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Bank Standard launches Premier Deposit

11 November 2008 14:42 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Bank Standard has launched a new deposit product called Premier for individuals.
Premier is a term deposit with the possibility of a partial withdrawal of money in the permitted balance, adding money to the account without restriction and flexible terms ranging from 3 months to 3 years.
The minimum amount of a deposit shall be AZN / USD/ EUR 10 000.
The depositor can earn up to 16.5% per annum, by putting the deposit for the maximally long period.
With maximum period of the deposit agreement investor receives.
Depending on the term and amount of a deposit, interest rates range from 8.5% to 15.5% national currency, from 9.5% to 16.5% in the US dollar, and from the 4.5% to 11.5% in the euro.
The interest rate applies to the additional contributions added to the deposit amount too.
Interests are accrued each month and added to the amount of deposit which allows a depositor to earn the maximum return on their money. The depositor can draw interest income every month too.
Premier depositors are granted VISA Gold and MasterCard Gold card free.
The bank plans to extend the package of additional services to the depositors.
Bank Standard, owned by AB Standard, has been in operation since 1995. As of October 1, assets stood at AZN 660.816 million, loan portfolio at AZN 441.570 million, deposit portfolio at AZN 173.036 million and total capital at AZN 85.914 million and authorized capital at AZN 50 million.