We offer multicurrency deposits with flexible rates and maturities (starting from 30 days). The advantage of this instrument over other investment instruments is its simplicity and easiness to calculate. Term deposits are a better choice for investors who prefer predictable income over a certain period and are risk averse.
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 2,000,000,
- USD starting from 5,000,
- EUR starting from 10,000,
- CHF starting from 50,000
Sample forms of Term Deposit Contract
Annual interest rates of return
Deposit Guarantee Remuneration
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.
* In case of discrepancies between the published Armenian and other language information, the Armenian information prevails.
Updated 22.12.2011 12:13