Deposits

What types of deposits do you have?
Is there a possibility of automatically extending the deposit period?
Can I make an on-demand deposit in your Bank, with the possibility of withdrawing money at any time? So that other people (organizations) can place money on this account without my participation — simply by the account number.

•What types of deposits do you have?

Pravex-Bank PJSCCB offers you the following types of deposits:

In the national currency:

Deposits in the national currency with interest paid at the end of the period without the right of replenishment. Such deposits are accepted for the periods of 2, 3, 6, 9 months, 12 months and 3 days, 15, 18, and 24 months.
Deposits in the national currency with interest paid on a monthly basis without the right of replenishment. Such deposits are accepted for the periods of 2, 3, 6, 9 months, 12 months and 3 days, 15, 18, and 24 months.
Deposits in the national currency with interest paid at the end of the period with the right of replenishment. The minimum replenishment amount is UAH 100. Such deposits are accepted for the periods of 6, 9 months, 12 months and 3 days, 15, 18, and 24 months.

In foreign currency:

Deposits in foreign currency (US dollars, Euros) with interest paid at the end of the period without the right of replenishment. Such deposits are accepted for the periods of 2, 3, 6, 9 months, 12 months and 3 days, 15, 18, and 24 months.
Deposits in foreign currency (US dollars, Euros) with interest paid on a monthly basis without the right of replenishment. Such deposits are accepted for the periods of 2, 3, 6, 9 months, 12 months and 3 days, 15, 18, and 24 months.
Deposits in foreign currency (US dollars, Euros) with interest paid at the end of the period with the right of replenishment. The minimum replenishment amount is 100 conditional units. Such deposits are accepted for the periods of 6, 9 months, 12 months and 3 days, 15, 18, and 24 months.

Eurodollar Deposit. Upon written application of the Depositor, the amount of the Deposit and interest accrued thereon may be paid converted into one of the currencies (US dollars or Euros) using the NBU rate valid as of the date of repayment of the Deposit and interest accrued thereon, without any commission charged for the conversion transaction. Such deposits are accepted for the periods of 12 months and 3 days, and 24 months.

•Is there a possibility of automatically extending the deposit period?

Automatic extension of “Pravex-NONSTOP” deposit is possible, since the possibility of its validity period is provided for in contract terms and conditions. Renegotiation of banking deposit is not required. Extension of the banking deposit contract validity is performed automatically, without client’s presence. The client can also refuse from deposit extension, after applying to branch with application on refusal from extension, before the 20th day

•Can I make an on-demand deposit in your Bank, with the possibility of withdrawing money at any time? So that other people (organizations) can place money on this account without my participation — simply by the account number.

PRAVEX-BANK offers reliable and flexible solution for those who are eager to manage their savings in a free way getting profit at the same time. PRAVEX-Record is your current account with a steadily growing interest rate! Interest is accrued on the average weekly balance of the previous week. First interest accrual starts at the initial annual interest rate. If your account balance is not less than UAH 500 (USD or EUR 50), the interest rate is growing up. If the sum on account is less than the minimum required, the interest rate keeps flat but you keep getting the profit according to the current level of interest rate. And as soon as the balance reaches UAH 500 (USD or EUR 50), the interest rate starts growing again!

As an alternative for on-demand deposit with high interest rate, it is possible to draw up “Pravex-NONSTOP” deposit, recently presented to consumers’ attention, with automatic monthly extension of banking deposit contract validity period, possibility of replenishment and monthly payment of interests or capitalization of interests. Thus, the deposit is extended until the client needs the funds

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