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"Bank of Baku" is presents new “Flexible” saving.
“Bank of Baku” is presents to its client the new “Flexible” deposit. Flexibility basically consists that depositor can any time withdraw full or half of money, besides to receive profit under the good interest rate.
The “Flexible” deposit was created corresponding to the bank’s strategy of product development with aim to cover the segments of the market that “Dynamic” does not.
In spite of similarity of many conditions, the contribution "Flexible" includes following advantages to the segment of clients: |
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“ Flexible ” saving |
« Dynamic » saving |
Target market |
The clients which has a high probability of early withdraw |
Other clients |
Term |
18 months |
1-60 months |
Payment of interest |
At withdraw or at the end of term |
Monthly or at the end of the term |
Opening balance |
AZN/USD/EUR 500 |
AZN/USD/EUR 100 |
Increasing of amount |
Not allowed |
Not allowed |
Decreasing the amount |
Minimum AZN/USD/EUR 500 (Amount could be decreased till AZN/USD/EUR 1000 ) |
Minimum AZN/USD/EUR 100 (Amount could be decreased till 100 AZN/USD/EUR ) |
Other conditions |
Same |
Same |
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Account currency |
AZN/USD/ EUR |
Term |
18 months |
Payment of interest |
At withdraw or at the end of term ( at withdraw before two months percent are not paid) |
Opening balance |
AZN/USD/EUR 500 |
Maximum amount |
No limitation |
Interest rate |
AZN/USD – 15%, EUR – 10% (Please refer to our Interest rate table at withdraw before maturity) |
Increasing of amount |
Not allowed |
Decreasing of amount |
Allowed |
Automatic extension of the term |
In accordance with interest rates used by the Bank as of the relevant date |
Extra benefits |
- 1. Where the amount of the deposit is equal or more than 1000 AZN/USD/EUR the customer may get a free of charge Visa Deposit Card, if the amount of deposit is equals at minimum AZN 10 000, then customer may get free MC Gold Card. When there remain N number of months to the date of expiration of the deposit term, Deposit card can be issued for a period of N+1 months.*
- Credit line equal to 80% of the savings account balance.
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Minimum amount of the credit is 500 AZN /USD, and of credit line is 1000 AZN/USD. Maximum amount for both credit and credit line is 100 000 AZN/USD.
Currency of the credit line is the same as the currency of the account.**
- Upon discretion of the customer, interest can be accumulated in card or non-card account.
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| * Where the customer receives any free-of-charge card and makes an application for an additional card, additional card will be issued subject to existing fees.
** Credit line for accounts in EURO is provided in Manats. In such a case, the amount of the credit line is determined with an assumption of placement of the state amount in EURO in Manats. |
| Additional Information
Review FAQ.
Please send us your queries related to this service or approach any branch or office of the Bank,
call in information centre under number 145 |
