Deposits
Nordea Bank offers competitive terms on placing deposits in Russian roubles, US dollars and Euro for corporate customers.
Investment instruments:
- deposits
- interest on account balances.
Deposit within the framework of General Terms and Conditions of OJSC Nordea Bank for effecting transactions on the foreign exchange and money markets
Funds can be deposited over a period as agreed upon with the Customer. Depositing of funds follows the framework of General Terms and Conditions of OJSC Nordea Bank for effecting transactions on the foreign exchange and money markets, with deals being concluded by exchanging messages over the Reuters-Dealing system.
Payment of interest is made to customer-specified account upon termination of the deposit term. A Nordea Bank account is not required to take advantage of this service.
Fixed-term deposit
The bank signs a contract with the customer to invest funds by establishment of a bank deposit account. Upon termination of the contract, the customer may transfer the agreed upon deposit amount from an account to the deposit within three working days.
Funds in roubles, US dollars or euro may be placed on bank deposit accounts.
Demand deposit
For a Customer to deposit funds, the Bank signs a Demand Deposit Agreement with the Customer. Once signed, the Customer may remit therein stipulated some to the deposit account within 3 business days.
Throughout the Agreement the original amount deposited may be topped up with additional payments by the Customer.
The Agreement terminates once the deposit is demanded back. The deposit is returned fully or partially upon the Customer’s first request.
The interest accruing on the amount deposited is subject to the terms and conditions for corporate deposits in OJSC Nordea Bank effective as of the Deposit placement date.
Interest accrual on minimal account balance
Interest accrual on minimal account balance is subject to Addendum to the Bank Account Agreement. The minimal balance amount denominated in rubles bears interest on the Customer’s current account with the Bank. The minimal balance amount and interest accrual rate are stipulated in Addendum to the Bank Account Agreement.
Interest accrual on monthly average account balance
Interest accrual on monthly average account balance is subject to Addendum to the Bank Account Agreement.
The monthly average account balance and interest payment procedure are stipulated in the existing interest calculation and payment terms and conditions.