|
“Classic” deposit
- Standard type of deposit. Is performed in accordance with current provisions of the bank. Automatic prolongation is provided.
| Minimum of deposit amount |
500 c.u. |
|
 |
| Minimum term |
3 months / 5 years |
|
|
| |
| Interest calculations |
Monthly, annually or in the end of term (as per customer requirement) |
|
“Multi currency” deposit
- Allows to exchange currency of the deposit. Exchange is performed in accordance with bank’s exchange rates and no commission is charged. Automatic prolongation is provided.
| Minimum of deposit amount |
1000 c.u. |
|
|
| Minimum term of deposit |
3 months / 5 years |
|
|
| |
| Interest calculations |
Monthly, annually or in the end of term (as per customer requirement) |
|
“Savings” deposit
- Customers months add funds to the deposit until the first 2/3 part of the term of deposit. Automatic prolongation is provided. The sum of deposit should be added.
| Minimum of deposit amount |
200 c.u. |
|
|
| Term of deposit |
1 year / 5 years |
|
|
| Minimum of additional amount |
100 c.u. |
|
|
| |
| Interest calculations |
Monthly, annually or in the end of term (as per customer requirement) |
|
“Advance” deposit
- The interest on deposit is paid to Customer in advance at the time of opening of deposit account. Term of deposit can be extended
| Minimum of deposit amount |
500 c.u. |
|
|
|
|
|
| |
| Interest calculation |
Advance calculation |
|
“Child” Deposit
- Shall be made until the 10 years of age of the child and the deposit is released when the child reaches the age of 18
- The amount of deposit can be increased only until the 10 year age of the child
| Minimum of deposit amount |
200 c.u. |
|
|
| Term of deposit |
8 years/ 18 years |
|
|
| Minimum of additional amount |
100 c.u. |
|
|
| |
| Interest calculation |
End of term |
|
Interests on the individual deposits of the International Bank of Azerbaijan
(effective from August 1, 2009)
IBA sets the following interest rates on individual deposits in manats and USA dollars effective from August 1, 2009:
 |
|
"Multi currency" and "Classic" |
Manat and USD |
EURO and GBP |
| Term of deposit |
To monthly interest payment (basic rate) |
To payment of Interest at the end of a year |
To payment of Interest at the end of a term |
To be paid at the end of each month |
|
| 60 months |
Annual 15.2% |
Annual 16.0% |
Annual 19.0% |
Annual 13.2% |
|
| 48
months |
Annual 14.4% |
Annual 15.2% |
Annual 17.4% |
Annual 12.0% |
|
| 36
months |
Annual 13.6% |
Annual 14.4% |
Annual 15.8% |
Annual 10.8% |
|
| 24
months |
Annual 12.8% |
Annual 13.6% |
Annual 14.2% |
Annual 9.6% |
|
| 18
months |
Annual 12.4% |
Annual 13.2% |
Annual 13.4% |
Annual 8.8% |
|
| 12
months |
Annual 12.0% |
Annual 12.8% |
- |
Annual 8.4% |
|
| 9
months |
Annual 11.0% |
- |
- |
Annual 7.4% |
|
| 6
months |
Annual 10.0% |
- |
- |
Annual 6.8% |
|
| 3
months |
Annual 9.0% |
- |
- |
Annual 6.4% |
|
|
|
"Savings" |
Manat and USD |
EURO and GBP |
| Term of deposit |
To monthly interest payment (basic rate) |
To payment of Interest at the end of a year |
To payment of Interest at the end of a term |
To be paid at the end of each month |
|
| 60
months |
Annual 13.2% |
Annual 14.0% |
Annual 17.0% |
Annual 11.2% |
|
| 48
months |
Annual 12.4% |
Annual 13.2% |
Annual 15.4% |
Annual 10.0% |
|
| 36
months |
Annual 11.6% |
Annual 12.4% |
Annual 13.8% |
Annual 8.8% |
|
| 24
months |
Annual 10.8% |
Annual 11.6% |
Annual 12.2% |
Annual 7.6% |
|
| 18
months |
Annual 10.4% |
Annual 11.2% |
Annual 11.4% |
Annual 6.8% |
|
| 12
months |
Annual 10.0% |
Annual 10.8% |
- |
Annual 6.4% |
|
|
|
"Advance" |
Manats and USD |
EURO and GBP |
| Term of deposit |
Prepayment |
Prepayment |
|
| 12 months |
11.0% |
7.8% |
|
|
|
"Child" |
Manats and USD |
EURO and GBP |
| Term of deposit |
To payment of Interest at the end of a term |
To payment of Interest at the end of a term |
|
| 8 - 18 years |
Annual 25.0% |
Annual 19.0% |
|
Current interest rates shall be applied under the deposit contracts executed until the August 1, 2009 until their expiry. Upon the expiry of the deposit contract, and in the event of contract extension or default extension, new interest rates shall be applied.
If for any reason the customer terminates the contract before its expiry, the interest on deposit is not paid. Interests paid earlier shall be deducted from the principle amount of deposit.
If the customer does not require the deposit upon the expiry of its term, it shall be deemed extended for the same period, provided that Bank agrees to extend the term of deposit. Should bank refuse to extend the term of deposit it shall be returned to depositor with advance notification.
The interest rates shall not be subject to change for the extended period.
Deposit Insurance Packages and Presents
|
Amount of deposit
(minimum term) |
Interest payment cards |
Gift cards |
Insurance package |
|
1 000 – 1 999 USD or its equivalent
(minimum term of 1 year) |
Visa Elektron / Maestro Card |
Visa InterCard /Master Card WebCard |
- |
|
2 000 – 4 999 USD or its equivalent
(minimum term of 1 year) |
Visa Elektron / Maestro Card |
Visa Classic / Master Card Standard/ Amex Green Card |
“Standart” / “Green” (AMEX) packages |
|
5 000 – 9 999 USD or its equivalent
(minimum term of 1 year) |
Visa Elektron / Maestro Card |
Visa Gold / Master Card Gold |
“Gold” package |
|
10 000 – 99 999 USD or its equivalent
(minimum term of 1 year) |
Visa Elektron / Maestro Card |
Visa Platinum / Master Card Platinum / AMEX Gold Card |
“Platinum” package/ “Gold” (AMEX) package |
|
100 000 or above USD or its equivalent
(minimum term of 1 year) |
Visa Elektron / Maestro Card |
Visa Infinity / Master Card World Signia |
“Platinum” package |
|
|
|
Monthly Interest payment |
A credit limit at 70% of the deposit amount |
|
Payment of interest at the end of a year |
A credit limit at 75% of the deposit amount |
|
ПPayment of interest at the end of a term |
A credit limit at 80% of the deposit amount |
|
|
