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Tian Shan

7%
Interest rate
24 м.
Deposit term
Calculator
500 CURRENCY_DOLLAR 5 million CURRENCY_DOLLAR
1 month 24 month

Detailed terms

Name of the deposit

Tian Shan

Deposit currency

Foreign currency – US Dollar (USD)

Annual interest rate on the deposit

7% per annum

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

No

Deposit term

24 months from the date of deposit placement

Minimum deposit amount

500 (Five hundred) US Dollars

Maximum deposit amount

5,000,000.00 (Five million) US Dollars

Interest payment frequency

Every month, in the currency of the deposit, by automatic crediting:
- to account № 20206 – “Demand Deposit Account”

Deposit opening method

Online/Offline

Possibility of making additional contributions

Provided, in the first 6 months

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

No

Other terms

The maximum number of deposits that can be opened per client is 5.
Deposits opened at the Bank’s branches are available in the mobile application for viewing only.
In accordance with the Tax Code of the Republic of Uzbekistan (Articles 30, 366, and 382), tax will be withheld by the Bank from the interest (income) paid on deposits to non-residents of the Republic of Uzbekistan who do not have tax resident status, in the amount established by the legislation of the Republic of Uzbekistan (10% of the amount of interest paid).

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

Allowed, provided that a minimum amount of 500 (Five Hundred) US Dollars 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 5.5%.
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If the funds deposited by the client are withdrawn in full or in part before the maturity date, the accrued interest will be recalculated at 5.5% per annum.
Any overpaid interest amounts will be deducted by the Bank from the principal deposit.
Interest is paid for the actual number of full months during which the funds were held in the deposit. No interest is accrued for incomplete months.

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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