Child savings deposit
Invest in your child's future today!
Child savings deposit
| Minimum amount | 100 AZN or equivalent |
| Currency | AZN / USD |
| Annual interest rate |
AZN - 9% USD - 2.5% |
| Deposit term |
36 months |
| Partial withdrawals |
Not allowed |
| Increasing funds |
Possibly within the first 30 months |
| Interest accrual |
Accrued interest is capitalized once a year by
adding to the principal amount |
| Interest payment |
At the end of the period |
| Accrual of interest in case of early termination
of the contract |
For the completed year, half of the accrued
interest is paid, for an incomplete year up to 6 months - 1%, after 6 months - 2% |
| Contract extension |
If the deposit is not returned after the expiration
of the term of the deposit, the contract with the depositor is extended for the next period in
accordance with the interest terms provided by the Bank on that date (until the child reaches the age of
18) |
| Note |
The deposit can be extended until the child reaches
the age of 18 years |
Deposit calculator
Your deposit up to AZN 100,000 is fully insured by the Deposit Insurance Fund.
| Monthly | |
|---|---|
| At the end of months | |
| Total amount |