Credit Dnipro Bank in July increased its retail clients' time deposits portfolio by UAH 15 million
12 August 2019
In July 2019, Credit Dnepr Bank increased its retail customers' term deposits portfolio by UAH 15 million - up to UAH 1.4 billion. The best dynamics were demonstrated by term deposits in national currency for 6 and 12 months - their total volume for the month increased by more than 60%. The total financial portfolio of the financial institution is UAH 3.5 billion. Time deposits account for more than 70% of the retail funds portfolio, of which 72% are deposits for a term of six months or more.
"We have increased our time deposit portfolio despite the height of the summer season - a traditional holiday period and repairs that require additional financial resources and often adjust customer plans not in favor of bank deposits," says Oleg Pakhomov, Deputy Chairman of the Bank's Retail Business Director Credit Dnipro. "The yield on our hryvnia deposits is up to 17.5% per annum, which is one of the best deals on the market and motivates pragmatic depositors to manage their finances as efficiently as possible."
Credit Dnipro Bank proposes to make a deposit for the period from 23 to 450 days in hryvnia and from 90 to 719 days in currency in any branch or remotely through the Free Bank internet banking system, which is encouraged by an additional 0.5% to the hryvnia rate and 0.2% - in US dollars. The minimum deposit amount is only 500 UAH, 100 USD, 100 EUR for Free Bank registration. Interest payment scheme - monthly or at the end of the deposit - the client chooses independently, taking into account their priorities and financial plans. Automatic deposit extension can be made an unlimited number of times under the current rate as of the date of prolongation if the depositor does not decide to refuse this option. If desired, the depositor can open the Unlimited Classic card free of charge, which includes a current account in the deposit currency, for which interest is accrued and the full amount of the deposit after its termination, Visa Classic payment card and access to the Free Bank Internet banking system are returned.
To find out more about deposit offers of the Credit Dnipro Bank, please visit the link.