YEREVAN, October 30 /ARKA/. 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.

This year, the bank not only raises interest rates, but also lowers the minimum threshold for a deposit that can be placed in the bank. It will also give special gifts to its depositors.

The bank said in a press release today that when opening deposit accounts called Beneficial and Progressive from October 31 to November 2, 2018 inclusive, customers will receive a special increased interest rate of 10% if the amount placed on deposit is 10, 00 drams and the deposit term is 365 days.
When opening deposits in the amount of 300,000 drams and above, customers will also receive a gift from the bank.

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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

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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%

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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

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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

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

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The aggregate amount of deposits in Armenia’s commercial banks keeps shrinking, the National Statistical Service reports

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The Central Bank of Armenia has set up a system of differentiated obligatory insurance payments which Armenia’s banks transfer to the deposit guarantee fund

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The vice-president of the Union of Banks of Armenia Seyran Sargsyan ruled out today sharp changes in interest rates on deposits in Armenian dram

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In late August 2015 the overall deposits at 21 Armenian commercial banks stood approximately at 1.835.6 trillion drams, having decreased by 0.8% from the previous month, according to the latest numbers, released today by the National Statistical Service (NSS)

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