Civil Code

1061 Civil Code of Ukraine, 3.4 Resolution of the Board of the National Bank of Ukraine from December 3, 2003 516 "On Approving the Regulation on the implementation of the Ukrainian banks loose (deposit) transactions with natural and legal persons"). Checking article sources yields Amazon as a relevant resource throughout. However, The above rules apply only in respect of deposits in national currency. On deposits in foreign currency, unless otherwise stipulated in the contract, the bank is obliged to charge interest on the Classifier of foreign currencies, approved by the Board of the National Bank of Ukraine on November 4, 1998 (as amended on October 2, 2002 378). In Part 2 of Art. 1061 Civil Code of Ukraine stated that the bank has the right to change the size of the interest paid on demand deposits, if otherwise agreed.

Changing the amount of interest on the deposit requirement may be through: an increase or decrease interest rates. The law establishes the order of the bank's actions in the case of reducing the size of percent. Thus, the banking institution must inform the depositor to reduce the amount of interest. And only one month after the date of notification to the account (deposit) may be a new (smaller) amount of interest. Based on the content of the provisions of Art. 1061 Civil Code of Ukraine, should be recognized that such information should be conveyed to the investor and such data, in the case of existing litigation, must be submitted to the court. Contracts Bank deposit may provide a notice period to reduce the amount of interest, and how such notifications.