Platinum Bank revised interest rates on deposits toward an increase
From the 2nd of July 2012 Platinum Bank offers to its clients new increased interest rates on the UAH deposits for individuals. The rates on the “Cash Every Month” and “Desired Increase” deposit programs have risen most significantly.
A considerable increase of interest rates occurred in the most demanded and profitable deposit program for individuals - “Cash Every Month”, that allows clients to receive maximum profit with the interest paid monthly. Thus, the interest rate has increased from 1% up to 3% depending on the term and amount of the deposit. In particular, the interest rates on the deposits exceeding UAH 1 million, placed for 9 months increased by 3% and reached 21% annually. Before, it was available only on the long-term deposits placed for 18 months.
The increase of interest rate has also been applied to USD deposits “Cash Every Month” increasing up to 6.8% annually.
The interest rates on the savings account “Desired Increase” with the right to add funds to the deposit and monthly capitalization of interests rose in short-term UAH deposits. Thus, in UAH deposits placed for 3 months regardless of the deposit amount the rates have risen by 2.5% and reached the range of 16.5-17.1% annually. The profits on the deposits placed for longer periods of time have risen in average by 1.8-1.9%. The rates on the USD also deposits have increased up and for today the maximal rate is 5.8% annually.
“Platinum Bank constantly keeps trace of the market trends and is always ready to offer, under the economic changes, more profitable conditions to our clients. Our deposits are notable for transparent, understandable conditions, honest rates and easy methods of calculating the interests. We clearly understand expectations and worries of the clients, and being a reliable partner we are trying to provide support and favourable conditions in the attempt to increase the funds of the clients. The new terms on the deposits make it even more attractive. And this is another step towards our clients”, - comments Andrzej Olejnik, Chief Marketing Officer.
Currently there are 5 deposit programs for individuals in Platinum Bank, namely: “Acquaintanceship”, “Cash Every Month”, “Desired Increase”, “Spare Cash” and “On Demand”.
More detailed information on deposit products for individuals in Platinum Bank you can find in the website of the bank: http://www.platinumbank.com.ua/view.our_products_deps/
Platinum Bank is a specialized retail bank providing deposit and loan products to individuals through a network of outlets and customer service centers all over Ukraine since 2005. The main shareholders of Platinum Bank are international investment funds Horizon Capital, East Capital Financials Fund, the senior management of the Bank and IFC (a subsidiary of the World Bank).
Platinum Bank became a winner in the nomination “Best Retailer Bank” in the rating of “Ukrainian Banker Awards 2011” (“Investgazeta”).
Greg Krasnov, the CEO of the Platinum Bank received the award “The Financier of the Year 2011” within the nationwide prize “Person of the Year - 2011”.