“DemirBank” increases deposit interest rates | Banco.az

“DemirBank” has increased annual interest rates on “Göy” and “Qırmızı” deposits in USD, which are offered to individuals within the Range of Deposits program. Thus, annual interest rate on “Göy” deposits in USD and AZN is currently at 13.5%, while on “Qırmızı” deposit – 11%.

It should be noted that “Göy” and “Qırmızı” deposits can be opened in “DemirBank” branches by adding the minimum amount of AZN 100 to account. “Göy” and “Qırmızı” deposits are opened for the maximum of 3 years in AZN, EUR, GBP and USD.

The key advantages of “Göy” deposits are high interest rate and possibility of monthly withdrawal of accrued interests. “Qırmızı” deposit in turn stands out for possible opening of a deposit account in a third person’s name.

“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%.