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Azerbaijan Industry Bank launches 3 new types of deposits

09 October 2009 16:31 (UTC +04:00)

Baku. Elnur Guseynguluev - APA-ECONOMICS. Azerbaijan Industry Bank provided to has launched 3 new types of deposits - BankHome, BankWork and BankLife.

The bank said new products are divided into segments depending on the amount of the deposit and each segment has its advantages.

BankHome allows accumulating small amounts for 1 to 36 months. The minimum deposit is AZN 500 (USD, EUR).

BankWork allows increasing the already existing amount. The deposit period is 1 to 36 months. The minimum deposit amount is AZN 10 001 (USD, EUR).

BankLife, which is intended for VIP customers, allows increasing the large amount.

The deposit period is 1 to 36 months. The minimum deposit amount is AZN 50 001 (USD, EUR).

Interest rates on deposits depend on the period, currency, the conditions of interest withdrawal is over 16.5% per annum.

Depositors are able to increase or decrease the amount of the deposit without loss of interest, take advantage of consumer loans and credit cards at more favorable terms, discounts when using services of Azerbaijan Industry Bank, ASIR Travel, Excelsior Hotel, Excelsior Aura Wellness Center and the Hotel Express International.