YEREVAN, December 14. / ARKA /. VTB Bank (Armenia) has launched today a new deposit product, designed for those of customers who wish to save and increase their money in Armenian drams and have the opportunity to replenish it and withdraw money from the account whenever they want without any restrictions.

The interest rates for the deposit begin from 1.5% to 9.5% depending on terms and the amount.
‘The savings account is a money box with an unlimited term of validity that combines deposit’s security and bank account flexibility,’ the bank said in a press release.

It said the savings account will bring its owner a yield of up to 9.92% per annum, which the client can use at any time. Unlike a term deposit, by opening a savings account at VTB Bank (Armenia), a client can withdraw funds or replenish the account at a convenient time, an unlimited number of times without losing the accrued interest.

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Tags: deposit product, VTB Bank (Armenia)

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