Saving Deposit
By depositing the savings you make each month, you can increase your earnings. For this purpose, Yapı Kredi Bank Azerbaijan offers you the Savings Deposit product.
| At the End of the Term | |||
|---|---|---|---|
| Term | Amount | ||
| 1000 – 5,000,000 AZN | 1000 – 5,000,000 USD | 1000 – 5,000,000 EUR | |
| 6 Months | 2.75% | 1.00% | 0.05% |
| 9 Months | 3.50% | 1.10% | 0.05% |
| 12 Months | 4.50% | 1.25% | 0.05% |
| 24 Months | 4.50% | 1.25% | 0.05% |
| 36 Months | 4.50% | 1.25% | 0.05% |
Note
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In case of early withdrawal, the deposit will earn an annual interest rate of 0.05%.
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Interest is paid at the end of the term.
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The deposit amount can be increased in a single payment, with a minimum of 5 AZN.
INFORMATION ABOUT INSURANCE
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By the resolution of the Board of Trustees of the Azerbaijan Deposit Insurance Fund, the maximum annual interest rates on bank deposits insured by the Fund are set at up to 12% for deposits in AZN and up to 2.5% for deposits in foreign currency. As of April 5, 2021, in the event of an insurance case, compensation will be paid in the amount of 100% of the insured deposit in each member bank, but not exceeding 100 (one hundred) thousand AZN.
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Starting from February 1, 2023, annual interest income earned on deposits of individuals is subject to income tax in accordance with the Tax Code.
* The amount specified in the above table refers to the total sum of all deposits placed by the customer at Yapı Kredi Bank