"KIDS" DEPOSİT
Main advantage of “Kids” deposit – quarterly capitalization of interest
Currency: AZN, USD, EUR
Term of deposit: from 1 year to the time the child reaches 18
Minimum amount: 100 AZN / USD / EUR
Increasing the amount of deposit: at any time, min. 50 AZN / USD
Capitalization of interest: accrued interest is added to the principle amount of deposit and also charged interest on
Payment of interest: possibility of getting interest paid for the completed quarter
Participation in lottery campaign “Yubiley”
All deposits of minimum 1000 AZN / USD / EUR and with the minimum term of 12 months participate in the monthly lottery. The prizes include TOYOTA RAV4, a weekly trip for two to Prague, Vienna, Milan and Paris, and 15 video cameras Samsung. Details
Annual interest rates:Annual interest rates AZN 11% USD 10,5% EUR 4,8%
Deposit insurance
DemirBank is the member of Azerbaijan Deposit Insurance Fund that guarantees the insurance of deposits in DemirBank in compliance with “Deposit Insurance Law”.
Early withdrawal of deposit
At the depositor’s will the Bank shall at any time return the depositor the whole amount of deposit within 5 business days (usually the same day), that is reflected in the agreement between the bank and depositor.In such case the accrued interest is paid on the following terms:
- The depositor receives all the interest accrued for the previous years;
- The interest for the current year is recalculated and paid at 2% annual rate
If at the end of the term of agreement the deposit is not withdrawn, the deposit agreement is automatically extended and the deposit amount is transferred on the following conditions:
- If the amount is less than 100 AZN / USD / EUR – transferred to the current account
- If the amount is 100 – 500 AZN / USD – transferred to «Göy/Blue» deposit
- If the amount is 100 EUR and more – transferred to «Göy/Blue» deposit
- If the amount is 500 AZN / USD – transferred to «Sarı/Yellow» deposit
