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Bank of Baku will personally pay new deposit taxes!

24 February 2015

“Bank of Baku” has always been highly appreciating its customers, seeing their needs and wishes as top priority. Thus, the Bank is offering a new “Net deposit” product for individuals wishing to ensure protection of their funds and gain extra income. Funds can be allocated in AZN or USD in the net deposit product for of 12, 18 and 24 months with annual interest rate of 12,5%. Main unique feature of this deposit is the fact that deposit tax will be paid by the Bank, not the customer.

ADVANTAGES of net deposit product:

  • Deposit TAX will be paid by the BANK, not the customer!
  • Funds can be deposited in either AZN or USD
  • Deposit amount can be increased by the middle of the deposit term
  • Customer is eligible to receive a cash loan up to 90% of the deposit amount
  • Interests can be payable monthly or end-of-term
  • Customer is eligible to receive a free-of-charge deposit card
  • Customer is eligible to receive up to 1% extra bonus when joining the deposit club
  • Minimum deposit amount – 100 AZN

For more detailed information about INTEREST TABLE for the deposit, please follow the link:

For more detailed information about “Deposit Club” please follow the link:

Note: According to the decision of Trustees Board of the Azerbaijan Deposit Insurance Fund, the maximum interest rates payable on deposits insured by the Fund constitutes up to 12% annual (up to 30.000 AZN).

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