Piraeus Bank launched a new product - "Deposit with replenishment " with the possibility to receive accrued interest on a monthly basis or at the end of the term of the deposit, states the press service of the Bank with reference to the Retail Banking Department. All clients can open deposit starting from September 1, 2014.

Bank clients may open deposit with replenishment for the period of three, six or twelve months. Minimum amount of replenishment for one month is 500 UAH or 50 USD / EUR, maximum - 10 thsd. UAH or 1 thsd. USD / EUR.

"Based on the research of the fundamental interests of our clients, we developed a new deposit, which combines favorable conditions of the deposit and also allows customers to accumulate savings, with the ability to replenish deposit account, - said Katerina Vinnitskaya, Deputy Director Retail Banking Department. – We are confident that with the possibility to replenish deposit will be popular and required among our clients. Thus, after replenishment of the deposit during its tenor, money remain on account for less period though interest rate is rather high".

Depending on the tenor and the deposit currency interest rate may reach 18.5% in local currency, 6.25% in USD and 4.5% in euro. A complete list of interest rates on deposits with replenishment for individuals can be found here.

Earlier Piraeus Bank reported confirmation level of deposits reliability by rating agency "Credit Rating".