Multifunctional Mobile App by Yelo

Yelo Saving

Start saving today for a better tomorrow

Plan for tomorrow from today

  • Amount

    50 - 300 000 AZN/USD
  • Term

    12 / 18 months
  • Min. replenishment

    there is no minimum amount requirement
  • Interest payment

    monthly or at the end of the term
  • Card for calculating interest

    as a gift *
  • Prolongation of the term

    Auto-prolongation
  • Insure

    Based on existing rules at the time of deposit opening
  • Number of deposits

    3 deposits

* With a gift card, you can get cashback by payments made in the Yelo partner network, but this card does not have other advantages offered by Yelo Light and Premium cards.

Term
AZN
Monthly interest payment
At the end of the period
USD
Monthly interest payment
At the end of the period
12 month
9.5%
10%
1.5%
2%
18 month
9.5%
10%
1.5%
2%
24 month
9.5%
10%
1.5%
2%
* Replenishment is possible only up to 3 months before the end of the term.

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income when the deposit is placed for a period of 18 months or more, and the principal amount of the deposit is not withdrawn earlier than 18 months – for a period of 3 years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

0 - 180 days

20%

181 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
12 month
9.5%
10%
1.5%
2%
18 month
9.5%
10%
1.5%
2%
24 month
9.5%
10%
1.5%
2%
* Replenishment is possible only up to 3 months before the end of the term.

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income when the deposit is placed for a period of 18 months or more, and the principal amount of the deposit is not withdrawn earlier than 18 months – for a period of 3 years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

0 - 180 days

20%

181 and more days

50%

 

 

 

Calculate

Calculate Your Future Income

İlkin məbləğ

AZN

Aylıq mədaxil məbləği

AZN

Deposit term

Currency

Monthly
End of period

Gross interest income

17 890 AZN

Monthly interest income

1 890 AZN

Rate

1.6 %

We guarantee the safety and security of your data

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 Saving deposit online without any delay.

Yelobank mobile application