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Decreasing Deposit Rates in Rubles: Certain Exemptions Apply

Belarusian banks have recently updated the conditions for deposit products, a topic we've revisited in this review.

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Decreasing Deposit Rates in Rubles: Certain Exemptions Apply

*Banks: Latest Developments to Consider! payload: 95% Base Article, 5% Enrichment Data *

Let's take a quick look at what's happening in the banking world, shall we?

Deposits

Alpha Bank

While we couldn't find exact details on theAlpha Parus deposit in Belarusian Rubles (BYN), we do know that Alpha Bank has scaled back interest rates for their non-withdrawable ruble deposit products:

  • By 0.05 percentage points (pp) to 14.7% per annum for amounts between 15,000 to 25,000 rubles.
  • By 0.1 pp to 14.9% per annum for amounts between 25,000 to 50,000 rubles.
  • By 0.15 pp to 15.1% per annum for amounts between 50,000 to 200,000 rubles.
  • By 0.25 pp to 15.25% per annum for amounts higher than 200,000 to 5 million rubles.

A new option with a term of 18 months and a rate of 15.29% per annum has been added to the ruble product "Alpha Deposit".

As for the ruble deposit "Alpha Cream", they've swapped out the 16-month options for ones with terms ranging from 1-6 months (15.3% per annum) and 7-16 months (14.8% per annum).

Sber Bank

When it comes to the "Save non-withdrawable in currency" deposit, Sber Bank now accepts only US dollars and Russian rubles, and they've said goodbye to the yuan option.

Other Changes

By April 30, "Neo Asia Bank" has increased the commission for non-cash crediting of foreign currency funds (excluding Russian rubles and Kazakhstani tenge) to individual accounts to 2.5% of the transfer amount.

Remember, it's essential to stay current with the latest banking products, as they are subject to change. If you want to make the most of your financial decisions, keeping an eye on these updates is crucial!

Keep up with the dynamic world of banking, and stay ahead of the game! 😎💸💯

  1. The deposit product named Alpha Parus, provided by Paritetbank, was not found with exact details in Belarusian Rubles (BYN).
  2. Alpha Bank has adjusted the interest rates for its non-withdrawable ruble deposit products, including a decrease by 0.05 pp to 14.7% per annum for amounts between 15,000 to 25,000 rubles.
  3. A new option, an 18-month ruble product named "Alpha Deposit," has been added to Alpha Bank's products with a rate of 15.29% per annum.
  4. In terms of the ruble deposit "Alpha Cream," the 16-month options have been replaced by shorter-term options ranging from 1-6 months (15.3% per annum) and 7-16 months (14.8% per annum).
  5. By April 30, "Neo Asia Bank" has increased the commission for non-cash crediting of foreign currency funds (excluding Russian rubles and Kazakhstani tenge) to individual accounts to 2.5% of the transfer amount, a change relevant to the finance and business industry, particularly the banking-and-insurance sector.
Update on Revised Deposit Terms of Belarusian Banks: We delve once more into the latest adjustments in the conditions for deposit products offered by Belarusian financial institutions.

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