OTP Bank Implemented a 5% p.a. interest rate on accounts’ balances for Pension and Social Cards

14/ 09/ 2022

OTP Bank has implemented a 5% p.a. interest rate on account balances for all Visa Osoblyva pension cards and Mastercard social cards since September. It means additional income for the Bank`s clientele over their card accounts balanced up to UAH 50,000. We understand that for a pensioner or a social benefits recipient, any possible type of income is important, especially in this extremely difficults period, there are no small amounts for them. So we decided to give such clients the opportunity to obtain additional funds simply and without additional efforts, only under the condition that they keep a certain amount on their pension or social account, Oleg Klymenko, a Board member for the development of retail business of OTP Bank, commented on the innovation.

OTP Bank has implemented a 5% p.a. interest rate on account balances for all Visa “Osoblyva” pension cards and Mastercard social cards since September.

It means additional income for the Bank`s clientele over their card accounts balanced up to UAH 50,000.

“We understand that for a pensioner or a social benefits recipient, any possible type of income is important, especially in this extremely difficults period, there are no small amounts for them. So we decided to give such clients the opportunity to obtain additional funds simply and without additional efforts, only under the condition that they keep a certain amount on their pension or social account,” Oleg Klymenko, a Board member for the development of retail business of OTP Bank, commented on the innovation.