All of our Savings and Deposit products are subject to deposit insurance in accordance with Russian regulatory and legal requirements. Please click here to read about our participation in the deposit insurance program.
DEMAND AND TIME DEPOSITS
Our clients have a choice between Demand and Time Deposits. Each account type may be appropriate for different day-to-day needs, depending on each client’s preferences and requirements.
Demand deposits are ideal for clients who regularly use their account for cash and settlement services.
For clients who plan to carry out day-to-day transactions on their accounts, and actively use the bank for cash and settlement services, the right Savings/Deposit product is "On Demand":
- Demand Deposits are available in RUB, USD and EUR;
- Cash and non-cash deposits into the account;
- Full or part withdrawals on the first demand of the depositor;
- Bank transfers, conversion of funds, execution of ad hoc and standing orders of the Client and other transactions on behalf of the Client are available within the account balance;
- No limit on the minimum and maximum amount of balance on demand deposits, the amount of additional contributions and funds withdrawal (within the account balance);
- Interest is calculated monthly for the currency and ruble deposits;
- Withdrawals from on demand deposits may be performed inder a notarized power of attorney.
Time deposits offer our clients flexibility to save over a longer period of time with client-specific preferences. Our clines are able to choose the term, currency, deposit amounts, frequency of deposits and type of interest payments. At maturity, time deposits can be automatically transferred to the account of our client’s choice.
Our savings accounts are designed to offer our clients safe and low risk bank deposits that earn steady income. SDM-Bank offers both Ruble and international currency deposit accounts with favorable interest rates.
SAVINGS FOR INDIVIDUALS
We offer several high quality Saving and Deposit accounts for individuals.