Interest for the Average Monthly Balance of the Settlement Accounts

Interest for the Average Monthly Balance of the Settlement Accounts

  • Average monthly balance is calculated as a sum of all remaining balances on the Client’s settlement account in the morning of every calendar day of the month divided by the number of calendar days in the month.
  • The interest is accrued for the average monthly balance of the Client’s account according to the following procedure: 
  • The balance of the settlement account on days may vary from the average monthly balance; however, the balance not less than the average monthly balance must be deposited at the settlement account during 3 consecutive calendar days minimum.
  • Interest on the total balance is accrued under the addendum to the Bank Account Contract.

Average monthly balance range, Russian rubles

Interest rate (% per annum)

3,000,000 to 9,999,999

3.0

10,000,000 to 29,999,999

4.0

Exceeding 30,000,000

5.0