All news related to Deposit

Unibank raises interest rate on deposit "Classic" up to 10.25%

11.12.2020 22:11

Unibank raises interest rate on deposit

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-

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Deposit interest rates in Armenia showing downward trend

16.09.2020 14:11

Deposit interest rates in Armenia showing downward trend

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%

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Nonresidents to receive no deposit insurance preferences in Armenia

09.09.2019 20:20

Nonresidents to receive no deposit insurance preferences in Armenia

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 […]

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Unibank revises upward interest rates on its flexible time deposit

25.06.2019 13:34

Unibank revises upward interest rates on its flexible time deposit

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%

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VTB Bank (Armenia) improves deposit terms for World Savings Day

30.10.2018 18:35

VTB Bank (Armenia) improves deposit terms  for World Savings Day

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

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Unibank offers "Flexible" deposit with an opportunity to replenish and convert currencies at any moment

22.10.2018 13:55

Unibank offers

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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Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

31.05.2018 18:56

Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

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) depositors can get interest when making up contracts

11.05.2018 18:41

VTB bank (Armenia) depositors can get interest when making up contracts

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) attracting new time deposits with monthly interest payment

25.09.2017 13:08

VTB Bank (Armenia) attracting new time deposits with monthly interest payment

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) unveils new type of deposit

06.10.2016 17:27

VTB Bank (Armenia) unveils new type of deposit

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

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