Deposits
The bank’s customers are offered to ensure a maximum reliability and efficiency of payments guaranteed by the reputation of VTB Group. Deposits products of the Bank are developed with consideration of different class of customers’ needs. The bank is a member of Deposit Insurance Fund, i.e. deposit of population is ensured according to the provisions of the Fund.
| Period | 6, 9, 12,18, 24 months |
|---|---|
| Payment of interest | Monthly, at period end |
| Original amount on deposit | min – 100 AZN/USD; max – unlimited |
| Interest rate | According to rate scale |
| Decrease in sum of deposits or advanced withdrawal all sum | For the amount rented before the specified time (according to the terms provided in the table, period of deposit is equal to the shortest depending on the date of withdrawal) half of the established rates for interest rate is paid |
| Increase in sum |
Increase is possible within the first half of the deposit term. Interest rates, specified in the contract influence the increase |
| Tacit extension | Not provided |
AZN/USD Interest rate
| Period (monthly) | Monthly payment (%) | Payment at period end (%) |
|---|---|---|
| 6 | 9.00 | 9.20 |
| 9 | 10.80 | 11.20 |
| 12 | 13.00 | 13.60 |
| 18 | 13.50 | 14.60 |
| 24 | 14.00 | 15.70 |