BAKU, Azerbaijan, November 10. Azerbaijan has published a rating of the banks according to interest rates on deposits as of November 9, 2023, Trend reports.
The study was conducted on the basis of data on interest rates on deposits provided by banks in Azerbaijan.
The top three banks include:
Bank BTB
- Minimum deposit amount: 100 manat ($58.8)
- Interest rate: 11.5 percent and 11.7 percent (with interest payment at the end of the period)
- Deposit term: 12 months
Note: This bank has a company that provides special bonuses to customers who make deposits before November 30, 2023.
Bank VTB
- Minimum deposit amount: 100 manat ($58.8)
- Interest rate: 10.5 percent and 11 percent (with interest payment at the end of the period)
- Deposit term: 12 months
AccessBank
- Minimum deposit amount: 50 manat ($29.4)
- Interest rate: 10.5 percent and 11 percent (with interest payment at the end of the period)
- Deposit term: 12 months
Rating of Azerbaijani banks with the most profitable deposits:
|
Bank (deposit name) |
Interest rate for the year |
|
|
Interest rate (per month) |
Interest rate (end of period) |
|
|
Bank BTB (Term Deposit) |
11.50 percent |
11.70 percent |
|
Bank VTB ("Advantage" deposit) |
10.50 percent |
11 percent |
|
AccessBank (Term Deposit) |
10.50 percent |
11 percent |
|
Bank of Baku ("Dynamic" deposit) |
10 percent |
10.50 percent |
|
Turan Bank (“Treasury of Secrets” deposit) |
10 percent |
10.50 percent |
|
Rabitəbank (Universal Deposit) |
10.25 percent |
10.30 percent |
|
Unibank (Term Deposit) |
9.50 percent |
10 percent |
|
Yelobank (Yelo Stable) |
9.50 percent |
10 percent |
|
Naxçıvanbank (Term Deposit) |
9.50 percent |
10 percent |
|
Expressbank (Classic deposit) |
9.50 percent |
9 percent+1 percent |
|
AFB Bank (Term Deposit) |
9 percent |
9.5 |
|
Bank Respublika (Term Deposit) |
9 percent |
9.50 percent |
|
Bank Avrasiya (Classic deposit) |
7 percent |
8 percent |
|
Ziraat Bank (Standard deposit) |
6.50 percent |
7 percent |
|
ASB Bank (Classic deposit) |
6 percent |
7 percent |
|
ABB ("Classic" term deposit) |
6 percent |
6.50 percent |
|
Kapital Bank (Kapital deposit) |
6 percent |
6.50 percent |
|
Xalq Bank (Term Deposit) |
6 percent |
6.50 percent |
|
Premium Bank (Classic Deposit) |
6 percent |
6.50 percent |
|
Azər Türk Bank (Classic deposit) |
5 percent |
5.50 percent |
|
YapıKrediBank (Standard Earning Deposit) |
- |
5.50 percent |
In general, the total volume of the deposit portfolio of Azerbaijani banks as of October 1, 2023, amounted to 32.2 billion manat ($18.9 billion).