Minimum balance requirements

Minimum balance is a product for legal entities that provides an opportunity to receive additional income on the balance of funds in the current account.

Bank Uralsib has a special offer for existing homeowners' associations and other specialized consumer cooperatives. This is an opportunity to earn additional income on the balance of funds held in a special account for accumulating funds for capital repairs for homeowners' associations and other specialized consumer cooperatives through interest accrual on a minimum or fixed balance of funds, at a rate of 3.5% per annum.

For a group of related companies, it is possible to take into account the total balance in the accounts (provided that all Current account Services are maintained at one branch of the bank). In this case, interest is accrued on the aggregate minimum balance and paid to the accounts of the organizations from the client's group of companies in proportion to the average balances in their accounts over the placement period.

Detailed information on placing the company's funds in special accounts with Bank Uralsib can be obtained from your client manager or at any branch of the bank.