Saving and investing basicsStep 1 of 6
Deposits and deposit insurance
Term and demand deposits, interest and compounding, the Deposit Insurance Fund, and why a very high rate is a reason to check.
First salary, first deposit
Tural has received his first salary and wants to put part of it aside every month. At the bank they tell him: "You can open a deposit." A deposit means giving your money to a bank on agreed terms: the bank uses it and pays you interest in return.
Tap a card to flip it
Only open a deposit at a bank licensed by the Central Bank. You can check the licence on cbar.az before you go.