Certificate of deposit “Gandjlik” is a registered investment security issued by the IBA (CD registered to the name of holder).

Certificate is issued for 10 years , with the annual percentage rate (APR) of 25%

CD “Gandjlik” – “Youth” as implied by the name, is a long-term investment product designed for the youth, which intends to safeguard the financial future of the younger generation. High interest return of the CD, namely 25% annually, makes the security very attractive, profitable and thus, wise investment decision for individual customers. Since, at the end of the 10 year-term, the amount deposited increases by 3.5 times.

Certificate is highly liquid and could be quoted in security market. When owner returns the CD before the expiry date, the interest revenue is not lost completely: it is compensated partially by the Bank’s factual annual interest rate applied to regular deposits.

Moreover, ownership over the CD can be transferred to the third party (cession of ownership rights). In this case, new holder of the CD is entitled to receive the principal and the accrued interest income on the expiry date.

“Gandjlik” CDs are available in the following denominations:

5 000 AZN / USD 10 000 AZN / USD 50 000 AZN / USD

Benefits of a Certificate of deposit:

• The IBA’s full guarantee
• High and stable interest revenue - earns 25% per annum
• Long-term investment security – 10 years
• Excellent present for one and all
• Partial compensation of interest when returned before the expiry date
• Could be quoted in security market
• Give away option (cession of ownership rights)