Periodic Earning Deposit
You can get both monthly and quarterly income by turning your savings into deposit. Furthermore, the amount of your deposit will be fixed. Therefore, you will be able to step more decisive with your fixed income.
|
Deposit with Monthly Interest Payment |
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|
Period |
Amount |
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|
1000 – 5,000,000 |
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|
AZN |
USD |
EUR |
|
|
3 month |
2,00% |
0,05% |
0,05% |
|
6 month |
3,00% |
0,05% |
0,05% |
|
9 month |
3,75% |
0,10% |
0,05% |
|
12 month |
4,75% |
0,15% |
0,05% |
|
24 month |
4,75% |
0,20% |
0,05% |
|
36 month |
4,75% |
0,25% |
0,05% |
|
Deposit with Quarterly Interest Payment |
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|
Period |
Amount |
||
|
1000 – 5,000,000 |
|||
|
AZN |
USD |
EUR |
|
|
6 month |
3,25% |
0,05% |
0,05% |
|
9 month |
4,00% |
0,10% |
0,05% |
|
12 month |
5,00% |
0,15% |
0,05% |
|
24 month |
5,00% |
0,20% |
0,05% |
|
36 month |
5,00% |
0,25% |
0,05% |
** INFORMATION ABOUT THE INSURANCE
According to the Decision of the Board of Trustees of the Azerbaijan Deposit İnsurance Fund, maximum limit of the interest rates for the bank deposits insured by the Fund has been defined up to 12% annual for AZN deposits , and up to 2.5% annual for the deposits in foreign currency. From April 5, 2021, in case of insurance event, payment of compensation will be considered in the amount of 100 percent of the insured deposit in each participating bank, but not more than 100 (one hundred) thousand manats
· From February 1, 2023 the annual interest income paid for the deposit of individual customers will be subject to income tax according to the Tax Code
