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Time deposits

Should you have available assets or you want to earn you may place your funds to time deposit. Demir Bank opens time deposits to legal entities and private entrepreneurs in US Dollars, Kyrgyz Soms, Euro on the following conditions:

<Valid as of 24/08/2011>

  

Time Deposit

Corporate

Corporate +

Interest payment

At maturity date

Monthly

Currency

   KGS  

USD

     EUR    

      KGS    

   USD  

    EUR  

Term(Month)

Annual interest rate

1

1,0%

1,0%

-

-

-

-

3

3,0%

2,0%

-

-

-

-

6

5,0%

3,0%

2,0%

4,5%

2,5%

-

9

8,0%

4,0%

2,0%

7,5%

3,5%

-

12

10,0%

5,0%

2,5%

9,5%

4,5%

-

18

10,5%

6,0%

-

10,0%

5,5%

-

24

11,0%

6,5%

-

10,5%

6,0%

-

Minimum amount of Time deposit

not required

Maximum amount of Time deposit

100 000 USD (or equivalent in other currency), Conditions for amounts over 100 000 USD (or equivalent in other currency) shall be set by the Bank individually.,

Replenishment

not applicable

Interest capitalization

not applicable

Partial withdrawal

not applicable

Payment  of interest before maturity date

Interest payment is executed at the rate of demand deposits

Interest payment is executed at the rate of demand deposit, excessive interest paid is deducted from deposit amount

Prolongation

  when opening time deposit it is possible to choose the type of automatic prolongation: only principal amount or principal amount with accrued interest

  When opening time deposit it is possible to choose automatic prolongation (only principal amount)