Muganbank Raised Interest Rates on Deposits
BAKU/11.09.13/TURAN : JSC Muganbank set high interest rates on savings . From now on, customers can deposit money for a period of 3 years . The maximum interest rate on deposits will be 14.0 % per annum.
Each depositor is issued a plastic card for free , for the calculation of interest and convenience of cash withdrawals .
The interest rate for the deposit "Exclusive" for a period of 12 months of 12% per annum with monthly withdrawal per cent, 12.2% and 12.3 % respectively in the seizure of every 3 and 6 months. If the interest on deposits for one year shall be withdrawn at the end of the term , the interest rate is 12.5 % per annum. All deposits placed for a period of 1 year , the minimum deposit is 1,000 AZN (USD).
For deposit "Aktiv +" for 24 months with interest payable monthly interest rate of 13.0 %. If the interest on deposits for 24 months are taken every 3 , 6 months and at the end of 12 months , the interest rate is 13.2 % , 13.3% and 13.5 %, respectively. The minimum amount is 500 AZN (USD).
Interest for the monthly , quarterly and semi-annual deposit withdrawal "Arsenal" for a period of 36 months will be 13.5% , 13.7 % and 13.8 %, respectively. The minimum amount is 500 AZN (USD). If interest deposits for a period of 36 months shall be withdrawn at the end of the deposit term , the interest rate will be 14.0% per annum. -15D -
Economics
-
On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
-
The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
-
Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
-
The historic city of Shusha, with its rich cultural heritage, hosted the International Day of Gastronomy on Thursday, a vibrant event organized by the State Tourism Agency, the Shusha City State Reserve, and the National Culinary Center. This event served as a bridge between various cultures and culinary traditions, showcasing the richness of the Islamic world's cuisine through the celebration of the iftar table.
Leave a review