Monday, December 18, 2017

UBRD shows improved business deposit rates

The Ural Bank for Reconstruction and Development (UBRD) has shown improved rates thanks to its new system for processing business deposits.

UBRD now uses MosPrime for small business deposits. As of Tuesday, UBRD has processed approximately $8,000 U.S. worth of deposits.

MosPrime calculates interest rates each day. It then multiplies the figure by a factor determined by the duration of the fund and by the amount.

This is an important change because the market rate changes daily.

This makes banking much simpler for entrepreneurs, who would no longer need to compare the rates of multiple banks before choosing where to make a deposit.

The new system has made it more affordable for people to deposit their money. It is also more profitable for the bank.

To apply to UBRD for a registration deposit, go to the official MosPrime website.

Organizations in this story

Ural Bank of Reconstruction and Development 67 Ul. Sacco and Vanzetti Yekaterinburg

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