Savings account
- AZN 7%
- USD 2.5%
- Minimum amount 0 AZN/USD
- Term No limitation
Useful
Savings account is a flexible and convenient deposit product.
Through this account, you can deposit any amount of funds at any time you want. Your deposit earns daily interest from the date you placed it. It is possible to withdraw funds at any time along with interest income.
FAQ
1 What are the conditions and interest rates?
- Interest income is calculated daily and added to the account at 7% per annum on the AZN account and 2.5% per annum on the USD account. As long as the money stays in the account, you earn interest every day. Moreover, interest is also calculated on the interest income you earn. The deposit is automatically renewed every 12 months.
2 How do I open a savings account?
- It is possible to open a savings account in the Birbank application or branch. With the Birbank application, you can top up your balance at any time, from any card or account. You also have the opportunity to track your earnings from the app.
3 Do my earnings reset when I withdraw the money?
- You can easily withdraw your money from the account at any time. In this case, you won't lose the interest income and will receive your deposit along with the earned interest.
- According to the Tax Code of the Republic of Azerbaijan, if the amount of annual interest income exceeds 200 AZN, a 10% tax is withheld from that amount.
4 What is the minimum deposit required?
- There is no minimum amount requirement. You can also open an account with 0 AZN/USD. Even when withdrawing the entire amount, the account will remain active with a zero balance.
5 Is there any age restriction?
- Anyone over the age of 18 can benefit from the Savings account.
How can you open a savings account at Birbank?
- 1
Go to the "Savings" on the main page
- 2
In the "Savings account" section, click the "Learn more" button
- 3
Click on the button “Open a savings account”.
- 4
Select the currency.
- 5
Sign the documents.
- 6
Your savings account is ready. Add the amount you want and start saving your money with high interest!
How can you open a savings account at Birbank?
Enter the “more” section and go to the “savings” section
In the “Saving account” window that opens, click the “more details” button
Click on the button “Open a savings account”
Select currency
Sign documents
Your savings account is ready. Add the amount you want and start saving your money with high interest!
