Information about changes to the material terms and conditions of term deposits

2020-11-27

Dear customers,

Please be informed about changes to the material terms and conditions of term deposits for legal entities effective from 01/12/2020:

  • The minimum term of a deposit agreement is 6 months;

  • Deposit agreements will no longer be automatically extended;

  • Deposit agreements will no longer be automatically extended. Upon premature termination of a deposit agreement concluded after 01/12/2020, a term deposit agreement termination fee of 0.5% will apply. The fee will be calculated from the principal amount of the deposit for the period from the conclusion of the deposit agreement to the termination date, assuming that there are 360 calendar days in a year;

We recommend choosing the maturity date of a term deposit responsibly and carefully, taking into account fees and charges associated with premature termination of the deposit agreement.

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