Translation. Region: Russian Federation –
Source: T-Bank –
An important disclaimer is at the bottom of this article.
Short
Interest rates on new deposits have been updated since November 20.
Rate changes don't affect previously opened deposits. This is always the case: when you open or renew a deposit, the rate is fixed for the entire term.
New conditions apply to new and extended deposits.
The updated interest rate on ruble deposits ranges from 8% to 16% per annum. It depends on the deposit term and the ability to replenish it.
When you open a deposit in the T-Bank app, we'll offer you a higher interest rate by default. In this case, you can only add to your deposit within 30 days of opening. If you want to continue adding to your deposit throughout the entire term, turn off the "Increase Interest" toggle switch when opening the deposit—the standard rate will then apply.
Current deposit rates
| 1 month | 2 months | 3 months | 4–6 months | 7–9 months | 10–12 months | 13–17 months | 18–24 months | |
|---|---|---|---|---|---|---|---|---|
| Non-replenishable deposit (higher rate) | 14.5% | 14.5% | 16% | 14% | 13% | 12.5% | 11% | 10% |
| Replenishable deposit (standard rate) | — | 13% | 13% | 12% | 11% | 10% | I% | 8% |
Basic terms and conditions for deposits at T-Bank:
minimum deposit amount is 50,000 ₽;
term – from 1 to 24 months;
Interest is accrued every month – on the deposit itself or on the card.
T-Help
How to open a deposit
To open and manage a deposit in the T-Bank app, you will need a Black debit card.
If you don't have a Black card yet, order free delivery. We'll deliver the card to your location and time. You can top up your account after meeting with a representative: with cash at a T-Bank ATM, by transfer from another bank, or through our partner network.
If you already have a card, scroll down the “Home” tab in the T-Bank app → “All products” → “Deposit”.
When opening the account, you should immediately select the deposit term and the rate—higher or standard—which will determine how often you'll replenish your account. If you don't need to replenish your account within 30 days of opening, choose the higher rate.
If the deposit already exists
Deposits opened before the rate update are not subject to the new interest rate. This is always the case: when you open or renew a deposit, the rate is fixed for the entire term.
In this case, there are two options:
Extend your current deposit when its term expires. After the extension, the new interest rate in effect at the time of the extension will take effect.
Close your active deposit and then open a new one with the new interest rate. But remember that if you close the deposit early, your accrued interest will be recalculated and almost all of it will be lost.
About foreign currency deposits:
Starting May 28, 2022, we temporarily stopped opening and extending deposits in dollars, euros, and pounds sterling. You can still top up existing deposits. Once the deposit period expires, we'll transfer the funds to your account in the appropriate currency.
From September 1, 2022, deposits in yuan were launched.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.