“Term” deposits for individuals


We offer our options for term deposits
 
Currency Annual interest rate**
Term deposits
45-90 days
AMD 4.50 %
USD 0.50  %
91-180 days
AMD 6.00 %
USD 1.50 %
181-270 days
AMD 7.00 %
USD 2.50 %
EUR 2.00 %
271-365 days
AMD 8.50 %
USD 3.50 %
EUR 2.50 %
366-546 days
AMD 9.50 %
USD 4.75 %
EUR 3.00 %
546 days and more
AMD to be agreed
USD
EUR
 
Note
- Interest rates for deposits of AMD80,000,000 and over or equivalent in foreign currency shall be set by agreement.
- 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.


Interest amounts on term deposits shall be calculated based on nominal (simple) interest rate. Annual interest rate of deposits shows the amount of income to be received by the DEPOSITOR after making mandatory payments under the deposit. 

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 2 million, and maximum amount of deposits in foreign currency is AMD 1 million. No actions are required from the DEPOSITOR to guarantee their deposits. Deposits are deemed as guaranteed from the moment they are placed. 

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.

If the DEPOSITOR does not get the interests within the preset term, 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.

Refer to www.abcfinance.am for the Financial Assistant System.
 
The BANK does not bear any responsibility for the contents, accuracy and validity of information on the linked websites, any advertisements placed thereon, and the possible consequences of using the information.



Please refer to https://www.abcfinance.am/finhelper/index.php?type=depositto get understanding of the system of financial assistance.




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