Sovcombank, which fell under Western sanctions, introduced a ruble deposit at 23% per annum. Such a proposal appeared after the announcement of raising the key rate of the Bank of Russia to 20% per annum. On the website of Sovcombank, the terms of the deposit are indicated – 90 days.
Note that only recently Russian banks have begun to offer deposits of 10% or more. This happened for the first time in the last five years.
The offer of the bank is discussed in social networks. At the Banking Technologies Forum in Yekaterinburg, participants recall that in 2014, when the Central Bank also sharply raised the rate to 17%, Sovcombank offered deposits for three months at 25% per annum, for six months at 22% per annum. It was the best offer in Yekaterinburg, and in order to place funds on such terms, the townspeople had to stand in a two-day queue.
Sovcombank came under US sanctions in connection with Russia’s military operation in Ukraine. This is one of the backbone banks in Russia, the third largest private bank in the country in terms of assets. Bank-issued cards cannot be used to pay abroad, as well as through Apple Pay, Google Pay and Samsung Pay services. Currency transfers abroad are not available in the Halva-Sovcombank mobile application and in bank branches. Money transfers through Western Union and Zolotaya Korona systems are not carried out.
