YEREVAN, June 30. /ARKA/. On July 1, 2021, VTB Bank (Armenia) is launching the Summer deposit campaign and invites customers to place a deposit in Armenian drams (AMD) on favorable terms, saying in a press release that this can be done until July 31, 2021.

According to the bank, the minimum deposit amount is AMD 50,000; the interest rate is from 4.60% to 9.50%%. The bank offers also an unlimited possibility of replenishment and no withdrawal of funds. Payment of interest on the deposit is done at the end of the term.

The Summer deposit gives clients the opportunity to receive part of the accrued interest even in case of its early termination. Starting from the 91^st day of servicing the deposit, in case of its early termination, the interest is retained at the rate (-1%) of the interest rate effective for this type of deposit for the corresponding period.

Thus, within the framework of the Summer deposit campaign, if one‘s deposit has been serviced in the Bank for 90 days or more, he/she will have the opportunity to terminate it ahead of schedule at any time convenient, while retaining a significant part of the accrued interest.

For depositors who have signed an agreement for more than AMD 1 million, products are provided on preferential terms at the client's choice: MasterCard Gold payment card with free monthly service and cashing from the bank's ATMs for the period of the deposit's validity or the possibility of having deposit box with a 30% discount from standard tariff at the Bank (the number is limited).

For the convenience of customers, VTB Bank (Armenia) also offers to make a deposit through the Video Bank service, which allows making bank transactions without visiting its branches.

* Annual interest rate on the deposit ranges from 4.54% to 9.47%.

* Income tax on interest on deposits is 10%.

Detailed information about the campaign can be obtained on the official website of VTB Bank (Armenia) at https://www.vtb.am/ru/promotion/aavandayin-akts-ia-amarhayin, at its branches or by calling the Contact Center at 87- 87.

The activity of VTB Bank (Armenia) CJSC is regulated by the Central Bank of the Republic of Armenia. - 0 ---