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7%
Bareketsik apaga
Edited: 14:36, 22.09.2018

Deposit Amount: starting with 200 US Dollars.

Deposit Period: 10 years.

Deposit is a way of investing money for all those who want to build their carefree and financially secured future already now.

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You only need to:

  • make first investment
  • add amounts to your deposit by defined regularity.

Deposit term consists of accumulation and allocation terms. Accumulation term should be at least 10 years during which the depositor adds amounts to the deposit amount. At the end of accumulation term the depositor by his/her willingness may get the entire amount at once in case of which the agreement is considered completed or define allocation term and get the accumulated amount in equal parts due to the schedule preferred by the depositor, moreover during the allocation term interests continue to be calculated upon the balance value.

6.5%
Karas
Edited: 14:28, 22.09.2018

Deposit Amount: 100 - 200.000 US Dollars.

Deposit Period: 6 - 60 months.

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The depositor may make partial withdrawals of the deposit amount during the deposit period. In this case, the interest accrued as of the date of withdrawal shall be recalculated at the interest rate set for the preceding, shorter maturity period applied for the deposit Karas, for the time period starting from the date of making the deposit until the date of withdrawal of the respective amount. If less than the minimum deposit term set for the deposit Karas has passed from the date of signing of the deposit agreement until the date of withdrawal of the amount, then recalculation is made at the interest rate currently applied at the Bank for the demand deposit.

6.25%
Manuk
Edited: 14:36, 22.09.2018

Deposit Amount: starting with 100 US Dollars.

Documents required by the Bank for placing a deposit:

a/ Passport of the authorized representative of the Depositor
b/ Certificate of Birth or Passport of the Depositor
c/ Social Security Card of the authorized representative of the Depositor (for RA residents)

5.5%
Baby
Edited: 17:17, 22.09.2018

Deposit Amount: starting with 100 US Dollars.

Deposit Period: up to 2 years.

5.5%
Beneficial
Edited: 17:23, 22.09.2018

Deposit Amount: starting with 100 US Dollars.

Deposit Period: 731 - 1.095 days.

5.25%
Time
Edited: 12:19, 21.09.2018

Deposit Amount: starting with 150 US Dollars.

Deposit Period: 551 - 730 days.

Repleshimment and withdrawal of a deposit is not allowed.

The Depositor has right of depositing for the benefit of a third party.

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ATTENTION! Interests are calculated based on nominal interest rate, while annual percentage
yield shows the income You could earn if you re-deposited the interests you get.

5.25%
Standard
Edited: 12:45, 20.09.2018

Deposit Amount: up to 10.000 US Dollars.

Deposit Period: 550 - 730 days.

5%
Kids
Edited: 15:14, 19.09.2018

Deposit Amount: starting with 50 US Dollars.

Deposit Period: 2 - 18 years.

By investing the deposit “For Kids” today you will take care of your children’s well-being in the future. The deposit account “For Kids” will be opened in the name of the parent. You may later add any amount to it at any time, capitalize accrued interests and add to principal, withdraw the principal amount of deposit leaving the accrued interest amount unchanged, make use of credit lines, get loans under credit programs of ARARATBANK OJSC at preferential interest rates, and get an ArCa Classic card of individual design.

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Notes

  1. Minimum deposit amount is AMD15,000 (fifteen thousand) or USD50 (fifty).
  2. Deposits may be topped up during the whole period of agreement except during the 30 (thirty) days preceding maturity date of the Agreement.
  3. The interest rate of the deposit shall be fixed for two years and shall be revised once in every two years thereafter.
  4. Accrued interests are subject to taxation at the moment they are paid out to the customer as provided by the Armenian Law on Income Tax.
  5. If the depositor claims the deposit principal before the second anniversary after the deposit agreement has been executed, an interest rate of 0.1% per annum shall apply over that amount for a period between the date the deposit was invested and the date the deposit was claimed, and any amounts paid in excess of recalculated interest shall be withheld from the principal amount of deposit.

Advantages of deposit “For Kids”

  • Interests may be paid on annual basis by crediting them on the Customer’s bank account or card account, as the Customer may choose, and may be capitalized and added to the principal once in a year.
  • If the deposit amount is claimed after the second anniversary of the deposit agreement, the interest rate applicable for deposit “For Kids” shall apply starting the date the deposit was invested through the date preceding the day of claiming the deposit, except for the period lying between last interest payment date and the date of claiming the deposit, such period being subject to an interest rate of 0.1% per annum.
  • At his/her discretion the depositor may be issued an ArCa Classic card of an individual design with no annual maintenance fee.
    • At his/her discretion the depositor may be approved a line of credit with a maximum limit of 80% of the deposit amount until the maturity date of the deposit, at the annual interest rate of the deposit +2%.
  • The depositors will be provided a discount of 0.5% over the per annum interest rate of the loans they may get under the credit programs implemented by ARARATBANK OJSC.
5%
For Children
Edited: 16:28, 03.09.2018

Deposit Amount: starting with 200 US Dollars.

  • The depositor can make deposit amount top-ups anytime during the validity period of deposit agreement*
  • The interest income is being calculated daily on the available balance of the account

*except for the last three months of the deposit validity period.

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Time deposit accounts for children can be opened in AMD and USD. Minimum amount of the deposit comprises 50,000 AMD or 200 USD: The Time deposit for children can last until the 18th birthday of the child.
  • The depositor has a right to top-up the deposit account during the deposit agreement validity period, except for the last three months of the deposit validity period.
  • The interest rate of the Time deposit for children is changed once a year, on the following day of the deposit account opening each following year (in case of a non-working day, the interest rate is changed the following working day).
  • The interest rate of the Time deposit for children and the annual percentage yield coincide.
  • During the validity period of the agreement the interest rates calculated for the deposit are added to the depositor's deposit account on the following day of the account opening each following year (in case of a non-working day, the interest rate is changed the following working day).
4.75%
Standard
Edited: 17:09, 20.09.2018

Deposit Amount: starting with 5.000 US Dollars.

Deposit Period: 546 - 730 days.

1. If the deposit amount is equal to 30.0 mln. AMD (or equivalent other currency) or more, the interest rates are determined on a contractual basis. 2. The Client doesn’t have a right to add or impair the deposit amount throughout the duration of the deposit contract. 3. The Client has the right to withdraw the amount of deposit before the maturity of the deposit agreement. In this case the Bank performs the recalculation of the interest, pays the 0.5% p.a. interest rate as stipulated by the deposit agreement and deducts the interest amount already paid. If the annual interest rate set for the deposit is less than or equal to 0.5%, then the Bank performs the recalculation of the interest, pays 0.0% annual interest, as stipulated by the deposit agreement and deducts the interest amount already paid. 4. Other terms and conditions are regulated by a contract or an additional agreement. 5. The client has the right to receive loans secured by pledged deposit according to the terms defined by the Bank. If the client presents the application for receiving loan until 12 o’clock of the banking day, the loan is provided on the same day till the end of the operation day. If the client presents the application for receiving loan after 12 o’clock of the banking day, the loan is provided during the next banking day.

4.75%
Classical
Edited: 12:01, 23.09.2018

Deposit Amount: 200 - 200.000 US Dollars.

Deposit Period: 366 - 730 days.

4.75%
Progress
Edited: 14:16, 22.09.2018

Deposit Amount: starting with 500 US Dollars.

Deposit Period: 1 - 18 months.

In case of monthly payment of interest, the deposit interest rate is defined 0.5% less from the appropriate schedule.

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In this case, the interest accrued as of the date of withdrawal shall be recalculated at the interest rate set for the preceding, shorter maturity period applied for the deposit Progress, for the time period starting from the date of making the deposit until the date of withdrawal of the respective amount. If less than the minimum deposit term set for the deposit Progress has passed from the date of signing of the deposit agreement until the date of withdrawal of the amount, then recalculation is made at the interest rate currently applied at the Bank for the demand deposit.

4.75%
Converse 25
Edited: 14:07, 22.09.2018

Deposit Amount: starting with 500 US Dollars.

Deposit Period: up to 25 months.

4.5%
Cumulative
Edited: 11:27, 21.09.2018

Deposit Amount: starting with 5.000 US Dollars.

Deposit Period: 546 - 730 days.

4.5%
Term
Edited: 16:06, 19.09.2018

Deposit Period: 366 - 546 days.

Note
- Interest rates for deposits of AMD 80,000,000 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.