AccessBank Offers Highest Rates to all Clients

AccessBank is offering their highest interest rates to all clients, irrespective of the deposit size

Baku, March 11, 2009. Today AccessBank announced a change in its interest rate policy for deposits. Now all depositors at AccessBank will receive the highest interest rates offered by the bank, regardless of the deposited amount. This means that AccessBank has abolished the differentiation of interest rates based on the amount of the deposit, which is practiced by most banks. This step was made by the bank management to make AccessBank more accessible for all people and to help people, no matter their level of income.

Dr. Andrew Pospielovsky, the General Manager of AccessBank, noting these changes, said, “Most banks, both in Azerbaijan and abroad, pay higher interest rates relative to deposit size. We value each and every depositor at AccessBank, and therefore pay the same interest rates to all our clients, whether they deposit AZN 50 or 50,000. This furthers our mission of being a truly accessible bank.”

Presently the deposit terms offered by AccessBank are among the best in the Azerbaijan banking sector. Our competitive terms combined with the confidence we inspire in our depositors led to a 91% increase in deposits in 2008. This increase is particularly significant considering the present conditions on global financial markets.