117

Accumulation

Plan your future today! Earn more with minimal capital.

Table

Period AZN USD EUR*
12 month 8 % - -
Period AZN USD EUR*
12 month 7 % - -

Additional information

— Depozit principal amount : 50 AZN;
— Period: 12 ay;
— Increase of principal amount provided;
— Minimal amount of increase : 10 AZN;
— Interest Accumulation Scheme: Compound Interest. Interest accrued on the principal amount as well as on the previously accrued interest amount;
— Interest accumulation: on maturity;
— When the deposit expires, it is automatically extended for a period equal to the main one;
— Upper limit of the annual interest rate on insured deposits is 12% in national currency and 2.5% in foreign currency;
— Terms of deposit insurance;
— Bonus is payable if a customer supplements its depozit principal amount with additional funds on a monthly basis during the term of the deposit agreement;
— If the amount of deposits for 1 customer is more than 1 million, a deposit can be opened only with individual interest;
— According to the AR Tax Code, after 01.02.2023, 10% of the annual interest income paid on savings and card balances is taxed.

e) If the deposit expires up to 0-90 days, the withdrawal of the deposit will be with the annual interest rate 0(zero);

f) If the deposit expires up to 91-180 days, the withdrawal of the deposit will be at an interest rate of 20% of annual interest rate;

g) If the deposit expires up to 181-360 days, the withdrawal of the deposit will be at an interest rate of 30% of annual interest rate.

General info
— Depozit principal amount : 50 AZN;
— Period: 12 ay;
— Increase of principal amount provided;
— Minimal amount of increase : 10 AZN;
— Interest Accumulation Scheme: Compound Interest. Interest accrued on the principal amount as well as on the previously accrued interest amount;
— Interest accumulation: on maturity;
— When the deposit expires, it is automatically extended for a period equal to the main one;
— Upper limit of the annual interest rate on insured deposits is 12% in national currency and 2.5% in foreign currency;
— Terms of deposit insurance;
— Bonus is payable if a customer supplements its depozit principal amount with additional funds on a monthly basis during the term of the deposit agreement;
— If the amount of deposits for 1 customer is more than 1 million, a deposit can be opened only with individual interest;
— According to the AR Tax Code, after 01.02.2023, 10% of the annual interest income paid on savings and card balances is taxed.
Premature withdrawal of deposit

e) If the deposit expires up to 0-90 days, the withdrawal of the deposit will be with the annual interest rate 0(zero);

f) If the deposit expires up to 91-180 days, the withdrawal of the deposit will be at an interest rate of 20% of annual interest rate;

g) If the deposit expires up to 181-360 days, the withdrawal of the deposit will be at an interest rate of 30% of annual interest rate.

General info
— Depozit principal amount : 50 AZN;
— Period: 12 ay;
— Increase of principal amount provided;
— Minimal amount of increase : 10 AZN;
— Interest Accumulation Scheme: Compound Interest. Interest accrued on the principal amount as well as on the previously accrued interest amount;
— Interest accumulation: on maturity;
— When the deposit expires, it is automatically extended for a period equal to the main one;
— Upper limit of the annual interest rate on insured deposits is 12% in national currency and 2.5% in foreign currency;
— Terms of deposit insurance;
— Bonus is payable if a customer supplements its depozit principal amount with additional funds on a monthly basis during the term of the deposit agreement;
— If the amount of deposits for 1 customer is more than 1 million, a deposit can be opened only with individual interest;
— According to the AR Tax Code, after 01.02.2023, 10% of the annual interest income paid on savings and card balances is taxed.
Premature withdrawal of deposit

e) If the deposit expires up to 0-90 days, the withdrawal of the deposit will be with the annual interest rate 0(zero);

f) If the deposit expires up to 91-180 days, the withdrawal of the deposit will be at an interest rate of 20% of annual interest rate;

g) If the deposit expires up to 181-360 days, the withdrawal of the deposit will be at an interest rate of 30% of annual interest rate.

Calculator

month
Total amount
0 AZN
Annual interest
0%

Deposit guaranteed loan

— The amount – max 80% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency/ + 3% in foreign currency.
— The payment timetable – annuity-based.
— Term: maximum up to the end of the deposit

*1% loan processing fee is charged for the deposit guaranteed loan.
— The amount – max 80% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency/ + 3% in foreign currency.
— The payment timetable – free.

The making-out fee for a loan secured by a deposit – 1% in accordance with the credit procedure
— The amount – max 60% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency (when in AZN: min 12%) / +3% in foreign currency.
— With a condition of no more than 20,000 AZN. 
— Term: maximum until the end of the deposit term (max. no more than 24 months). 
— Card price: free.


The making-out fee for a loan secured by a deposit – 1% in accordance with the credit procedure
Annuity-based cash loan
— The amount – max 80% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency/ + 3% in foreign currency.
— The payment timetable – annuity-based.
— Term: maximum up to the end of the deposit

*1% loan processing fee is charged for the deposit guaranteed loan.
Cash Loan with a free timetable
— The amount – max 80% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency/ + 3% in foreign currency.
— The payment timetable – free.

The making-out fee for a loan secured by a deposit – 1% in accordance with the credit procedure
Card Loan
— The amount – max 60% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency (when in AZN: min 12%) / +3% in foreign currency.
— With a condition of no more than 20,000 AZN. 
— Term: maximum until the end of the deposit term (max. no more than 24 months). 
— Card price: free.


The making-out fee for a loan secured by a deposit – 1% in accordance with the credit procedure
Annuity-based cash loan
— The amount – max 80% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency/ + 3% in foreign currency.
— The payment timetable – annuity-based.
— Term: maximum up to the end of the deposit

*1% loan processing fee is charged for the deposit guaranteed loan.
Cash Loan with a free timetable
— The amount – max 80% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency/ + 3% in foreign currency.
— The payment timetable – free.

The making-out fee for a loan secured by a deposit – 1% in accordance with the credit procedure
Card Loan
— The amount – max 60% of the deposit amount.
— The annual rate of interest – the rate of interest of your deposit + 3% in national currency (when in AZN: min 12%) / +3% in foreign currency.
— With a condition of no more than 20,000 AZN. 
— Term: maximum until the end of the deposit term (max. no more than 24 months). 
— Card price: free.


The making-out fee for a loan secured by a deposit – 1% in accordance with the credit procedure

UTM and branch network

Addresses of branches and UTMs, as well as working hours and other detailed information.

Read more

Have a question?
Contact us!

Contact an online consultant, 117 Call Center or bank branches and get answers to your questions. Fast and easy!

Read more

Search

Products
News
Other