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
* 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
|
|---|---|---|
|
12 month
|
9.5%
10%
|
1.5%
2%
|
|
18 month
|
9.5%
10%
|
1.5%
2%
|
|
24 month
|
9.5%
10%
|
1.5%
2%
|
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income when the deposit is placed for a period of 18 months or more, and the principal amount of the deposit is not withdrawn earlier than 18 months – for a period of 3 years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%
|
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income when the deposit is placed for a period of 18 months or more, and the principal amount of the deposit is not withdrawn earlier than 18 months – for a period of 3 years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% |
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.
