Yelo Bank: Yelo Bank has launched a new savings product, “Yelo Flexible,” tailored for individuals who value flexibility in their financial and personal lives. This innovative account not only offers an attractive annual interest rate of up to 8% but also provides unprecedented freedom in managing savings.

According to Trend News Agency, “Yelo Flexible” enables account holders to adjust their savings dynamically. Users can increase or withdraw funds at any time without facing penalties, making it an ideal choice for those with fluctuating income or spending needs. The interest on these deposits is compounded monthly, ensuring that account holders benefit from the maximum possible growth of their savings.

The account further distinguishes itself by offering monthly interest payouts through the Yelo Light card, enhancing the liquidity and usability of the earned interest. Additionally, the management of the “Yelo Flexible” savings account is streamlined through the Yelo App, which supports transactions from b
oth Yelo Bank and other financial institutions. This feature is particularly useful for users who need quick access to their funds.

Another significant advantage of the “Yelo Flexible” account is its no-fee policy on withdrawals and account closures. Customers can retrieve their funds at any time without forfeiting any of the interest accrued, which is not always the case with traditional savings accounts.

The product accepts deposits in both the local currency, AZN, and USD, with terms extending up to 36 months. This flexibility in currency and term, along with the robust interest rate and ease of management, positions “Yelo Flexible” as a compelling option for savers seeking both yield and flexibility.