Sber has launched a deposit in dirhams of the United Arab Emirates (UAE) with a maximum rate of up to 2.02%, the press service of the credit institution said.
"Since May 24, Sberbank has launched a new deposit - in the dirhams of the United Arab Emirates. The maximum rate on the deposit "Deposit in dirhams" including capitalization will be 2.02% per annum. The interest income depends on the amount and term of the deposit," the bank said.
It is noted that the dirham deposit can be made for 1, 3, 6 or 12 months, with interest accrued monthly. The minimum deposit amount is 5,000 dirhams.
"Over the past year, we have been witnessing the process of dedollarization and increase in customer demand for alternative currencies. People are looking for new tools to save money. Our customers can already open savings accounts in dirhams and buy or sell UAE cash currency. Now we offer saving in dirhams on time deposits, because we are interested in providing our clients with the best conditions for portfolio diversification", noted Director of Borrow and Save Division of Sberbank Sergey Shirokov.
Earlier Zenit Bank announced launching of dirham accounts for retail clients, which allows them to store and transfer funds by account details, conduct conversion transactions with the UAE currency.
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Photo: Sberbank
Based on materials from TASS