Rising deposit gives the clients an opportunity to receive more interest income by keeping their money for a longer period of time. Thus, interest rates on savings increase from time to time during the period when the saving is active. One of the advantages of the Rising deposit is its flexibility for the clients to fully receive the deposit back with all accrued interests any time
USD - 6-36 months,
- A progressing interest rate after a certain period of time during the deposit maturity;
- Full payment of the accrued amount of interest in case of premature closure of the deposit;
- Automatic prolongation of the agreement.
AccessBank is a member of the Deposit Insurance Fund since August 2007.
|Table for AZN
||Table for USD
|Maturity||Annual interest rate||Maturity||Annual interest rate|
|1-3 months||3,0%||6-8 months||1,5%|
|4-6 months||5,0%||9-11 months||2,0%|
|7-9 months||8,0%||12-14 months||3,0%|
|10-11 months||10,0%||15-17 months||3,5%|
|12-15 months||12,0%||18-20 months||4,0%|
|16-18 months||15,0%||21-23 months||4,5%|
|19-21 months||18,0%||24-26 months||5,0%|
|22-24 months||20,0%||27-29 months||5,5%|
SAMPLE: For the deposit in amount of AZN 10 000 with a 12-month maturity the interest rate will be accrued as below:
|Maturity||Annual interest rate||Accured interest amount||İnterest rate paid at premature withdrawal of deposit|
|Total interest amount: AZN 666.68
The shown sample specifies the initial results. More precise information will be provided by the Bank’s specialists in the branches.