Demirbank increases annual interest rates on “Goy” deposit up to 17%

Baku: The customers of Demirbank can benefit from increase of bank’s “Goy” deposit interest rates up to 17% in the next 17 days. The bank has increased annual interest rates on “Goy” deposit up to 17% until April 15 so that deposit holders could maximize their profits.

It should be noted that high interest rates and opportunity to withdraw accrued interests on a monthly basis are the key advantages of “Goy” deposit.

Deposit accounts can be opened in DemirBank branches by any individual by adding the minimum of AZN 100 into account. “Goy” deposit is opened the maximum period of 3 years in AZN and in USD.

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%.

One of Azerbaijan’s first commercial banks of Azerbaijan, DemirBank started its operations in 1989. Shareholders of the Banks include large international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO).