The Bank of Moscow announced on Tuesday that it is offering an additional one percent above the basic interest rate on deposits through the end of April.

Customers can choose any term of deposit between 366 and 547 days to receive the bonus interest rate.

The bank's maximal deposit is a type of deposit for customers interested in the most effective returns.

"The deposit maximal profit is traditionally highly popular with our customers largely due to availability of accrued interest and an individual choice of deposit term," Natalia Konovalova, the vice president of the retail products department for Bank of Moscow, said.

The deposit provides monthly interest rate capitalization and allows free access to the interest at any time.

"Improving price parameters for the most demanded term, we make the deposit attractive both for new and for existing customers," Konovalova said. "Combined with the reliability of a state bank these conditions are among the best offers at the market."