Bank Respublika offers to make a deposit and secure and stable and secure source of income.

You can make your deposit with Bank Respublika in your own name, or in the name of your child or a third person. This does not influence the interest rates. The depositor can specify the deposit parameters on his/her own:

• Currency – deposit can be placed in AZN, USD and EUR.

• Amount of deposits – There are no limitations on the amount of your deposit.

• Term of deposit – from 6 month to 12 month.

• Repayment scheme – the interest on the deposit can be repaid once monthly and at the end of the terms of deposit. Interest rates are highest when repaid at the end of the term, and lowest when repaid monthly.

Interest rates

Annual interest rate for deposits in AZN/USD depending on the interest payment scheme:

Term (months)	Annual interest rate, if payment of interest:
	Monthly	Upon maturity
6	3.5%	4.0%
12	7.5%	8.0%

You can also calculate possible bonuses using our Deposit Calculator.

Bonuses

Depending on the amount and term of deposit Bank Respublika’s depositors will get additional bonuses:

• Gifts – Every customer who places a deposit with Bank Respublika, will receive a special gift from the Bank.
  
• Participation in winning campaign – depositors with a deposit amount of no less than 1 000 AZN/USD/EUR and term of no less than 12 months will participate in monthly winning campaigns. Each 1 000 AZN/USD/EUR of the deposit’s amount will provide 1 chance to win every month.

• Free MasterCard or VISA card – depositors with a deposit amount of no less than 1 000 AZN/USD/EUR and a term of no less than 12 months can acquire a free MasterCard or VISA plastic card. At that, no down payment and insurance deposit are required and interest on the deposit will be transferred to the card.

• Interest-free credit line up to 45 days by card - The amount of interest-free credit line up to 45 days (till the 15th day of the followinf month) depends on a card type. The amount of whole credit line makes up to 80% of the deposit amount. It is constructed for the depositors with a deposit amount no less than 1000 AZN / USD/ EUR.

• Home Banking or MobilBank service – depositors with a deposit amount of no less than 25 000 AZN/USD/EUR and a term of no less than 12 months can get a free Home Banking or MobilBank service.

• Travel insurance – depositors with a deposit amount of no less than 50 000 – 99 999 AZN/USD/EUR and a term of no less than 12 months can get a travel insurance for overseas trips.

• Medical insurance – depositors with a deposit amount of no less than 100 000 AZN/USD/EUR and a term of no less than 12 months can get a medical insurance at the Bank’s expense.
  
  
• Free usage of deposit box – clients with the deposit amount no less than AZN/USD/EUR 500.000 may, within the investment term, take advantage of a bank safe of any size free of charge, located in the depository of the Bank’s Head office.

• Reduced rate loan – depositors with a deposit amount of no less than 1 000 AZN/USD/EUR can get a reduced rate loan at an amount of 90% of the current amount of the deposit. The rate of such loan will be equal to the deposit’s rate +4%. The deposit will serve as the collateral for the loan. At that, interest on the deposit will still accrue.

Conditions for early/premature withdrawal of deposit

The depositor may withdraw his deposit from the Bank before maturity. In this case, the Bank will return the whole amount of the deposit in no more than 5 business days, which is also reflected in the deposit agreement.

Accrued interest in event of premature withdrawal of the deposit will be paid to the client depending on the actual term of the deposit. If the actual term of the deposit is:

• 90 days and less – accrued interest will not be paid
• 91 – 365 days – 50% of the accrued interest will be paid

Deposit Insurance

Bank Respublika is a member of the Deposit Insurance Fund, established according to the state legislation “Concerning Deposit Insurances”. All deposits at Bank Respublika are insured based on conditions and regulations of the Fund.

In accordance with the state legislation “Concerning Deposit Insurances” in the event of an insurance accident the compensated amount, disbursed for the deposit on behalf of the Deposit Insurance Fund,  starting from January 1st 2009 will be totaling 100% not exceeding 30 thousands manats.

How to place a deposit with Bank Respublika?

To make a deposit, you need to come to any of Bank Respublika’s offices with an identification document.