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Elbrus

22%
Interest rate
25 м.
Deposit term
Calculator
500 thousand sums 10 billion sums
1 month 25 month

Detailed terms

Name of the deposit

Elbrus

Deposit currency

National currency – Uzbek sum (UZS)

Annual interest rate on the deposit

22% per annum

Capitalization of interest accrued on the deposit (interest recalculation by adding accrued interest to the principal amount)

No

Deposit term

25 months from the date of deposit placement

Minimum deposit amount

500,000.00 (Five hundred thousand) UZS

Maximum deposit amount

10,000,000,000.00 (Ten million) UZS

Interest payment frequency

Daily, in the deposit currency, via automatic crediting:
to account № 20206 – «Demand Deposit Account»

Deposit opening method

Online/Offline

Possibility of making additional contributions

Provided it is within the first 6 months

Automatic renewal (unilateral extension of the deposit term by the bank upon maturity)

No

Other terms

The maximum number of deposits allowed per client is 5.
Deposits opened at bank branches are available for viewing only in the mobile application.
Online deposit operations using UZCARD and HUMO plastic cards from other banks are carried out according to the Bank's Tariffs.
According to the Articles 30, 366, and 382 of the Tax Code of the Republic of Uzbekistan, a tax shall be withheld by the Bank from interest income paid on deposits to non-residents who do not have tax residency status in Uzbekistan, at the rate established by the legislation — 10% of the interest paid.

The possibility of partially withdrawing funds credited to the deposit before the deposit term expires

Allowed, provided that a minimum amount of 2,000,000.00 (Two million) UZS remains in the deposit.
In the case of a partial withdrawal before the end of the term, the accrued interest will be recalculated at an annual rate of 17.5%.
Any previously overpaid interest will be deducted by the Bank from the principal amount of the deposit.

Procedure for early termination of a deposit agreement

If the funds deposited by the client into the account are withdrawn fully or partially before the maturity date, the accrued interest will be recalculated at 17.5% per annum.
The overpaid interest amounts will be deducted by the Bank from the principal deposit.
Interest is paid for the actual number of full days the funds remain in the deposit.

Deposit guarantee

All deposits of individuals in JSC 'APEX BANK' are subject to mandatory guarantee in accordance with the Law of the Republic of Uzbekistan 'On the Guarantees for the Protection of Deposits in Banks' (No. 1031 dated February 18, 2025). The amount of the state-guaranteed deposit is now 200 million sums per depositor in one bank. This requirement applies to new deposits made after the law came into force. If you already have a term or savings deposit that was opened before the law came into force, it is fully guaranteed regardless of the amount.
If your deposit is less than 200 million sums, it will be guaranteed by the state in full.
Another innovation is that the law now regulates not only relationships in the area of guaranteeing deposits of individuals, including individual entrepreneurs, but also legal entities in banks.

What happens if your deposit exceeds 200 million sums?

• It is important to understand that the established guarantee amount of 200 million sums does not mean a prohibition on depositing larger sums in the bank. Keeping money in the bank is much safer and more profitable than keeping it at home. The guaranteed amount only applies in the event of the bank's liquidation; in other cases, banks will continue to meet their obligations under deposit agreements.
• Compensation payment deadlines: previously, the start date for the return of deposits was 83 days; now it has been reduced to 20 working days and will gradually be shortened to 7 working days. This means that the Agency is given a maximum of 20 working days to make compensation payments, but under necessary conditions, payments can be made earlier.
• Even if you do not manage to receive your money within the established timeframe, there is no reason for concern. You may collect your money from the Agency at a time convenient for you.

The law can be found at the link
"Your deposits are guaranteed" link

FAQ

What is a deposit?

A deposit is money that you place in the Bank for a certain period to earn interest.

How to open a deposit?

You can open a deposit offline through Sales Offices.

How are interest on deposits calculated?

Interest is accrued from the day after the deposit is opened until the day preceding its return. The calculation is based on 365 days in a year. Interest is not accrued during the period when the depositor’s account is frozen by court authorities.

What is the minimum deposit amount?

The minimum deposit amount is the amount specified in the deposit terms, which is required to open the deposit and must remain in your account throughout the term of the agreement.

Why is the monthly deposit interest amount different, even though the deposit amount has not changed?

Interest is calculated based on the actual number of days in the current month. For example, January has 31 days, and February has 28–29. Therefore, the interest amount differs accordingly.

After the deposit term ends, what happens to the money that has not yet been withdrawn?

After the deposit term ends, the funds will be transferred from the term account to the details specified in the agreement.

What is capitalization?

Capitalization is the addition of accrued interest to the principal amount of the deposit.

What is prolongation?

Prolongation is the automatic extension of the deposit on the day of its maturity. The deposit is extended with the amount available at the time of extension and for the same term as at the time of opening.

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