Term deposit designed for resident and non-resident legal entities and individuals. Terms of interest payment are made monthly or at the end of the term depending on the depositor’s preference, to the depositor's bank account or card account. Interests are not subject to capitalization. All the depositors are receiving a UNIPAY, unified system of utility payments card as a gift, the legal entities are also getting “Internet Bank-Customer” system.
Tariffs and penalties 1. The term deposit account is serviced through bank accounts. If the customer does not hold a bank account in “Unibank” OJSC, the Bank opens an AMD bank account for the depositor making term deposits in AMD, while in case of foreign currency term deposits, besides the foreign currency bank account, an AMD bank account is also opened. 2. The annual service fee for the resident and non-resident term deposit making Individuals comprises 1200 and 100000 AMD respectively. Deposit account statements and their copies are provided free of charge with no time limit. The Bank is entitled to unilaterally close the customer's bank account if the customer has not provided the service fees set by the Bank tariffs, the non-decreasing balance and/or has not made transactions for over a year. 3. The annual service fee for the resident and non-resident term deposit making Legal entities comprises 5000 and 100000 AMD respectively. Deposit account statements and their copies are provided free of charge with no time limit. The charge for providing copies of a separate reference or document is 1000 AMD, and 5000 AMD for a bundle (documents of a certain period). The Bank is entitled to unilaterally close the customer's bank account if the customer has not provided the service fees set by the Bank tariffs, the non-decreasing balance and/or has not made transactions for over a year. 4. In case of premature termination of a bank deposit agreement on the depositor’s initiative: a) the paid interest is deducted from the deposit amount, if the term deposit agreement stipulates a monthly interest payment, b/ interest is recalculated at the rate of demand deposit set by the bank for the actual period of funds being on deposit. 5. The bank deposit agreement can be prolonged on terms specified by the deposit agreement. If the depositor does not require to pay the deposit amount after the expiration of the deposit or to extend it in accordance with the terms of the agreement, then the term deposit is considered extended in accordance with the terms of the demand deposit set by teh bank. The Bank is entitled to alter the interest rates calculated on the bank account balance in accordance with the tariffs aaproved by the Executive Board of Unibank OJSC unless otherwise provided by the bank account agreement. 6. Money received from the third parties may also be credited to the depositor's account in the name of the Depositor, indicating the necessary data about their deposit account. 7. The amount of interest on the Deposit, determined by the Bank Deposit Agreement, during the term of the deposit is not subject to unilateral reduction by the Bank. 8. The interest on the funds in the deposit account is calculated on the basis of the Nominal interest rate. 9. The annual percentage yield shows the percentage that the depositor will receive for a 1000 USD deposit for a 365-day period through the application of a simple annual interest rate, and as a result of the frequency of compounding and payment of interest.
ATTENTION: THE INTEREST RATES ON THE AVAILABLE BALANCE OF YOUR ACCOUNT ARE CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE. THE ANNUAL PERCENTAGE YIELD SHOWS HOW MUCH PROFIT YOU WOULD HAVE MADE IF YOU HAD DONE ALL THE MANDATORY PAYMENTS RELATED TO THE DEPOSIT AND AS A RESULT OF RECEIVING INTEREST RATES ESTABLISHED PERIODICALLY. SEE THE FORMULA FOR CALCULATING THE ANNUAL INTEREST RATE BELOW.
