Ayandeh Bank begins issuing high-yield time CDs

Ayandeh Bank begins issuing high-yield time CDs

In compliance with the policies of the Central Bank of Iran, Ayandeh Bank has begun issuing high-yield time certificates of deposit (CDs) in all its branches across the country as of February 17. 

The CDs yield an annual percent rate of 20 percent, paid monthly.  The minimum balance to open a time CD is one million rials.  

To learn more, visit www.ba24.ir. 

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements.

A CD restricts access to the funds until the maturity date of the investment.