Gold

Edited: 12.12.2024
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VTB Bank (Armenia)

VTB Bank (Armenia)

  • Sum: 100,000.00 - 50,000.00 Dram
  • Period: 365 days
  • Payment՝ yearly
  • Adding: prohibited
  • Reduce: prohibited
  • Termination: allowed (0.01%)

Percentage of the deposit is paid at the end of the term: a fixed interest rate plus the XAU rate of the Central Bank of RA on the day preceding the deposit agreement’s expiration date, and the percentage change in the XAU rate of the Central Bank of RA on the date of signing the agreement, but not exceeding 12% per annum.


Annual Interest Rate on the Deposit

8%

Annual Recalculation Rate at the End of the Deposit Term on the Entire Deposit Amount

8% + the percentage change in the XAU rate of the Central Bank of RA on the date preceding the contract expiration (the last day of interest accrual) compared to the XAU rate of the Central Bank of RA on the contract opening date.

  • If the percentage change is
  • If the percentage change is >0 (increase in the gold rate), the fixed rate of 8% + X% (XAU rate growth) applies, with a maximum cap of 12%.
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