TODAY.AZ / Business

Azerbaijan's most profitable deposit product

02 February 2007 [01:00] - TODAY.AZ
Azerbaijan's Azerdemiryolbank has started up new Khamsa deposit product campaign.

Savings shall be put in US dollars for five years in the minimum amount of $5,000.

As per the agreement with a depositor, the interest for the first year is 17%, and each of the rest years adds one percent as 18%, 19%, 20%, 21%.

If the customer doesn't take the interests gained during the deposit period, the total profitability reaches 150% (30% annually). A $5,000-deposit grew to $12,500 at the maturity.

Khamsa deposit campaign deadline is March 30, the bank's head office told the APA.

URL: http://www.today.az/news/business/35798.html

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