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Beneficial deposit

Get more from your savings by choosing the “Beneficial” deposit with high interest rates
up to 8.5%
annual interest rate
367-545 days
term
֏, $, €
currency
Beneficial deposit
  • Minimum amount: AMD 100,000, Maximum amount: AMD 50,000,000
  • Minimum amount: USD 200, Maximum amount: USD 100,000
  • Minimum amount: EUR 200, Maximum amount: EUR 100,000
367-545 day
Annual interest rate / Annual yield
8.30% / 8.62%
8.40% / 8.67%
8.50% / 8.33%
367-545 day
Annual interest rate / Annual yield
3.60% / 3.66%
3.65% / 3.70%
3.80% / 3.77%
367-545 day
Annual interest rate / Annual yield
1.85% / 1.87%
1.90% / 1.91%
2.00% / 1.99%
Recalculated interest rate of the deposit demanded prior to the term
31-90 day
91-182 day
183-366 day
367-544 day
Annual interest rate
5.00%
5.75%
6.50%
7.50%
5.00%
5.85%
6.70%
7.60%
5.00%
6.00%
7.00%
8.00%
31-90 day
91-182 day
183-366 day
367-544 day
Annual interest rate
0.40%
1.40%
2.60%
3.10%
0.40%
1.45%
2.65%
3.15%
0.50%
1.50%
2.80%
3.30%
31-90 day
91-182 day
183-366 day
367-544 day
Annual interest rate
0.10%
0.40%
0.80%
1.20%
0.10%
0.45%
0.90%
1.30%
0.10%
0.50%
1.00%
1.50%

ATTENTION!

  • "Rossia 1" and "Araratyan" branches do not provide deposit attraction service.
  • The deposit can be attracted also through AEB Online / AEB Mobile remote-control systems (details of terms and conditions of service are presented in the information summary of "AEB Online" / "AEB Mobile" systems).


Based on the volume of the deposit, "ARMECONOMBANK" OJSC depositors are given a free plastic card:

  • ArCa Classic card in any volume.
  • In case of AMD 300,000 /equivalent foreign currency/ and above amounts - plastic cards of Mastercard Standard,Mastercard Gold, VISA classic, VISA Gold type.


ATTENTION! INTERESTS ON YOUR DEPOSIT ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE AND THE ANNUAL PERCENTAGE YIELD SHOWS THE AMOUNT OF INCOME YOU WOULD HAVE RECEIVED IN CASE OF ADDING THE RECEIVED DEPOSIT INTERESTS TO THE DEPOSIT AND RECEIVING THE ACCRUED INTEREST AMOUNTS AT DEFINED PERIODICITY.

You can get acquainted with the example of deposit interest calculation here.

  1. Type of the “Beneficial” deposit: term deposit.
  2. The deposit is placed for a minimum term of 367 days and a maximum of 545 days.
  3. The accrued interest is not capitalized and is paid to the depositor on a monthly, quarterly basis, or at the end of the term.
  4. Interest is calculated on the remaining balance of the deposited amount.
  5. Interest on the deposit is calculated from the date the deposit is accepted by the Bank until the day prior to its return to the depositor. The calculation is based on the actual days of the year- 365 days and 366 days for a leap year.
  6. The interest rate specified in the deposit agreement and the recalculated interest rate for early withdrawal cannot be unilaterally decreased during the deposit repayment term specified in the agreement.
  7. In case of early withdrawal of the deposit or part of it, instead of the interest specified in point 1 of summary, the interest amount shall be calculated and paid based on the recalculated interest rate defined by the agreement. If the interest specified by the agreement has already been paid, the amount paid in excess of the recalculated interest rate shall be deducted from the deposit and the deposit shall be considered repaid.
  8. If the deposit or part of it is claimed during the extended term, interest shall be calculated and paid based on the Bank’s terms for early withdrawal of the given deposit type as of the date of the extension.
  9. The depositor may add additional funds to the deposit up to 91 days prior to the (extended) maturity date in case of AMD deposits, and up to 181 days prior in case of foreign currency deposits. These additional funds will accrue interest under the same conditions and rate applicable to the initial deposit. The total of the initially deposited (extended) and added funds must not exceed the maximum deposit amount defined in point summary's 1 of the engagement terms.
  10. In case of early withdrawal after deposit increase, the initially deposited funds are repaid first, followed by the additions, in chronological order. The recalculated interest for the early withdrawn amount or part of it shall be calculated from the actual date of deposit (or addition) until the day before the early withdrawal, based on the actual calendar days. If interest paid exceeds the recalculated amount, the excess shall be deducted from the deposit and the deposit shall be considered repaid.
  11. If the deposit is not claimed on the maturity date (unless otherwise agreed by the Parties), the Bank may automatically extend the deposit term with the depositor’s consent for the same period (up to three consecutive times) and apply the interest rate valid for the given deposit type at the time of extension. If the deposit type has been discontinued by the Bank, the term shall not be automatically extended, and interest will be accrued based on the Bank's current rates for account balances until the deposit is actually claimed.
  12. If the deposit is not claimed after maturity and is not extended, interest will be calculated until the actual claim date at the interest rates set by the Bank for monetary funds on bank accounts.
  13. The Bank provides the depositor with a statement of the deposit account at the frequency specified in the agreement, which shall not exceed one month, in the manner indicated in the deposit agreement or depositor's request, unless there has been no debit or credit activity during the reporting period. Upon the depositor’s request, a statement will be provided within 5 business days based on the Bank’s published Tariffs.
  14. Third parties are not allowed to replenish the deposit.
    – The right to use or manage the deposit by other persons is recognized only if the authorization is granted through a notarized power of attorney or personally issued and signed by the depositor at the Bank in the presence and confirmation of a Bank employee.
  15. In case of disputes arising from the agreement, the depositor shall submit a written complaint to the Bank and receive a response within 10 business days. If the depositor disagrees with the response, they may apply to the court or to the Financial System Mediator in accordance with the law.
  16. The bank acts as a tax agent for individual clients. Interest paid on deposits is subject to taxation according to the provisions of Section 7 of the RA Tax Code.
  17. "YOU ARE ELIGIBLE TO COMMUNICATE WITH A FINANCIAL INSTITUTION BY THE MEANS OF COMMUNICATION YOU PREFER – THROUGH POSTAL SERVICES OR ELECTRONICALLY. THE RECEIPT OF INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE ROUND-THE-CLOCK (24/7), IS FREE OF THE RISK OF LOSS OF PAPER INFORMATION AND ENSURES CONFIDENTIALITY".
  18. "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM WHICH SEARCHES AND COMPARES THE SERVICES OFFERED TO INDIVIDUALS AND FACILITATES THE SELECTION OF THE MOST EFFECTIVE OPTION FOR YOU - www.fininfo.am/avand.

 

To place a deposit with the bank, the Depositor shall submit:

  • Identification document,
  • Document including the public service number or a certificate of failure to obtain a public services number

 

On the purpose of due diligence of the customer envisaged by RA law on "Combating Money Laundering and Terrorism Financing", the bank may request additional documents or other information from the consumer based on "Know your customer" principle, as well as ask the consumer additional questions during oral communication(upon such request).

In compliance with the agreement signed with USA, to find out whether you are a U.S. taxpayer or not, financial institutions may collect additional information about the agreements, contracts, cooperation, membership signed by financial institutions, which may have a direct impact on the consumers (e.g. foreign account tax compliance act (FATCA)).

Depending on various circumstances, additional documents and information may be required from customers.

10000000 AMD
100000 1000000000
7.5 %
5.3 9.5
50 Day
31 1095
Total

Actual interest rate
Monthly payments

* Preliminary calculation does not constitute a public offer

Accumulated interest

Interest receivable after income tax is paid

Updated: 23/07/2025 08:56