News of the Bank

PRAVEX-BANK launches three new products

PRAVEX-BANK introduced three new products for saving and accumulating of money funds: "Pravex-NonStop", "Pravex-Express", "Pravex-Record". Each one of them has its own advantages.

"Pravex-NonStop" is a type of deposit for a period of 1 month, which is automatically extended for the next month. Interests accrued are added to the amount of savings every month and capitalized. At that, the client does not have to do any additional actions: go to the bank branch, close the old account, open the new one… In order to refuse from automatic extension of deposit and to withdraw his/her money funds, the client only has to inform the bank branch by the 20^th day of month, and he/she will receive the whole amount with the accrued interests the first day of the next month. The client also has the opportunity to replenish his/her deposit account during the whole period of contract validity.

Advantage of this deposit is also the fact that if money funds are saved on account for more than 12 months, the client will get a bonus interest on top to the standard interest rate. Deposit rates on this product amount to: 19% p.a. in UAH, 11% — in USD, 10% — in euro. Bonus interest is: 2% — in UAH or 1% — in USD and euro..

"PRAVEX-EXPRESS" — deposit for the period of 6 months. Within that type of deposit, the client receives interests on the deposit already at the day of its drawing up (in advance) and therefore he/she can use the profit immediately, while money funds are kept in safe place. Rates on this deposit amount to: 20% p.a. in UAH, 10% — in USD, 9% — in euro.

"PRAVEX-RECORD" — special type of current account, on which interests are accrued at the constantly increasing rate. The interest rate increases every week until it reaches its maximum in one year — 15% p.a. in UAH, 5% p.a. in USD and euro. This product allows the customer not only to use freely his/her money funds on the account but also to receive payment of increasing interests weekly.

As a result, each of the proposed products, in combination with reliability and stability of PRAVEX-BANK (Bank of Intesa Sanpaolo Group), provides the clients not only with wide choice in the line of deposit products but also with confidence in safety and accumulation of money funds.

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