VTB launches the “New Time” deposit with a yield of up to 5.3%

With the onset of spring, VTB offered its clients the Novoe Vremya deposit, which earns up to 5.3% per annum when opened online and the Savings option is activated via the Multicard.

The base rate on a new VTB deposit when opened in a branch is 4.1% per annum with monthly capitalization of interest. When opened online or in bank self-service devices, it increases by 0.2 p.p. and will be already 4.3% per annum, taking into account the capitalization of interest. Additionally, the return on the deposit can be increased by 1 p.p. by connecting the “Savings” option to the Multicard.

The minimum placement amount is 30,000 rubles when opening a deposit in a branch, and only 1,000 rubles when placing funds online. The term of the deposit is 181 days. Interest at the choice of the client is accrued monthly to the deposit account or paid to the master account. Partial replenishment or withdrawal is not provided.

“Spring is a time of renewal, the financial activity of citizens is traditionally growing. Many clients are looking for profitable options for investing funds accumulated during the winter period or released after the closing of deposits from previous periods. Especially for them, on the first day of spring, we are launching a new deposit that allows you to place money at a favorable rate and save it securely,” comments Maria Voronina, Deputy Head of VTB Savings Department.

For clients choosing a long-term placement of money, the anniversary deposit "Success Story" is still available at a rate of 4.5% per annum for a period of 1.5 years. In addition, funds can be placed on deposits of the basic line - "Investment in the Future" and "Great Opportunities", as well as on the savings account "Moneybox".

At the end of 2020, the portfolio of attracted funds from VTB individuals increased by 26% and exceeded 6.8 trillion rubles (including investment products). The portfolio of classic savings products (deposits, savings and current accounts, etc.) grew by 7% by 2019, private clients' investments in investment instruments increased by 77%.