Rouble exchange rates persistently decrease.
So, we're diving into the fine print of bank savings on the Belarusian ruble scene!
Let's take a look at some changes at our local banks:
Sber Bank
They've tweaked the interest rates on their Belarusian ruble deposits like so:
- "Save without withdrawal in BYN Online" - down by 0.46 percentage points to a solid 15.29% annually for the option with a term of 366-549 days;
- "Save without withdrawal in BYN" - takes a minor dip of 0.21 pp and settles at the same rate of 15.29% annually.
TechnoBank
Their ruble deposit rates have shifted a bit:
- "Treasure" - gets a slight boost of 0.09 pp and sits pretty at 15.29% annually;
- "Perspective" - loses 0.71 pp and finds itself at the same annual rate of 15.29%;
- "Reliable Hoard" - sees a dip of 0.45 pp and lands at 15.25% annually.
Be aware: The information provided here reflects the current banking landscape as of the day this piece was published
Contemplating other financial products? Scope out consumer loans, auto loans, and even business loans, mortgages, deposit options, loans, business account products, credit cards, debit cards, fresh auto leasing services, used auto leasing services, business auto leasing services, and more! Remember, for the juiciest financial scoop on Sber Bank or TechnoBank, it's best to touch base with them directly or visit their official websites.
Also, the National Bank of Belarus offers a glimpse into the average interest rates for credit and deposit products within the nation's banking sector, which could give you a broader idea of market trends[2].
Your Financial Explorer,Mikhail SvetlovJournalist
The adjustments made by Sber Bank and TechnoBank in their Belarusian ruble deposit rates impact the finance sector and local businesses, as they alter savings options for individuals and businesses. For instance, Sber Bank's "Save without withdrawal in BYN Online" now yields a lower interest rate of 14.83% annually, while TechnoBank's "Reliable Hoard" offers a reduced rate of 14.75% annually.
