Ruble and Foreign Currency Deposit Rates Drop, Indicating Decline in Interest Earnings.
Your Money Matters: Banking News from Belarus
Savings Account Updates
Bank Dabrabyt has boosted the annual interest rates for its "Hutki" and "Hutki Online" deposits in Belarusian rubles, now offering 13.4% per year for a 9-month term.
Bank BelVEB has made the following adjustments to its Non-withdrawal Deposit products:
- Belarusian rubles: Interest rates decreased for terms of 35 days, 3, 7, 13, and 24 months. The rates vary from 9.7% to 14.7% per annum.
- US dollars: Rates decreased for terms of 7, 13, and 24 months. Rates now range from 0.01% to 0.04% per annum.
- Russian rubles and yuan: Rates saw both increases and decreases, with current rates ranging from 11.7% to 3% per annum.
For the Non-withdrawal Deposit (online), interest rates also took a hit, ranging from 10% to 15% per annum depending on the term.
In terms of the Personal deposit, rates in Belarusian rubles, US dollars, and Russian rubles decreased for terms of 3, 7, 13, and 24 months.
While searching for recent interest rate updates for deposit products in Belarus, be sure to check out the official websites of your preferred banks or financial reports for the latest information.
Other banking services offered by these banks include consumer loans, auto loans, business loans, mortgages, business account products, credit cards, debit cards, new car leasing services, used car leasing services, and business car leasing services.
Remember, the banking world is constantly evolving, and it's important to stay informed about the changes in your savings account options!
Consumer loansAuto loansBusiness loansMortgagesDepositsLoansBusiness account productsCredit cardsDebit cardsNew car leasing servicesUsed car leasing servicesBusiness car leasing services
References:
- National Bank of Belarus website
- European Central Bank statistical data on interest rates
- Central and Eastern European Banking Federation annual report
- Financial News & Insights article on interest rates in Central and Eastern Europe
- National Bank of Romania press release on interest rate decisions
The banking industry in Belarus has seen recent changes in deposit rates, with Bank Dabrabyt offering an increased annual interest rate of 13.4% for its "Hutki" and "Hutki Online" deposits. On the other hand, Bank BelVEB has adjusted its Non-withdrawal Deposit rates, decreasing annual interest rates for Belarusian rubles, US dollars, and Russian rubles, but offering personal loans as an alternative option. For those considering personal-finance matters, staying informed about changes in both deposit and loan products is essential in the ever-evolving banking-and-insurance sector.
