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Unibank deposits review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Unibank deposits pay a headline rate of 7% to 10.5% on a fixed term, above a typical term deposit rate of 6%. The account suits savers in Azerbaijan who can leave money untouched to maturity, and is a poor fit for anyone who may need the cash sooner.

Key facts

Best for
Fixed-term savings in Azerbaijan for money that can stay put until maturity.
Headline rate
7% to 10.5%↗
Rate type
Fixed↗
Term
3 to 24 months↗
Minimum deposit
AZN 500↗
Access terms
Withdrawal at maturity or monthly interest payout; premature withdrawal pays 0-25% of the annual rate↗
Account kind
Fixed↗
Legal entity
UNIBANK Commercial Bank Open Joint-Stock Company↗
Headquarters
Azerbaijan↗
Founded
1992↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
Fixed rate
Official website
unibank.az

Facts checked September 26, 2026, 3 sources

Apps and profiles

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Pros and cons

Pros

  • Headline rate of 7% to 10.5% on a fixed deposit, above a typical term deposit rate of 6%.
  • Term of 3 to 24 with interest paid at maturity or monthly, so the payout can match the plan.
  • A minimum deposit of AZN 500 keeps the entry point modest for a fixed placement.
  • Regulated by the Central Bank of the Republic of Azerbaijan under licence 73, and listed with the State Securities Committee of the Republic of Azerbaijan under 51.

Cons

  • Premature withdrawal pays a reduced share of the annual rate, so money taken back before maturity earns less.
  • The term of 3 to 24 runs past the 12 typical term deposit, tying up the cash for longer.
  • The account kind is fixed, so there is no flexible balance here and the money stays committed to the agreed term.
Unibank deposits

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Scored 9.4 / 10 by SumCue.

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Who it suits

  • Savers in Azerbaijan who can hold a fixed placement to maturity and leave the balance alone.
  • People who would rather have the interest paid monthly than wait for the end of the term.
  • Readers weighing a 7% to 10.5% Azerbaijani term deposit against the rates listed for other lenders.

Who should look elsewhere

  • Savers who need cash on demand, since the deposit is fixed and pays at maturity or monthly, where bunq's savings interest of 3.01% is the other side of the comparison.
  • UK readers who prefer a UK interest balance, which pays 3.29% at Wise.
  • Savers who want a euro deposit to weigh it against, since Finteres lists 0% to 36%.

Rates and card terms

Unibank's deposit pays a fixed rate of 7% to 10.5% for a term of 3 to 24. Because the rate is fixed, a later change in market rates will not change what the account pays over the term. Both shorter and longer placements sit inside that range, so the length can be matched to the date the money is needed.

How Unibank deposits compares

Where Unibank deposits is available

Available
Azerbaijan
Licence in Azerbaijan
Central Bank of the Republic of Azerbaijan (73), checked September 26, 2026
Licence in Azerbaijan
Central Bank of Azerbaijan, checked September 26, 2026
Licence in Azerbaijan
State Securities Committee of the Republic of Azerbaijan (51), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Unibank pay on a fixed deposit?+

The deposit pays a fixed rate of 7% to 10.5%, with the rate type set as fixed at the point the account is opened. Interest is paid at maturity or as a monthly payout, so the money is returned with the interest at the end of the agreed term.

How long do I need to leave the money in place?+

The term runs 3 to 24, which leaves room for a shorter placement or a longer commitment. A longer term suits money with a known date of need, while a shorter one suits a sum that could be wanted sooner. The rate holds for the whole term.

What is the smallest amount I can deposit?+

The minimum deposit is AZN 500, a modest entry point for a fixed placement. The account kind is fixed, so the balance is committed to the agreed term rather than sitting as a flexible pot you can add to at will.

What happens if I withdraw before the term ends?+

Premature withdrawal pays a reduced share of the annual rate, so money taken back early earns less across a term of 3 to 24. The stated terms allow withdrawal at maturity or a monthly interest payout, so the schedule is clear, but an early exit is not cost free.

Who regulates Unibank?+

Unibank is regulated by the Central Bank of the Republic of Azerbaijan, licence 73. It also appears with the State Securities Committee of the Republic of Azerbaijan, 51. The legal entity behind the deposits is UNIBANK Commercial Bank Open Joint-Stock Company.

How do I get help with a deposit?+

Support runs through email, chat and phone, so a question about a placement can be raised by phone, by email, in chat or through the help centre. The same channels handle the term and payout questions that come up once the account is open.

Is Unibank a new bank?+

The bank was founded in 1992 and is headquartered in Azerbaijan, which makes it an established Azerbaijani institution rather than a new entrant. The legal entity is UNIBANK Commercial Bank Open Joint-Stock Company, and the deposits sit under that name.

How does this rate compare with other term deposits?+

A typical term deposit rate on the comparison sits at 6%, and the upper quartile reaches 12.2%, so 7% to 10.5% sits above the middle. The typical term deposit lasts 12, shorter than this bank's 3 to 24.

Sources

  • unibank.az/en checked September 26, 2026

    Backs: Licences

  • unibank.az/en/aboutBank checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Support channels

    “Unibank is one of the largest private banks established in Azerbaijan in July 1992 under the name of MBank”

  • unibank.az/en/deposits/index checked September 26, 2026

    Backs: Account kind

    “Term - Open a deposit account and increase your money!”

  • unibank.az/en/deposits/view/10/term_ checked September 26, 2026

    Backs: Access terms, Headline rate, Minimum deposit, Pricing model, Rate type, Term

    “At the end of period / Monthly ... If the term more than 361 days, the withdrawal of the deposit will be at an interest rate of 25% of annual interest rate”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Deposit protection.

Related by the facts

Unibank deposits

Unibank deposits

Fixed-term savings in Azerbaijan for money that can stay put until maturity.

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