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News - 25.5.2006 | Read all news
The System of Building Savings | Hanna Žarabcova

JSSB “Belarusbank” introduces from June, 1 2006 a system of building savings.

The system comprises two stages. The first one is the period of accumulating personal savings, the second one – that of crediting. The depositor is allowed to choose the option of saving (three, five or seven years) and determine the sum, which he intends to invest in building or purchasing the housing.

When the term of saving is over the bank grants the depositor a credit for the sum stipulated for by the agreement on more favorable terms than the current terms of crediting. All those willing are entitled to such credits regardless of the fact whether they are in need of improving their living conditions.




   
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