General Information
AEB Online Banking and AEB Mobile Banking will be 0.25 points higher than the interest rate for Classic Deposits for deposits made by individuals through remote control systems 
The Bank attracts CLASSIC term deposits from individuals and legal entities under the following conditions:
AMD
Punct
Minimum AMD 100,000 
Term of deposit placement  20-ից -29 days  30-ից - 90 days   91-ից -182 days  183 ից- 274 days  275 ից - 366 days  367 ից - 545 days  546 ից - 728 days
Interest payment monthly
annual interest rate - 5.30% 6.25% 7.25% 8.00% 9.00% 9.25%
percentage yield - 5.43% 6.43% 7.50% 8.30% 9.38% 9.65%
Interest payment quarterly
annual interest rate - - - 7.35% 8.10% 9.10% 9.35%
percentage yield - - - 7.56% 8.35% 9.42% 9.68%
Interest payment at the end of term
annual interest rate 3.00% 5.50% 6.50% 7.75% 8.50% 9.25% 9.50%
percentage yield 3.04% 5.62% 6.61% 7.82% 8.50% 9.05% 9.09%
USD
Punct
Minimum USD 200, maximum up to USD  50,000
Interest payment monthly
Term of deposit placement   20- -29days  30 90 days   91 -182 days  183 -274 days  275- 366 days  367- 545days  546-728 days
annual interest rate - 0.90% 1.90% 2.80% 3.50% 4.10% 4.30%
percentage yield - 0.90% 1.92% 2.84% 3.56% 4.18% 4.39%
Interest payment quarterly
annual interest rate - - - 2.85% 3.55% 4.15% 4.35%
percentage yield - - - 2.88% 3.60% 4.22% 4.42%
Interest payment at the end of term
annual interest rate - 1.00% 2.00% 3.00% 3.70% 4.3% 4.50%
percentage yield - 1.00% 2.01% 3.01% 3.75% 4.21% 4.40%
The acceptance of a deposit in the amount of USD 50, 000 and more is contractual
 EUR
Punct
 Minimum EUR  200, maximum up to |EUR 50,000 
Interest payment monthly
Term of deposit placement   20-ից -29օր  30-ից - 90 օր   91-ից -182 օր  183 ից- 274 օր  275 ից - 366 օր  367 ից - 545 օր  546 ից - 728 օր
annual interest rate - - 0.20% 0.90% 1.30% 2.10% 2.30%
percentage yield - - 0.20% 0.90% 1.31% 2.12% 2.32%
Interest payment quarterly
annual interest rate - - - 0.95% 1.35% 2.15% 2.35%
percentage yield - - - 0.95% 1.36% 2.17% 2.37%
Interest payment at the end of term
annual interest rate - - 0.25% 1.00% 1.50% 2.25% 2.50%
percentage yield - - 0.25% 1.00% 1.50% 2.24% 2.47%
The acceptance of a deposit in the amount of EUR 50, 000 and more is contractual
 RUR 
Punct
                                                                             RUR
Minimum RUR 10,000, maximum up to RUR  300,000
Term of deposit placement   20-ից -29օր  30-ից - 90 օր   91-ից -182 օր  183 ից- 274 օր  275 ից - 366 օր  367 ից - 545 օր  546 ից - 728 օր
Interest payment monthly
annual interest rate - 3.00% 4.00% 4.75% 5.00% 5.50% 5.75%
percentage yield   3.04% 4.07% 4.85% 5.12% 5.64% 5.90%
Interest payment quarterly
annual interest rate - - - 4.85% 5.10% 5.60% 5.85%
percentage yield - - - 4.94% 5.20% 5.72% 5.98%
Interest payment at the end of term
annual interest rate - 3.25% 4.25% 5.00% 5.25% 5.75% 6.00%
percentage yield - 3.29% 4.30% 5.03% 5.25% 5.67% 5.83%
The acceptance of deposit with RUR 3,000,000 and more is contractual.
The Bank shall provide the investor with a statement on its deposit account at the time of the deposit agreement, which shall not exceed one month, in the manner specified in the deposit agreement or at the debited or credited during the reporting period, to provide an account statement within 5 days at the Tariffs announced by the bank, presented below.
   Providing of statements
Punct
Providing of statements
Individual Free of charge
Legal entities/ PE
Up to 1 month Free of charge
From 1 month to 3 months AMD 1500
From 3 months to 1 year AMD 2500
Over 1 year AMD 5000
Providing of reference
Individuals and legal entities AMD 5000
ՈՒ  

ATTENTION!

“Rossia” and “Araratyan” branches do not provide deposit attraction service

You can get acquainted with the example of deposit interest calculation below

Based on the volume of the deposit, the bank presents a free plastic card to the depositors.

  1. ArCa  Classic card in any volume
  2. In case of AMD 300,000 or equivalent foreign currency: Master Card standard, Master Card Gold, Cirrus Maestro, VISA classic, VISA Electro, VISA Gold cards

NOTE: INTERESTS ON YOUR DEPOSIT ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE AND THE ANNUAL PERCENTAGE YIELD SHOWS THE INCOME YOU WOULD REALIZE, IF YOU WOULD HAVE ADDED THE RECEIVED DEPOSIT INTERESTS TO THE DEPOSIT AND RECEIVED THE ACCRUED INTEREST AMOUNTS  AT DEFINED PERIODICITY. YOU WILL FIND THE ORDER OF CALCULATING THE ANNUAL PERCENTAGE YIELD ON  WWW.AEB.AM 

Updated:
Demands

Classic deposit type- term deposit

Accrued interests aren’t capitalized and are paid to the depositor once a month or during the end of deposit agreement period

Interests are calculated based on the balance of placed deposit amount

Should the depositor demand the deposit or any part thereof prior to the term of the Agreement, the calculation of the interest of deposit or any part thereof shall be carried out as per the rates for demand deposits existing in the Bank. As for the interest calculated and paid prior to the termination shall be deducted from the deposit to be paid back and the interest shall be calculated on the remaining part of the deposit unless otherwise provided in Deposit Agreement. Should the deposit or any part thereof be demanded during the prolonged period of the Agreement, the interest envisaged by the Agreement shall be paid for previous period(s) and for the given period interest for the deposit or any part thereof shall be calculated and paid as per the rates for demand deposits existing in the bank.

After the termination of the Agreement or in other circumstances arising from the Agreement, should the depositor refuse to demand the deposit, the Agreement shall be deemed prolonged as per the terms available for demand deposits unless otherwise provided by the Agreement

Should the deposit be placed for 274 days or longer or be prolonged for a term no shorter than the aforementioned, the depositor may supplement the deposit only by the 180th day preceding the expiry of the (prolonged) term of the deposit and only with amounts not to exceed the deposit balance existing at the moment of placement (prolongation). Interest shall accrue on amounts added to the deposit at the rates and conditions of interest accrued on the Deposit. No amounts shall be added to the Deposit in case of placement for a term less than 274 days and in case of prolongation the amounts shall be added only on prolongation day and shall not exceed the Deposit balance. Should the Depositor request repayment of a part of the Deposit after adding amounts to the Deposit, then shall be primarily repaid amounts added to the Deposit in reverse timing order, and the demand interests set by the Agreement shall accrue from the day following the date of adding them to the Deposit to the day preceding the date of its prepayment to the Depositor.

The deposit cannot be replenished by third parties.

The authorities of other persons to use and manage the deposit shall be approved should such authorities be issued by a notarized power of attorney or by a written power of attorney made and signed by the depositor in the presence of the Bank’s officer.

In case of contract disputes the depositor shall apply to the Bank in written form and will receive the reply to such request within 10 Business days. In case of disagreement with reply, the depositor has the right to apply to the court or to the Financial System Mediator.

There is no limit for the placement of minimum initial amount of deposit and the interests payable are subject to tax in the amount set by RA Law ”On tax on income”.

The deposit is placed with the tenor of minimum 20 days and maximum 728 days.

The deposits are guaranteed according to RA Law “Guaranteeing the Recovery of Deposits of Individuals”

In case of deposits in Armenian drams, the deposit is guaranteed for AMD 16 mln.

In case of deposits in foreign currency, the deposit is guaranteed for AMD 7.0 mln.

In case of deposits both in Armenian drams and in foreign currency: if AMD deposit exceeds AMD 7.0 mln, only the AMD deposit is guaranteed up to AMD 16 mln.

In case of deposits both in Armenian drams and in foreign currency: if AMD deposit is smaller than AMD 7.0 mln, the AMD deposit is guaranteed in full and the foreign currency is guaranteed for the balance of AMD 7.0 mln and recovered AMD deposit.

On the purpose of due diligence of the customer envisaged by RA law on “On combating money laundering and terrorism financing”, the financial institution may request additional documents or other information from the consumer based on principle, as well as ask the consumer additional questions during oral communication.

In compliance with the agreement signed with USA, to find out if you are a USA tax payer, 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)).

YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL INSTITUTION IN THE WAY YOU PREFER, BY MAIL OR ELECTRONICALLY. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE FROM THE RISK OF LOSING PAPER INFORMATION AND ENSURES PRIVACY.

“YOUR FINANCIAL INFORMER” IS AN ELECTRONIC SYSTEM WHICH SEARCHES AND COMPARES THE SERVICES OFFERED TO INDIVIDUALS AND FACILITATES THE SELECTION OF THE MOST EFFECTIVE OPTION FOR YOU.https://www.fininfo.am/compare-deposit

The below mentioned documents is required to place a deposit

Individuals:

Identification document

Document including the public service number (for the RA citizens)

Additional documents and information may be required due to various circumstance

Legal entities:

Concluding a general agreement on “ Banking services” and registration of the card tax body for samples of signatures and stamps in accordance with the procedure of “Opening and Servicing of the Bank Account of ARMECONOMBANK OJSC” operating in the bank.

Հաշվիչ

Deposit Calculator

Updated: 02/08/2021 14:01