• Minimum amount: 0 AZN (No minimum amount is required to open or top up "Topla");
• Maximum savings amount: the total limit per customer is 200 000 AZN;
• Up to 3 active "Topla" can be held at the same time for each term (1/3/6/9/12 months);
• Top-up: "Topla" can be topped up via UBank. An automatic top-up feature is also available;
• Round-up feature: for payments made via POS terminal, the payment amount can be rounded up within the range of AZN 1–10, with the difference automatically transferred to "Topla";
• Accrual of interest: Interest accrues daily and is not capitalized. The accrued interest is transferred to the account in full when "Topla" is closed, but only if the set goal (term and amount) has been reached;
• Withdrawal of the amount: at any time (without fee);
• Upper limit of the annual interest rate on insured deposits is 12% in national currency and 2.5% in foreign currency;
According to the AR Tax Code, after 01.02.2023, 10% of the annual interest income paid on savings, "Topla" and card balances is taxed. According to the legislation, after 01.01.2024 certain privileges is applied in taxing. Details
here.
If to break "Topla" before reaching the goal, the interest will be calculated as follows:
Free Term:
If Topla has actually lain up to 0-30 days, the withdrawal will be at an interest rate of 100% of the annual interest rate
3/6 month:If Topla has actually lain up to 0-30 days, the withdrawal will be with the annual interest rate 0(zero);
If Topla has actually lain up to 31-90 days, the withdrawal will be at an interest rate of 20% of the annual interest rate;
If Topla has actually lain up to 91-180 days, the withdrawal of the deposit will be at an interest rate of 30% of annual interest rate.
9/12 month:
If Topla has actually lain up to 0-90 days, the withdrawal will be with the annual interest rate 0(zero);
If Topla has actually lain up to 91-180 days, the withdrawal will be at an interest rate of 20% of the annual interest rate;
If Topla has actually lain up to 181-360 days, the withdrawal of the deposit will be at an interest rate of 30% of annual interest rate.
