YEREVAN, June 5. / ARKA /. VTB Bank (Armenia) has unveiled today a new type of a savings account, which can be continuously replenished on favorable terms. Account holder can also freely dispose of the money at any time. The interest rate is 8%; it allows customers to make also credit and debit transactions without limitation and without loss of interest.

Savings accounts are opened in the national currency, the dram. The minimum first payment is 10,000 drams. No commission is charged for account opening. Depending on the average daily balance the client is paid a monthly interest rate of 8%. The more money placed on the account, the higher the interest rate is. The interest is paid and added to the account balance each month.

Also, until August 31, 2015, the Bank will offer an 8% interest rate a month regardless of the size of the account balance with no monthly fee for account service.

When opening a savings account at VTB Bank (Armenia) the customer is provided with free Internet banking service, which can be used  around the clock to quickly and easily accumulate funds on the account without having to visit the bank. Savings account can be replenished also through 1,200 TelSel payment terminals installed in Yerevan and the regions.

VTB Bank (Armenia) is wholly owned by Russian VTB Bank. It runs 67 branches across Armenia. -0-