In addition to receiving high profits from the deposit product, you can optionally receive interest on a monthly basis or at the end of the term. For customers who wish to receive interest monthly, the bank issues a plastic card free of charge.
-
Amount
min. 100 AZN/USD -
Term
3 / 6 / 12 / 18 / 24 months -
Interest payment
monthly or at the end of the term -
Card for payment of monthly interest
as a gift * -
Prolongation of the term
Auto-prolongation -
Insurance
Based on rules of ADIF -
Number of deposits
Unlimited
* The Yelo Light card is offered as a complimentary gift for deposits of 1000 AZN/USD and above. With this card, you can enjoy generous cashback rewards, earn interest on your balance, and take advantage of a range of additional benefits.
|
Term
|
AZN
Monthly interest payment
At the end of the period
|
USD
Monthly interest payment
At the end of the period
|
|---|---|---|
|
3 month
|
7%
7.5%
|
-
-
|
|
6 month
|
10.5%
11%
|
3%
3.5%
|
|
12 month
|
12%
12%
|
2.5%
3%
|
|
18 month
|
12%
12%
|
2.2%
2.5%
|
|
24 month
|
11.5%
11.5%
|
2.2%
2.5%
|
According to clauses 102.1.22-3 and 102.1.22-4 of the Azerbaijan Republic Tax Code, starting from January 1, 2024, income from new deposits held in the national currency (AZN) by individuals will be exempt from income tax:
- The portion of monthly interest income on deposits up to 200 manats
- The full amount of interest income when the deposit is placed for a period of 18 months or more, and the principal amount of the deposit is not withdrawn earlier than 18 months – for a period of 3 years
Conditions for early withdrawal
| Withdrawal period |
Accrued interest to be paid |
|---|---|
|
1 – 90 days |
0% |
|
91 - 360 days |
30% |
|
361 and more days |
50% |
|
Term
|
AZN
Monthly interest payment
At the end of the period
|
USD
Monthly interest payment
At the end of the period
|
|---|---|---|
|
3 month
|
7%
7.5%
|
-
-
|
|
6 month
|
10.5%
11%
|
3%
3.5%
|
|
12 month
|
12%
12%
|
2.5%
3%
|
|
18 month
|
12%
12%
|
2.2%
2.5%
|
|
24 month
|
11.5%
11.5%
|
2.2%
2.5%
|
According to clauses 102.1.22-3 and 102.1.22-4 of the Azerbaijan Republic Tax Code, starting from January 1, 2024, income from new deposits held in the national currency (AZN) by individuals will be exempt from income tax:
- The portion of monthly interest income on deposits up to 200 manats
- The full amount of interest income when the deposit is placed for a period of 18 months or more, and the principal amount of the deposit is not withdrawn earlier than 18 months – for a period of 3 years
Conditions for early withdrawal
| Withdrawal period |
Accrued interest to be paid |
|---|---|
|
1 – 90 days |
0% |
|
91 - 360 days |
30% |
|
361 and more days |
50% |
Scan the QR code, download the mobile app, and open a deposit account completely online.
The Yelo App offers a seamless experience for opening an online deposit account, applying for loans, and enjoying a host of other benefits. If you already have an active account with us, simply scan the QR code to open a Yelo Stable deposit online without any delay.
