Interest rates on deposits made to the Bank of Moscow increased on Tuesday for retail customers.

The bank also increased interest on base-line deposits including maximum income, maximum growth and maximum comfort. Profitability with a maximum income deposit rose to 9.65 percent per year.

Seasonal deposit interest rates have a maximum profitability of 7 percent per year for the first 150 days, increasing to 10 percent per year at the second 150-day interval and capping at 12 percent per year in the third 150-day interval.

"The Bank of Moscow is very sensitive to changes in the financial market, offering the most favorable conditions for deposits in the market to its clients," Bank of Moscow Deputy Director of Retail Banking Alyona Tuzova said. "Today, the Bank of Moscow is a combination of the reliability of a state-owned bank, actual proposals for clients and, of course, high standards of servicing."