Banks ranking
Deposit ranking
Deposit calculator
14%
Kutakain kensatoshakain
Edited: 14:45, 22.09.2018

Deposit Amount: starting with 10.000 Dram.

Deposit Period: 5 years.

13%
Bareketsik apaga
Edited: 14:36, 22.09.2018

Deposit Amount: starting with 50.000 Dram.

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.

› details...

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.

12%
Baby
Edited: 17:17, 22.09.2018

Deposit Amount: starting with 30.000 Dram.

Deposit Period: up to 2 years.

11%
Manuk
Edited: 14:36, 22.09.2018

Deposit Amount: starting with 10.000 Dram.

Deposit Period: 5 - 16 years.

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)

10.75%
Karas
Edited: 14:28, 22.09.2018

Deposit Amount: 10.000 - 100.000.000 Dram.

Deposit Period: 6 - 60 months.

› details...

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.

10.5%
Beneficial
Edited: 17:23, 22.09.2018

Deposit Amount: starting with 30.000 Dram.

Deposit Period: 731 - 1.095 days.

10.25%
Time
Edited: 12:19, 21.09.2018

Deposit Amount: starting with 50.000 Dram.

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.

› details...

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.

10.18%
With interruption
Edited: 12:35, 21.09.2018

Deposit Amount: starting with 500.000 Dram.

Deposit Period: up to 730 days.

10%
Term
Edited: 10:40, 23.09.2018

Deposit Period: 546 - 728 days.

› details...

1. The bank shall not decrease at its sole discretion the interest rate applied to the placed deposit, should otherwise be prescribed by the law

2. The periodicity of payment of interests shall be set by the term deposit agreement: monthly or at maturity.

3. Interests accrued on the placed deposits are paid exclusively in Armenian Drams irrespective of the currency of the placed deposit. Interests accrued on foreign currency deposits shall be converted into Armenian Drams at the respective average exchange rate fixed in the currency market as announced by the Central Bank of RA on the date of payment. Interests accrued on attracted deposits are paid in cash or non-cash as per depositor's request.

4. Should the depositor request repayment of the deposit or a part thereof before the maturity set by the term deposit agreement, instead of the interests set by the term deposit agreement interests on the deposit or a part thereof shall accrue and be paid at a rate fixed by the bank for demand deposits at the time of receipt of such request, and should the interests set by the term deposit agreement be already paid, the deposit shall be deemed repaid in the amount of interests accrued and paid to the depositor in excess of interests on demand deposits. Should the depositor request repayment of the part of the deposit before the maturity set by the term deposit agreement, interests set by the term deposit agreement shall continue to accrue on the outstanding balance of the deposit.

5. Should a repayment of the deposit or a part of it be requested within the period of prolongation of the deposit agreement, the interest stipulated in the deposit agreement shall be paid for the preceding period(s) and the interest for the given period shall be calculated and paid according to paragraph above.

6. Should the deposit not be withdrawn within the terms set by the term deposit agreement, this agreement shall be deemed to be prolonged by such a choice of the depositor.

1. for a similar period (including maximum three times following the expiry of the term of each prolonged deposit) under the terms existing in the bank for the given deposit type at the moment of prolongation, or

2. under terms set by the bank for demand deposits, should otherwise be prescribed by the term deposit agreement.

7. In case of non-receipt of the deposit interests in terms set by the term deposit agreement, no further interests shall accrue on such interests.

8. Should the deposit be placed for 274 days or longer or be prolonged for a term no shorter than the aforementioned, the Depositor may supplement the Deposit only by the 180th day preceding the expiry of the (prolonged) term of the Deposit and only with amounts not to exceed the Deposit balance existing at the moment of placement (prolongation). Interest shall accrue on amounts added to the Deposit at the rates and conditions of interest accrued on the Deposit.

No amounts shall be added to the Deposit in case of placement for a term less than 274 days, and in case of prolongation the amounts shall be added only on prolongation day and the amounts shall not exceed the Deposit balance. Should the Depositor request repayment of a part of the Deposit after adding amounts to the Deposit, then shall be primarily repaid amounts added to the Deposit in reverse timing order, and the demand interests set by article 2.5 of this Agreement shall accrue from the day following the date of adding them to the Deposit to the day preceding the date of its prepayment to the Depositor.

10%
Kids
Edited: 15:14, 19.09.2018

Deposit Amount: starting with 15.000 Dram.

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.

› details...

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.
10%
Standard
Edited: 12:45, 20.09.2018

Deposit Amount: up to 10.000.000 Dram.

Deposit Period: 550 - 730 days.

9.75%
Term
Edited: 16:50, 21.09.2018

Deposit Amount: starting with 1.000.000 Dram.

Deposit Period: up to 24 months.

› details...
  • Term deposits are attracted in AMD, USD and EUR.
  • The amount of the deposit is not changed during the tenor of deposit agreement.
  • In case per depositor’s request the term deposit is returned before maturity or before the emergence of the circumstances, as described in the agreement, the interest payable is calculated at the interest rate, set by the bank, provided that it does not exceed the interest accrued on the term deposit. In case the interest payable resulting from the early redemption is less than interest paid, the bank retains the right to debit other accounts of the client or the principal of the term deposit with the difference.
  • In case the depositor doesn’t request the amount at the end of maturity or when the circumstances, stipulated by the agreement, emerge, the agreement is considered to be prolonged with the terms and conditions of a demand deposit agreement, if nothing else is stipulated by the agreement.
  • During the effect of the deposit agreement the interest rate shall not be unilaterally decreased by the bank.
  • At the end of maturity of term deposit the principal is credited to the current account or demand deposit account at client option.
  • Interest is accrued on term deposit account based on a 365-day (three hundred sixty-five) calendar year and paid in AMD at the end of maturity. The accrued interest is credited to the current account and/or demand deposit account of the depositor. In case of a foreign currency deposit, the accrued interest is converted to AMD at the rate, set by the bank, and paid.
  • All disputes between the bank and the client are subject to regulation in the courts of the Republic of Armenia.
  • Interest is calculated from the next day of investment till the previous day of maturity.
  • Annual interest rate and annual percentage yield (APY) for the deposit are the same.
9.5%
Accumulative
Edited: 12:30, 21.09.2018

Deposit Amount: starting with 50.000 Dram.

Deposit Period: up to 730 days.

* Deposit replenishment is possible up to the specified maximum amount through the whole period of deposit agreement except for the last 30 days preceeding deposit maturity. Deposit principal may be replenished by funds received from a third party in case of mentioning required data on deposit account.
** Annual Percentage Yield

Terms of deposits of non-resident individuals are defined on contractual basis.

› details...

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.

9.5%
Gtnvats eraz
Edited: 14:41, 22.09.2018

Deposit Amount: starting with 10.000 Dram.

Deposit Period: up to 1 years.

9.5%
Cumulative
Edited: 17:36, 22.09.2018

Deposit Amount: 5.000 - 100.000.000 Dram.

Deposit Period: 365 - 730 days.