Deposits
Deposit term – Minimum 12 months (automatically extended)
No interest is paid for contracts with a term of up to 30 calendar days
Deposit amount – Minimum 100 AZN/USD
Interest payment – Upon withdrawal of the deposit amount
According to Article 102.1.22 of the Tax Code, starting from February 1, 2023, a 10% tax will be deducted from deposit interest income of individuals.
Bank deposits are one of the most effective ways to manage cash securely and systematically. A non-term deposit account offers both flexibility and the opportunity for interest income, providing a responsive solution to financial needs. Through this deposit, you can add or withdraw funds at any time and place deposits without any time restrictions. A deposit account represents one of the most stable steps in the investment journey. The minimum deposit amount for these accounts is 100 AZN or 100 USD, and they are offered in both AZN and USD currencies. Interest rates may vary depending on the selected currency. Additionally, interest income is paid only upon withdrawal of funds. The minimum term established for deposit accounts is 12 months, and once this term ends, it is automatically renewed by the system. If a depositor does not request repayment at the end of the term, then the deposit is renewed based on the current rates and terms. To experience the convenience of successful money management with a non-term deposit account, you can visit our nearest branch or seek support through online channels.