“DemirBank” increases annual interest rate on AZN deposits | Banco.az

“DemirBank” has increased annual interest rate on “Göy”, “Qırmızı”, “Sarı” and “Uşaq” deposits within the Range of Deposits program. In particular, annual interest rate on “Göy” deposits was increased up to 17%, on “Qırmızı” deposits – up to 14%, on “Sarı” deposits – up to 11% and on “Uşaq” deposits – up to 12%.

It should be noted that “Göy”, “Qırmızı” and “Uşaq” deposits can be opened by any individual by adding the minimum of AZN 100 into account. The minimum of AZN 500 need to be added for opening of “Sarı” deposits. “Göy”, “Qırmızı”, “Sarı” and “Uşaq” can be opened in both AZN and USD.

“DemirBank” is a member of  the Deposits Insurance Fund. As a result, deposits placed in “DemirBank” are insured in accordance with the law “On deposits insurance”. Insurance applies to deposits of up to AZN 30,000 with the maximum interest rate of 12%.