Finance and Credit Bank was established in 1990 and ranks among the largest banks by the volume of assets according to the NBU classification. 

     The Bank serves over 143 thousand time deposit accounts held by individuals, and over 250 thousand current accounts. The volume of funds on time deposits and current accounts of individual customers made up UAH 7.005bn as of May 01, 2011.

     As of May 01, 2011, the authorised capital of the Bank was UAH 2bn, the network of Finance and Credit Bank includes 16 bank branches and 305 off-balance outlets in all regions of Ukraine.