In mid-June, two new deposits became available for all retail clients of JSC «CIB». The deposit «Earn Every Week» provides for the placement of funds for a seven-day term at 17% per annum in hryvnia, automatic prolongation for the convenience of clients, and payment of interest at the end of the term. The deposit «Convenient» is an open-ended demand deposit, the yield of which depends on the amount of the balance on the client's account. The maximum rate is accrued on deposits of UAH 100 thousand or more and amounts to 15% per annum.
«These are only our first steps on the way to launching a full-fledged product line for retail clients. After launching these deposits, we can offer our clients three main types of deposits: a demand deposit, a classic deposit, and a short seven-day deposit fully meeting the current realities of the market. In the near future we will also add term deposits that do not provide for early withdrawal, however, we will not «inflate» the deposit product line. In development, we are guided by the key principle: the product must be simple and clear, and the number of its modifications strictly limited», — explained Dmytro Fedorov, Director of the Retail Business Development Department.
All deposit products of the bank, with the exception of the short-term seven-day deposit, provide for the accrual of interest on a differentiated scheme. In the classic deposit, the yield depends on the actual term of fund placement, and in the «Convenient» deposit — on the amount of the balance on the client's account.
