Money have their own style of life – Dynamic one!
"Bank of Baku" offers you a DYNAMIC savings account.
It can be said that this account is the reflection of almost all the conditions which are desired, considered primary or important by a person placing his money into the deposit of the Bank. Let’s have a look at such items: |
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Low opening balance |
For DYNAMIC account the opening balance is as low as 100 AZN/USD/EUR, which eliminates any such problems once and forever. Majority of families in Azerbaijan, especially those living in Baku, have at least 100 manats they keep in reserve. Now, you can keep your money not at home, but with one of the most reliable banks of the country! |
| Option to collect the interest accrued at any time |
Upon your choice, you can get the interest either monthly or at the end of the term! |
| High interest rate |
Interest rate on DYNAMIC savings account can be up to 20% |
Option to increase or decrease the amount of the deposit |
That’s also not a problem. Flexibility of DYNAMIC savings account gives you a chance to increase or decrease the amount of the deposit during the term of the account |
Credit card option |
"Bank of Baku" avails its customers with such an option as well. And where the amount of the savings exceeds 5,000 AZN/USD/EUR, you can get your credit card free-of-charge |
Additional gifts and benefits |
Customers having savings account with “Bank of Baku” may be entitled to the following benefits:
- Insurance of the savings
- A gift of money box to customers below the age of 18
- Free-of-charge consultancy on legal, financial and tax legislation of Azerbaijan
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| DYNAMIC savings account bringing together all the above features is the perfect choice to keep your money. Table below will provide you with full details on this category of the savings account. |
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Account currency |
AZN, USD, EUR |
Term |
From 1 month to 60 months |
Payment of interest |
Мonthly or at the end of the term |
Opening balance |
100 AZN, USD, EUR |
Maximum amount: |
No limitation |
Interest rate |
Please refer to our Interest rate table |
Decreasing the amount |
Permitted.
Minimum amount of decrease - 100 AZN/USD/EUR. |
Increasing the amount |
Permitted
Increase is permitted only during the first half of the term.
Minimum amount of increase - 100 AZN/USD/EUR. |
Automatic extension of the term |
In accordance with interest rates used by the Bank as of the relevant date |
Extra benefits |
- 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.
- Credit line equal to 80% of the savings account balance.
- Where the amount of the credit line is between 1000 AZN/USD/EUR and 5000 AZN/USD/EUR, the customer gets MC Standart card, and where the credit line is above 5000 AZN/USD/EUR – the customer gets MC Gold card.
- 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**.
- Upon discretion of the customer, interest can be accumulated in card or non-card account.
- Where the deposit is for a person below the age of 18 and the term of the agreement is at least 2 years, the customer receives a free-of-charge CASH BOX.
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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. |
