YEREVAN, December 11. /ARKA/.Unibank said it has raised the interest rate on the deposit “Classic” in AMD up to 10.25%. According to a bank's press release, clients can deposit funds for up to 730 days with income payment on a monthly basis or at the end of the deposit term. 
Yet another advantage of the "Classic" deposit is the low entry threshold: the minimum deposit amount is 100,000 AMD, or the equivalent in foreign currency. The deposit can also be opened in US dollars, Euros or Russian rubles. Both individuals and legal entities may make use of this offer. 
When opening a deposit, individuals receive a Visa Classic or Visa Gold cards as a gift, depending on the amount of money invested. Legal entities are provided with free servicing of the "Internet-Bank-Client" system. 
“Our offer will be appealing to those clients who want their savings to bring a fixed high interest rate. Meanwhile, we strive to ensure that each client is able to select the optimal option for investing money. Someone will prefer the traditional one with the highest interest rate, while the others will be more interested in the possibility of maneuver”, says Artur Aperyan, Director of Operations Services and Information Systems of Unibank. 
 The "Flexible" deposit, as the name implies, provides for the possibility of more flexible management of funds. Depositors can at any time convert their savings into another currency, withdraw money with interest before the expiration of the deposit (but not earlier than 181 days) and replenish the account at a convenient time. All these advantages look especially attractive against the background of high yield - up to 9.25% annually. 
Bank deposits have long established themselves as a reliable, effective, and safe instrument that guarantees the depositor a stable income. Since December 2020, the limits of guaranteed deposits in Armenia have increased: in drams - up to 16 million, in foreign currency - up to the equivalent of 7 million drams.  
Unibank is one of the leaders in Armenia's retail banking market. The bank is constantly expanding its service network in order to provide quality services to a larger number of clients. Unibank is the first bank in Armenia to place shares through an initial public offering (IPO) and become listed on the stock exchange. ($1 - 518.77 drams) -0-

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Unibank raises interest rate on deposit "Classic" up to 10.25%

Tags: Classic, Deposit, interest rate, Unibank

Read more

Deposit interest rates in Armenia are showing a downward trend, and credit rates are still unchanged, Central Bank Chairman Martin Galstyan told reporters on Tuesday.
The Board of the Central Bank of Armenia, at a meeting on Tuesday, decided to reduce the refinancing rate by 0.25 percentage points and set it at 4.25%. The rate of the Lombard repo provided by the Central Bank was 5.75%, and the rate on funds attracted by the Central Bank from other banks was 2.75%

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Deposit interest rates in Armenia showing downward trend

Tags: Armenia, Deposit, Interest rates

Read more

YEREVAN, September 9. /ARKA/. The National Assembly of Armenia declined Monday a motion to include the amendments proposed to the law on compensations for individual depositors into the autumn sessions’ agenda. Mane Tandilyan, a member of Bright Armenia faction, presenting the bill, said that it proposed to increase deposit guarantees for nonresident depositors. “The problem […]

Categories: 121, Banks @en, General news, News of the hour | Comments Off on Nonresidents to receive no deposit insurance preferences in Armenia

Tags: Armenia, Deposit, insurance

Read more

Unibank said today it has revised upward the interest rates on its Flexible time deposit, making them even more profitable for depositors. According to a bank’s press release, in case of placing a deposit in Armenian drams the interest rate is 9%

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Unibank revises upward interest rates on its flexible time deposit

Tags: Deposit, Unibank

Read more

Every year, on World Savings Day, marked October 31, VTB Bank (Armenia) unveils updated and improved terms for its customers to place deposits, thus motivating them to save and receive income

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on VTB Bank (Armenia) improves deposit terms for World Savings Day

Tags: Deposit, VTB Bank (Armenia), World Savings Day

Read more

Every depositor strives to choose a deposit with a high interest rate, reliability and additional benefits. Bank deposits are not only a way to keep savings, but also a way to multiply them, Unibank said in a press release today

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Unibank offers "Flexible" deposit with an opportunity to replenish and convert currencies at any moment

Tags: Deposit, Flexible, offer, Unibank

Read more

The total amount of deposits in Armenian banks at the end of April 2018 stood at 2.539.4 trillion drams, down by 103.8 billion drams (about $214 million) or 3.9%

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

Tags: Armenia, bank @en, Deposit

Read more

VTB Bank (Armenia) said today that those of its customers who will open Profitable and Progressive deposit account with at least 12-month term will get the interest amount right after formalizing the contract

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on VTB bank (Armenia) depositors can get interest when making up contracts

Tags: Deposit, depositors, profitable, Progressive, VTB Bank (Armenia)

Read more

VTB Bank (Armenia) has embarked on attracting from individuals ‘Beneficial’ and ‘Progress’ time deposits with the opportunity of monthly payment of interests, the bank’s press office reported on Monday

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on VTB Bank (Armenia) attracting new time deposits with monthly interest payment

Tags: Deposit, payment, VTB Bank (Armenia)

Read more

VTB Bank (Armenia) said today it has introduced a new type of term deposit designed for individual customers, called ‘Comfort.’

Categories: Banks @en, General news, News, News of the hour | Comments Off on VTB Bank (Armenia) unveils new type of deposit

Tags: Armenia, Bank VTB (Armenia), Deposit

Read more