Commercial Bank of Azerbaijan has offered its clients new type of deposit "TƏTİL".
A source from the bank said that each client of the bank that placed money into this deposit will be paid interests beforehand. Thus, if clients placed as minimum 5000 AZN/USD/EUR on this deposit, they will be paid 5% interest rate for 3 months, 7% for 6 months and 10% for 12 months beforehand.
The deposit interest rate is calculated on the following formula:
3 months – 100,000 AZN x 5%/12 months x 3 months = 1250 AZN
6 months – 100,000 AZN x 7% / 12 months x 6 months = 3500 AZN
12 months – 100,000 AZN x 10% = 10,000 AZN
The service is available at the branch offices of Bank of Azerbaijan in Baku, Lenkoran, Guba, Sheki, Nakhchivan, Ujar, Yevlakh, Zardab and Sumgait.
Bank of Azerbaijan is the member of the Deposit Insurance Fund. For additional information contact phone number 175.—0—
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