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DemirBank introduces â€œYÄ±ÄŸÄ±mâ€ deposit

07 July 2014 10:20 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. DemirBank has expanded its offer of deposits by introducing new “YÄ±ÄŸÄ±m” deposit to customers. The new type of deposit can be opened by depositing the minimum of AZN 10 at a DemirBank branch.

Deposits can be placed in AZN and USD for the maximum period of 20 years. An interest of 5% is added to the deposit annually.

“YÄ±ÄŸÄ±m” deposit has the following advantages: funds can be added at any time, the deposit can be withdrawn fully or partially without a penalty at any time, future financial security of customers, opening the deposit in the name of a 3rd person, etc.

The amount of deposit shall not exceed AZN/USD 10,000. If deposit exceeds this amount, the deposit can be withdrawn or converted to a different type of deposit with DemirBank.

Currently DemirBank offers 4 types of deposits on “Deposit choice” program – “Göy (Blue)”, “SarÄ± (Yellow)”, “QÄ±rmÄ±zÄ± (Red)” and “UÅŸaq (Kids)”, providing a wide range of favorable terms. DemirBank is the member of Azerbaijan Deposit Insurance Fund that guarantees the insurance of deposits in DemirBank in compliance with “Deposit Insurance Law”.