Deposit Growing No.1
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DepositCurrency
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Belarusian rouble, Euro, US dollars
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Minimum Deposit Amount
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1,000,000 Belarusian roubles/500 Euros/500 US dollars
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Maturity
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From 30 to 365 days.- Belarusian roubles
From 93 to 365 days- Euros, US dollars
The Depositor can choose the day of deposit maturity.
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Deposit Operation
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Additions are possible.
Minimum amount of an addition is 300,000 Belarusian roubles/100 EUR/100 US dollars.
Additions both in cash and non-cash are possible
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Interest Rate
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Depends on the amount and term of the deposit. ( Table 1)
1) Floating. The interest rate is bound to the refinancing rate of the National Bank of the Republic of Belarus.
In case of refinancing rate change within the period of deposit interest shall be calculated at a new rate as from the date of the change inclusively.
2)Soaring (i.e. increasing when the deposit amount increases and when the deposit totals to the amount for which a higher rate has been established for the equivalent term).
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Periodicity of Interest Accrual and Payment
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At the option of the Client:
Monthly interest accrual and payment
Monthly interest capitalization
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Procedure of Deposit Amount Payment
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The deposit amount shall be paid out on the day of maturity or on the day of pre-term termination (in case of pre-term termination).
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Early termination of the Agreement by Depositor
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It shall be carried out upon presentation of the written application for early termination to the Bank. In case of early termination the deposit interest shall be paid out at the rates according to Table 2. Liabilities of the Bank in respect of the deposit amount repayment due to early termination are reduced by credit to the difference amount of the interest accrued and that subject to settlement.
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Procedure of Revocation of Deposit Part
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Not provided for
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Automatic Prolongation Upon deposit period
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Deposit shall be prolonged automatically for the period equivalent to the initial deposit period at an interest rate and under conditions in force at the moment of prolongation for this deposit. If at the moment of the deposit maturity the acceptance of such deposits has been terminated the deposit amount shall be repaid to the Depositor.
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Table 1. Interest on Deposit
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Deposit Period (Days)
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Amount of Deposit
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30-92
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93-185
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186-275
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276-365
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inBelarusian roubles
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Interest Rate, per Annum
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1,000,000-4,999,999
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RF*
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RF+1p.p**
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RF+2p.p
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RF+3p.p
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5,000,000-9,999,999
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RF+1p.p
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RF+2p.p
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RF+3p.p
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RF+4p.p
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10,000,000-19,999,999
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RF+2p.p
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RF+3p.p
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RF+4p.p
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RF+5p.p
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20,000,000 and more
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RF+3p.p
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RF+4p.p
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RF+5p.p
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RF+7p.p
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inUS dollars, Euro
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Interest Rate, per Annum
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500-4,999
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-
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6
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6,5
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7
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5,000-9,999
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-
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6,5
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7
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7,5
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9,000 and more
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-
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7
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7,5
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8
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Table 2. Conditions of Early termination
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Actual Deposit Period (Days)
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Amount of Deposit
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0-29
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30-92
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93-185
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186-275
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276-365
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inBelarusian roubles
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Interest Rate, per Annum
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1,000,000-4,999,999
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0.5
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RF-11,5 p.p
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RF-11 p.p
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RF-2 p.p
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RF-1 p.p
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5,000,000-9,999,999
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0.5
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RF-11 p.p
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RF-10,5 p.p
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RF-1%
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RF
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10,000,000-19,999,999
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0.5
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RF-10,5 p.p
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RF-10 p.p
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RF
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RF+1 p.p
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20,000,000 and more
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0.5
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RF-10 p.p
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RF-9,5 p.p
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RF+1 p.p
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RF+2 p.p
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inUS dollars, Euro
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Interest Rate, per Annum
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0-92
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93-185
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186-275
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276-365
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500-4,999
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0,5
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3.5
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3,7
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5
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5,000-9,999
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0,5
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3,7
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4
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5,5
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10,000 and more
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0,5
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4
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4,2
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6,5
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* PF - the refinancing rate of the National Bank of the Republic of Belarus
**p.p - percentage points
Agreement of term bank deposit of an individual. ( 120Kb)
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