As APA reports, the Progressive Deposit rate will increase every three months beginning from 4.5% and until it reaches 14.5%.

The Progressive Deposit term is 1 year; however, the Customer can collect their deposit at any moment whilst collecting the accrued interests at the effective deposit rate of the moment and without having to pay any penalty fees.

The USD deposits made for up to 3 months will carry 4.5%, the deposits made for 3 to 6 months will carry 10%, the deposits made for 6 to 9 months will carry 12% and the deposits made for 9 to 12 months will carry 13%.

The USD deposits made for one year will carry the interest equalling 14.5%.

The minimum Progressive Deposit amount is AZN 500 or USD 500.