BankRespublika

Deposites

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.

Deposit Insurance

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

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 – 45 % of the accrued interest will be paid
  • 366 days and more – 75% of the accrued interest will be paid

Interest rate for deposits in AZN

 

Individuals

Months
Monthly
Upon maturity
6
5% (annual)
6% (annual)
12
10% (annual)
10.5 % (annual)
18 10.5% (annual) 11% (annual)
24 11 % (annual) 11.5 % (annual)
36 11 % (annual) 11.5 % (annual)

Interest rate for deposits in USD

 

Individuals

Months
Monthly
Upon maturity
12
1.5% (annual)
2% (annual)
18 1,75% (annual) 2% (annual)
24 2% (annual) 2% (annual)

* The interest rate for amounts over 500 thousand AZN is determined in an individual income statement