Finance

Finance

IBA-Moscow launches a new deposit campaign

10 March 2009 16:57 (UTC +04:00)

Baku. Vugar Israfilov - APA-Economics. IBA-Moscow, a subsidiary of the International Bank of Azerbaijan, has launched a new deposit product from March 10 to May 31.
The product allows depositors to get high interest on their deposit even when they withdraw their money prematurely.
Interest rates on deposits are 15% for RUB; 11% for USD; 10% for EUR. The minimum deposit amount is RUB 3000, USD 100 and EUR 100.
When withdrawn earlier, the interest rate is 0.1% per annum for 30 days, 7,5-11% for 90 days, 8-12,5% for 3-6 months and 8,5-13% for 6-9 months.
When the amount of a initial deposit is greater than 1.5 million rubles,/ 50 000 dollars / 50 000 euros, the depositor becomes a VIP customer who gets an additional 0.5% per annum on his money.
If the amount is greater than 3 million rubles/100 000 dollars/100 000 euros, the deposit will ger an additional 1% per annum.