Bank Technique pays part of the interest on the deposit upfront

JSC Bank Technique, while continuing to work on new products, announces a new form of deposit - Smart. The minimum deposit is 100 manats or U.S. dollars, and is invested for a period of 12, 24 , 48 or 60 months.

Feature of this product is the ability to pay of the interest charged in advance. So, depending on the term, the investor who opened this deposit can be paid from 30 to 50% of the accrued amount on the day of placement of funds in the bank , the rest is paid at maturity. Getting percent upfront allows the investor to use the funds for personal purposes, or re-invest them in the bank to increase the amount of deposits , and as a result the interest on them .

The funds invested by these deposits are guaranteed by the Deposit Insurance Fund of Azerbaijan. Besides, the money from the deposit, if necessary, may be withdrawn at any time, and even in this case the interest is calculated. The deposit can be placed either through service points of the Bank, or remotely, via My Account. Depositors, who have opened a deposit Smart, are given credit card and travel insurance package.

To date, the Bank's services are provided through 32 branches and 6 branches in Baku and regions of Azerbaijan. -15D -