Deposits

• Corporate clients

Deposit Account

We offer multicurrency deposits with flexible rates and maturities (starting from 7 days) with domestic payments. The advantage of this instrument is that it is simple to understand and easy to calculate. Deposit is the right choice for those investors, who prefer predictable income with fixed maturity and minimized risks.

A deposit account enables you to earn a guaranteed return on amount invested for a fixed period. You can choose deposit accounts according to the types of currencies, maturity period and interest payment options. It should be mentioned that in ARMSWISSBANK are defined minimum limits for the following currencies:

• AMD starting from 5,000,000,
• USD starting from 10,000,
• EUR starting from 50,000,
• CHF starting from 50,000,
• GBP starting from 100,000

Sample forms of Term Deposit Contract

Term deposit rates

Annual interest return on deposits

Information bulletin (in Armenian)

The procedure of making deposit agreements (in Armenian)

Tariffs on giving account statements, their copies and other information  according to the time of making the transaction.

Interest payments are calculated on Your account balance based on nominal interest rate. Annual interest yield shows how much profit You would receive if You reinvested interest payments earned on deposited funds into new deposits. Please follow the link below for information on the principles and examples of annual percentage yield calculation: http://armswissbank.am/uploadfiles/APY 8.02.pdf (in Armenian).

If the deposit is returned prior to maturity by the customer’s request, the Bank applies a recalculation of 0.5% (if the contract does not provide otherwise) and if necessary charges already paid interest payments from the deposit account.