Individual
Deposits
Deposits
Top-up deposit

Top-up deposit

We offer our options for increasing your incomes.

Period

91-459 days
Currency

AMD, USD
Max percentage

AMD -9%, USD - 3․5%

Calculator

Acceptance Conditions

Currency	Minimum sum of deposit	Annual percent	Annual interest yield	Minimum size of deposit acquisition	Deadline of deposit acquisition
period of 91-180 days
AMD	10.000	5.5%	5.5%	7.000	30 days
USD	30	0.5%	0.5%	15	30 days
period of 181-270 days
AMD	10.000	6.5%	6.5%	5.000	30 days
USD	30	1.5%	1.5%	10	30 days
period of 271-365 days
AMD	10.000	8%	8%	5.000	30 days
USD	30	2.5%	2.5%	10	30 days
period of 366-459 days
AMD	10.000	9%	9%	5.000	30 days
USD	30	3.5%	3.5%	10	30 days

Interest amounts over top-up deposits shall accrue based on nominal (simple) interest rate. Annual interest yield shows the amount of income to be received by the depositor after redepositing the received interests

Required documents

A passport (or identification card) or a military record book, and where a depositor is a foreign citizen (except for dual citizenship), passports shall be translated into Armenian and notarized.
A social card or a reference on issuing a public service number.
A power of attorney certified by a notary public, where a person is authorized to deposit and/or manage funds.

Plastic cards to depositors

Plastic cards shall be issued with no annual service fee and minimum required balance.

Currency	MC Standard/Visa Classic	MC Gold/ Visa Gold	MC Gold/Visa Gold, Diners Club Young Professional
AMD	Up to 10,000,000.00 initial deposited amount	From 10,000,001.00 up to 25,000,000.00 initial deposited amount	25,000,001.00 and over initial deposited amount
USD	Up to 20,000,00 and over initial deposited amount	From 20,001.00 up to 50,000.00 initial deposited amount	50,001.00 and over initial deposited amount

Important to know

Interest rates for deposits of AMD 80,000,000 and over or equivalent in foreign currency shall be set by agreement.
Deposits may be topped up at any time on the 30th day prior to the expiry of the deposit agreement.
Bank and card accounts shall be opened for the Depositor free of charge. Once the deposit is repaid and the deposit agreement is not extended within one month, the current account shall become paid based on the rates applicable at the bank.
Where the depositor claims the deposit amount earlier than stipulated by the agreement, an interest rate of 0.1% shall be accrued annually. As for the interests paid in excess, such interests shall be charged from the deposit amount to be paid back to the customer.
Frequency of interest payments – monthly, quarterly, or at the end of the term, may be chosen by the customer.
The depositor shall be issued MasterCard Standard free of charge, with no annual service fee and no minimum balance requirement.
Accrued interest amount is taxable by income tax pursuant to the Armenian Law on Income tax, whereas the BANK shall act as a tax agent for income tax.
If the DEPOSITOR does not claim the DEPOSIT after the maturity date, the BANK shall transfer the DEPOSIT amount to the account opened in the DEPOSITOR’s name and any interests shall accrue thereon at the rates applicable in the BANK.

Deposits with AraratBank are guaranteed by the “Deposit Guarantee Fund”. Deposits (accounts) in AMD as well as in foreign currency invested by individuals and private entrepreneurs are guaranteed. Maximum amount of deposits in AMD to be guaranteed is AMD 10 million, and maximum amount of deposits in foreign currency is AMD 5 million. No actions are required from the DEPOSITOR to guarantee their deposits. Deposits are deemed as guaranteed from the moment they are placed.

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