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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 |
24 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 |
500 AZN/USD/EUR |
100 AZN/USD/EUR |
Increasing of amount |
Not allowed |
Not allowed |
Decreasing the amount |
Minimum 5 00 AZN/USD/EUR (Amount could be decreased till 1,000 AZN/USD/EUR ) |
Minimum 1 00 AZN/USD/EUR (Amount could be decreased till 100 AZN/USD/EUR ) |
Other conditions |
Same |
Same |
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Account currency |
AZN, USD, EUR |
Term |
24 months |
Payment of interest |
At withdraw or at the end of term ( at withdraw before two months percent are not paid) |
Opening balance |
5 00 AZN, USD, EUR |
Maximum amount |
No limitation |
Interest rate |
AZN/USD – 16%, EUR – 11% (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. Minimum amount of the credit line is 1000 AZN/USD/EUR, and maximum amount is 100,000 AZN/USD/EUR. Currency of the credit line is the same as the currency of the account.
2. When the amount of the deposit is between 1000 AZN/USD/EUR and 5000 AZN/USD/EUR (both inclusive), the customer may get a free of charge MC Standard card, and where that amount is over 5000 AZN/USD/EUR, a customer may get a MC Gold card, in both cases with zero limit.
3. In case of full withdraw of the sum before the maturity, a credit card and the credit line is cancelled. At desire of the client the credit card can be left with a zero limit with a condition of payment of the commissions by a card.
4. Iterest income can be paid both on card also to the current 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:
Please send us your queries related to this service. Approach any branch or office of the Bank or call Information center 145. |
