Management of temporarily available funds – interest income and preferential terms and conditions.
- Interest on minimim balance
- Interest on monthly average balance
For a Customer to deposit funds, the Bank signs a Fixed-term or Demand Deposit Agreement with the Customer.
- “Fixed-term” deposit enables a Customer to place funds in RUB, USD or EUR. Please see details at «General Terms and Conditions on Currency and Money Markets Transactions of Nordea Bank».
- “Demand” deposit enables a Customer to place funds in RUB until demanded back. Throughout the Agreement the original amount deposited may be topped up with additional payments by the Customer. The deposit is returned fully or partially upon the Customer’s first demand.
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 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.
The funds deposited under the Bank deposit agreement by Customer (being an individual entrepreneur) or Customer (being a legal entity) regarded as a small business (including microbusinesses) as per the Russian law and whose data are recorded in small and medium businesses register shall be insured in the manner, amount and on the conditions set forth in the Federal Law dated 23 December 2003 № 177-FZ «On insurance of deposits in Russian banks». Please see more details on funds insurance at «Deposit Insurance System» page.