World Savings Day: The Safest Investment

Every year on this day, October 31, the World Savings Day is celebrated, reminding us that our future starts today. This sounds simple, but isn’t it true that simple steps change the future?

• How It All Started

In 1924, on the last day of the first International Savings Bank Congress in Milan, at the proposal of Italian professor Filippo Ravizza, October 31 was declared the “International Savings Day”. Representatives of 29 countries gathered in Milan to debate on one issue:

How to restore people's confidence in savings?

The thing is, after the Great Depression, the trust that people had in the financial system and savings reduced drastically. Thus, this idea could help restore the broken trust. After all, saving money wisely is one of the most important ways to gain a higher standard of life. Thus was born a day, which was supposed to serve as a yearly reminder:

Saving means taking care of our future.

• Why Save?

As they say, "Saving isn't just a habit—it's an investment in your future."

Life is full of surprises, and as we all know, financial resources are not infinite. And when you realize that even small savings can lead to big changes,

Thinking about the future becomes a source of aspiration, not anxiety.

• How to MULTIPLY Your Savings?

One of the simple, yet time-tested answers to this question is a deposit.

Even in the first savings banks established in Europe, people could not only store their money, but also multiply it. Since then, deposits have become one of the pillars of financial stability, allowing people to turn their savings into a source of income.

Smart tips that actually work:

• Change your perception: Your savings don't "get lost," they work for you, increasing your income. It's an asset, not a liability.
• View your savings as an investment, not a limitation: Each deposited amount is another step towards your financial freedom.
• Set a goal: When starting savings or choosing a deposit term, think about a specific goal.
• Choose a type of deposit that suits your goal: If you’re planning to contribute to long-term financial goals, choose “Top-up” deposit, and if you wish to save for your child's future, choose a “For Kids”
• It's not only how much you save that matters – it’s also where you save, because choosing the right place to save is not only a financial decision, but also a question of choice of security over uncertainty, growth over stagnation, and planning over chance.

How to Choose Wisely?

• What We Offer

In keeping with the spirit of the World Savings Day, AraratBank continues to cultivate the culture of savings and financial stability. The Bank offers a wide variety of deposit options for both individuals and legal entities, with a good mix of attractive interest rates, flexible terms and customer-centric features.

AraratBank deposits keep your savings safe while generating a steady and predictable income. With its longstanding expertise and credibility, the Bank positions itself as a reliable partner for all those who value ​​responsible financial planning and confidence in the future.

AraratBank is regulated by the Central Bank of Armenia.