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3%
Term
Edited: 16:51, 21.09.2018

Deposit Amount: starting with 2.000 Euro.

Deposit Period: up to 24 months.

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  • 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.
2.75%
Beneficial
Edited: 17:23, 22.09.2018

Deposit Amount: starting with 100 Euro.

Deposit Period: 731 - 1.095 days.

2.75%
Term
Edited: 10:40, 23.09.2018

Deposit Amount: up to 50.000 Russian Rubles.

Deposit Period: 546 - 728 days.

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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.

2.5%
Standard
Edited: 17:09, 20.09.2018

Deposit Amount: starting with 10.000 Euro.

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.

2.5%
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.

2.5%
Standard
Edited: 12:45, 20.09.2018

Deposit Amount: up to 10.000 Russian Rubles.

Deposit Period: 550 - 730 days.

2.5%
Classical
Edited: 12:01, 23.09.2018

Deposit Amount: 200 - 150.000 Euro.

Deposit Period: 366 - 730 days.

2.25%
Progress
Edited: 14:16, 22.09.2018

Deposit Amount: starting with 500 Euro.

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.

2.25%
Safe
Edited: 14:45, 19.09.2018

Deposit Amount: starting with 200 Euro.

Deposit Period: 331 - 365 days.

Choose “Safe” deposit with “ID Bank” CJSC and benefit 9.25% annual interest rate. You can deposit the amount either with or without the right to replenish. You can get free MasterCard Standard, MasterCard Gold plastic cards.

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Annual interest rate and the general terms and conditions for “Safe” deposits without the right to replenish attracted for 1 097 days and more, and for “Safe” deposit with the right to replenish attracted for more than 451 days and /or, exceeding AMD 100 000 000 (one hundred million), USD 200 000 (two hundred thousand) or EUR 200 000 (two hundred thousand) and attracted for more than 366 days and/or exceeding 12 000 000 (twelve million) million RUB shall be agreed and set out additionally.
4. Periodicity of replenishment of the deposit amount during the due date of the deposit agreement is not limited, and the deposit amount due to such replenishment may not exceed AMD 100 000 000 (one hundred million), USD 200 000 (two hundred thousand), EUR 200 000 (two hundred thousand), RUB 12 000 000 (twelve million). Interest on such replenished principal is accrued according to the interest rate set out by the deposit agreement, except for cases where the deposit is replenished on or before the 90th days prior to the maturity, at which the interest shall be calculated at the rate determined for the demand deposits. Both the Depositor and any other willing person may replenish the deposit unless otherwise is stipulated by the deposit agreement.
5. The minimum amount of the deposit is AMD 100.000 (one hundred thousand), or USD 200 (two hundred), or EUR 200 (two hundred), or RUB 12.000 (twelve thousand); such condition is to be met in order to receive the interest in accordance with the scales specified in clauses 1 and 2 of this information bulletin.
6. The Depositor may make the deposit for the benefit of the third party, which acquires the right to manage the deposit from the time of conclusion of the first deal with the deposit, representing the first requirement to the Bank based on such right, or submitting written request for such deal, and the Depositor (investor) shall loose its right to the deposit.
6.1. In case where the deposit is executed for the benefit of the third party (adult capable person) without the knowledge of the latter, the depositor shall himself bear the responsibility for the presentation of all ID documents of such third party and all the legal consequences thereof.
7. The deposit account may be replenished by any third parties, provided however that some information on the deposit account is provided by such third parties, unless otherwise is provided by the agreement.
8. Interest accrued on the deposit is paid on monthly basis or at the maturity.
9. Bank account in Armenian drams is opened for deposits in any currency.
10. Upon the request of the depositor the interest amount accrued on the deposit in foreign currency may be paid in the currency of the deposit, in cases other than those stipulated by the CBA. Unless the client requested receipt of the interest amount in the given currency, such interest shall be paid in Armenian drams on the basis of going exchange rate applicable by the Bank.
11. In the event of prior withdrawal of the deposit amount accepted by the Bank or a part thereof the interest accrued from the date of accepting the deposit until the day preceding to the day of withdrawal shall be re-calculated at the rate of demand deposit set for such currency.
12. In the event of prior withdrawals if the amount of interests received by the Depositor exceeds the amount due to the Depositor (transferred to the bank account or set off against other liabilities), the difference shall be deducted from the returned principal deposit amount and in case the amount of received interests is less than the amount due to the Depositor, such difference shall be paid to the Depositor.

2%
Time
Edited: 12:19, 21.09.2018

Deposit Amount: starting with 150 Euro.

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.

2%
Classic
Edited: 12:21, 17.09.2018

Deposit Amount: starting with 200 Euro.

Deposit Period: 12 - 24 months.

  • Classic Time Deposit accounts can be opened in AMD, USD, EUR and RUR
  • Minimum deposit amount comprises 50,000 AMD, 200 USD, 200 EUR and 5,000 RUR
  • Deposit validity period can last from 1-24 months
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  • You have the opportunity to increase the Deposit amount during the Deposit effective period. *
  • If you wish, you can get free VISA Classic card/MasterCard Standard without service payment of card account, if at the moment the balance of the deposit account is equal or does not exceed the sum of AMD 7.5 million (the currency equivalent to it), or get free VISA Gold card/MasterCard Gold, if at the moment the balance of the deposit account exceeds AMD 7.5 million (or the equivalent sum of money in other currency).
  • If you wish, a credit line up to 95% of the deposit account funds can be attached to the received AMD, USD and Euro payment card, which you can use during the deposit agreement validity period,
  • If you wish you can be provided with American Express Gold (link to Amex Gold page) or American Express Blue (link to Amex Blue page) card credit lines with deposit pledge in the privileged tariffs and conditions mentioned below
2%
Cumulative
Edited: 11:27, 21.09.2018

Deposit Amount: starting with 10.000 Euro.

Deposit Period: 546 - 730 days.

1.75%
Discount
Edited: 11:45, 19.09.2018

Deposit Amount: starting with 100.000 Euro.

Deposit Period: up to 365 days.

Choose “Discount” type of deposit and receive the due interest amount at the time of signing the agreement. You can get free MasterCard Standard, MasterCard Gold plastic cards:

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2. Annual interest rate and the general terms and conditions for deposits attracted for more than 366 days and/or exceeding AMD 25.000.000 (twenty five million), USD 50.000 (fifty thousand) thousand or EUR 50.000 (fifty thousand) shall be agreed and set out additionally.
3. The minimum deposit amount is AMD 100,000 (one hundred thousand) or USD 200 (two hundred), or EUR 200 (two hundred), which should be followed to get the interest amount according to the scale specified by clause 1 of this Information bulletin.
4. The Depositor may put the deposit for the benefit of the third party, which acquires the right to manage the deposit from the time of conclusion of the first deal with the deposit, representing the first requirement to the Bank based on such right, or submitting written request for such deal, and the Depositor (investor) shall loose its right to the deposit.
4.1. If the third party, for the benefit of whom the deposit is placed, without his/her knowledge, is adult and capable physical person, the depositor shall independently assign the responsibility for submission of documents confirming the identity of such third party (information) with all the legal consequences resulted therefrom.
5. The due interest shall be paid at the time of executing the agreement.
6. Bank account in Armenian drams is opened for demand deposits.
7. Interest accrued on the Deposit in foreign currency may be paid in the currency of the deposit, upon the request of the client, in cases, other than stipulated by the Central Bank of Armenia. Unless the client requested receipt of the interest amount in the given currency, such interest shall be paid in Armenian drams on the basis of going exchange rate applicable by the Bank.
8. Interest amount shall be re-calculated in case of early withdrawal of the Deposit or a part thereof at the rate of demand deposit of the same currency.
9. Interest due shall be accumulated from the day following the date of acceptance of the Deposit and until the day preceding to the day of withdrawal of the deposit at the maturity or otherwise.
10. If the maturity day of the deposit is a day off, such deposit shall be returned on the business day following such day off. Moreover interest shall be accumulated on the deposit for such mentioned days off. If for any branch of the Bank such day off is a business day, nevertheless it should be considered day off for the Bank.
11. Upon Depositor’s request the deposit agreement may be extended after its termination according to the terms and interest rate stipulated by the information bulletin of the given deposit (particularly, at the maximum interest rate applicable for the extended terms of deposit agreement in the same currency; and in case of changing the frequency/periodicity of payment of interest where the frequency of payment of interest provided by the previous information bulletin is not stipulated in the latest (applicable) one, the term of the deposit agreement shall be extended for the most close long frequency).
11.1. The deposit agreement shall be extended on the terms most corresponding to the terms of such kind of deposit in the same currency and the maximum nominal interest rate determined by the Bank if at the time of expiration of the deposit agreement such kind of deposit no more exists, even if the depositor provided statement to extend the agreement after its expiration or selected the execution of agreement with the right to extend. If no such kind of deposit is there in the Bank the deposit agreement shall be extended on the terms of deposit in the same currency the interest rate of which is the maximum and the term of which is maximally close to the given deposit. Moreover, in the event there is no such kind of deposit, the maturity of which correspond to the maturity specified by the deposit agreement, other terms of the deposit agreement such as replenishment/reduction of the deposit amount and other terms) shall not be considered.
11.2. The deposit agreement shall be extended on the basis of new ID document of the depositor in case such documents have been changed.
11.3. At the time of extending the agreement the depositor may replenish /withdraw the amount of the deposit.
12. If the Depositor doesn’t require return of the deposit after the term of the agreement the Deposit amount shall be transferred to the Depositor’s account under the terms of demand deposit; interest on which shall be calculated at the rates for demand deposit applicable by the Bank.
13. The Bank shall not have the right to unilaterally reduce the interest rates specified by the agreement unless otherwise is stipulated by the law.
14. The Bank shall have the right to unilaterally change the interest rates for the demand deposits and funds available on the banking account by placing 15 (fifteen) days prior announcement on www.idbank.am the official web site of the Bank.
15. Return of deposits to individuals is guaranteed by the RA Law on “Guarantee of Remuneration of Bank Deposits of Physical Entities”.
Remuneration of Bank Deposits of Physical Entities is guaranteed by the Deposit guarantee fund in the following amount.

1.75%
Simple
Edited: 18:14, 21.09.2018

Deposit Amount: starting with 200 Euro.

Deposit Period: 31 - 36 months.

In case of demanding the deposit amount before the maturity date the interest amount will be recalculated by the annual interest rate of the “Demand” deposit set by the bank at that moment.

According to the RA Law on "Income tax", when the interest proceeds are paid to the Depositor, the Bank acting as a tax officer of the Depositor, charges income tax in the amount defined under the above mentioned law and transfers it to the state budget.

The Customer bears the risk of possible unfavorable consequences of foreign currency exchange rate fluctuations in relation to deposits in foreign currency which is testified in the Certificate signed at the time of concluding the agreement.

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  • In case of 3 months or longer period the interest on the "Simple" deposit may be paid on a monthly basis with 0.5% interest rate less than the corresponding column in the table.
  • In case of 15 months or longer period the interest on the "Simple" deposit may be paid on a annual basis with 0.25% interest rate less than the corresponding column in the table.
  • Interest amounts are not capitalized.
  • When the deposit is placed for one year or more the interest rate through online and mobile banking systems for AMD is +0.25%, and for USD +0.15%.
  • The decision regarding every deposit or the interest rate or other conditions of the deposit of a client/group of clients which exceeds AMD 100,000,000 or/and equivalent currency is referred to the Assets and liabilities Committee of the Bank

  • During the automated reformulation and term extension of "Standard" and "Accumulative" deposits the current terms and rates of "Simple" deposit are applied.
1.5%
Family
Edited: 11:04, 18.09.2018

Deposit Period: 10 months.

  • By investing a Family Time Deposit, ACBA-CREDIT AGRICOLE BANK will give you the possibility to get the amount of interest calculated on the amount of deposit by the end of each month and dispose of it solely.
  • You have the opportunity to increase the Deposit amount during the Deposit effective period, *
  • If you want, you can receive a VISA Classic/MasterCard Standard payment card, if at the moment the funds on the deposit account equal or don’t exceed 7.5 MM AMD (equal foreign currency) or VISA Gold/MasterCard Gold payment card if at the moment the funds on the deposit account exceed 7.5 MM AMD (equal foreign currency),
  • The provision and service of VISA Classic/MasterCard Standard and VISA Gold/MasterCard Gold payment cards (regardless of the number of accounts and implementation of transactions) is free of charge,
  • If you wish, a credit line up to 95% of the deposit account funds can be attached to the received AMD, USD and Euro payment card, which you can use during the deposit agreement validity period,
  • If you wish you can be provided with American Express Gold (link to Amex Gold page) or American Express Blue (link to Amex Blue page) card credit lines with deposit pledge in the privileged tariffs and conditions mentioned below.
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  • This Deposit account is determined for natural persons, in AMD, USD, EUR, RUR,
  • The minimal amount of the Deposit for natural persons – AMD 50,000, USD 200, EUR 200 or RUR 5,000,
  • Family deposit validity period can last from 1-24 months
  • The depositor can make deposit account top-ups anytime during the validity period of deposit agreement (except for the last three months of the deposit validity period)

The depositor receives a one-time bonus at the end of the first, second and third trimesters for the previous months: 1.25 percent (annually) for AMD, 1 percent for USD and RURand 0,5 percent (annually) for EUR calculated correspondingly towards the daily balance of the funds available on the deposit account during that months.

  • If desired, the depositor can receive a VISA Classic/MasterCard Standard card, if at the moment the funds available on the deposit account equal or don't exceed 7,5 MM AMD (corresponding foreign currency) or VISA Gold/MasterCard Gold card if at the moment the funds available on the deposit account equal or exceed 7,5 MM AMD (corresponding foreign currency)