NIKOYIL Bank to Increase Maximum Deposition Rate to 20.12%
Azerbaijan, Baku, 13 March / Trend / The Investment-Commercial Bank began accepting public deposits for three, four and five years. The maximum annual income from invested funds may reach 20.12%. The maximum deposit rates for 6 and 9 months increased to 10.5% and 12.5% thereafter.
NIKOYIL Bank has proposed three types of deposits:
- A pension deposit with a minimum initial and additional payment and a maximum interest rate, which has been developed in the interest of the vulnerable public, such as pensioners;
- A universal deposit, which gives the customer the choice to utilize the moneyduring the term of the deposit. And the customer will not be charged should they withdraw the deposit;
- Income deposits, which provides maximum annual income for the customer with the possibility of cancelling the agreement.