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Special Offers 
Grow your cash reserves with a competitive interest rate: invest your free funds and receive guaranteed returns.
- Term deposits are attracted in AMD, USD and EUR.
- The amount of the deposit is not changed during the tenor of deposit agreement.
- In case per depositor’s request the term deposit is returned before maturity or before the emergence of the circumstances, as described in the agreement, the interest payable is calculated at the interest rate, set by the bank, provided that it does not exceed the interest accrued on the term deposit. In case the interest payable resulting from the early redemption is less than interest paid, the bank retains the right to debit other accounts of the client or the principal of the term deposit with the difference.
- In case the depositor doesn’t request the amount at the end of maturity or when the circumstances, stipulated by the agreement, emerge, the agreement is considered to be prolonged with the terms and conditions of a demand deposit agreement, if nothing else is stipulated by the agreement.
- During the effect of the deposit agreement the interest rate shall not be unilaterally decreased by the bank.
- At the end of maturity of term deposit the principal is credited to the current account or demand deposit account at client option.
- Interest is accrued on term deposit account based on a 365-day (three hundred sixty-five) calendar year and paid at the end of maturity. The accrued interest is credited to the current account and/or demand deposit account of the depositor. The interests of Term deposit in Armenian drams shall be paid in Armenia drams. In case of foreign currency deposits, the interests shall be paid in Armenian drams or in foreign currency at Customer’s choice, making necessary currency conversion into AMD at the exchange rate established by the Bank.
- All disputes between the bank and the client are subject to regulation in the courts of the Republic of Armenia.
- When paying accrued interest to a non-resident Legal entity depositor, the Bank acts as the depositor's tax agent, withholding tax and transferring it to the state budget. For non-resident Legal entity depositors, the tax amount may differ depending on the legislation of the given country and the regulations set forth by agreements between that country and the Republic of Armenia.
- Interest is calculated from the day of investment till the previous day of maturity.
- Interest is paid either at maturity or in monthly, quarterly, semi-annual or annual installments, as the Customer wishes.
| CURRENCY | AMOUNT** | 1 MONTH*** | 3 MONTHS*** | 6 MONTHS*** | 12 MONTHS*** | 18 MONTHS*** | 24 MONTHS*** |
|---|---|---|---|---|---|---|---|
|
AMD
|
1,000,000 - 300,000,000*
|
5.5%
|
6.75%
|
8.5%
|
9.25%
|
9.5%
|
9.75%
|
|
USD
|
3,000 - 1,000,000*
|
1%
|
2%
|
3.25%
|
4.75%
|
4.75%
|
5%
|
|
EUR
|
2,000 - 500,000*
|
0.25%
|
0.5%
|
1.25%
|
1.75%
|
2%
|
2.75%
|
*For amounts over the set limits (inclusive the sum of all acting deposit amounts), the rates will be negotiable.
**The minimum amount of term deposit for non-resident overseas client is USD 30,000 or c/v in other currency.
***In case of monthly, quarterly, half-yearly or yearly interest payments, the nominal interest rate will decrease by 0.25 percentage points, except for 18- or 24-month AMD deposits, the nominal interest rate of which will decrease by 0.5 percentage points.
The interest on the funds in your account is calculated on the basis of the nominal interest rate. And the Annual Percentage Yield (APY) shows how much income you would earn if the interest is being compounded to your deposit. APY is the same as nominal interest rate.
| Title | Tariffs* |
|---|---|
|
Statements of account charges
|
|
|
Monthly
|
free
|
|
Duplicate up to 6 months**
|
3,000
|
|
Duplicate over 6 month**
|
6,000
|
|
Certificate of balance related to accounts or loans**
|
3,000
|
|
Validation of Internal proxy**
|
5,000
|
|
Bank confirmation of information for audit purposes**
|
10,000
|
|
Cash deposit into accounts (AMD/USD/EUR)
|
0%
|
|
Exchange or cash deposit of EUR 500 on an account
|
1%
|
|
Cash withdrawal from account against cash credits (deposits) for AMD/USD/EUR
|
0%
|
|
USD cash withdrawal from account against non cash credits
|
0.5%
|
|
EUR cash withdrawal from account against non cash credits
|
1%
|
|
AMD cash withdrawal from account against non cash credit
|
0.2%
|
|
Exchange of worn out Foreign Currencies quoted by the bank
|
3%
|
|
Exchange or cash deposit of USD 5, 10, 20, 50 banknotes issued before 2004 and USD 100 banknotes issued before 2009***
|
1%
|
|
Withdrawal of USD 5, 10, 20, 50 banknotes issued before 2004 and USD 100 banknotes issued before 2009
|
0%
|
*Tariffs are presented in AMD
**VAT included
***No fee will be charged from the Bank's customers when depositing a total of up to USD 1000 per day in said banknotes.
Note 1: GBP banknotes issued earlier than 1 January 2016 will not be accepted by the Bank.
Note 2: For cash withdrawals of AMD 20 million and USD/EUR 30,000 or more, customers need to notify the Bank at least 2 business days in advance. If prior notice is not provided, the Bank reserves the right not to execute the transaction.
The restrictions on the account-holder to handle the balance of the account, as well as the debiting of the account without the instruction of the account-holder is possible under the court resolution with the decision of the Judicial acts compulsory enactment service or tax authorities.
According to the law of the RA “On Combating against Money Laundering and Terrorism Financing” the Bank for proper investigation of clients' profile can obtain additional documents or other information as per Know your customer-principals, also during verbal communication ask additional questions from the client (in case of need).
According to an agreement with the United States of America regarding the Foreign Account Tax Compliance Act (FATCA) - the Bank may request or gather additional information in order to identify Borrower’s status as a USA taxpayer.
In accordance with the requirements of the Common Reporting Standard (CRS) established by the Organization for Economic Cooperation and Development (OECD), the Bank may collect additional information to determine whether you are a tax resident of any foreign country or territory.
Information about loans are also presented on www.fininfo.am web page, section “Your financial info center”, which is an electronic system for searching and comparing of services and makes it easy for you to choose which option is the easiest way for the most efficient option selection.
