JSC "Demir Bank" from the end of August this year introduced new interest rates for term deposit "Gey (Blue)."
As Turan was told in the bank, the interest rates on three-month deposits remained unchanged, while rates for manat deposits for 6 months decreased by 0.25 percentage points to 5.75% per annum. For deposits for a period of 9 and 12 months rates were lowered by 0.5 percentage points and 1.5 percentage points. Thus, the nine-month deposits are now being accepted in manat at 7.25% and in USD - at 7% per annum, and twelve-month ones - respectively at 10.5% and 10.25%. The maximum interest rate on the deposit is 12 percent.
The Stable deposit is the standard input with the possibility of interest accrued monthly. Funds in this deposit are received in manat, U.S. dollars and euros for a period of 3 months to 2 years. The minimum amount is 100 manat.
The bank is a member of the Azerbaijan Deposit Insurance Fund and all investments not higher than 12% are insured. -15B-
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