Symphonic Deposit
Put your money in Symphonic Deposit at a higher interest rate and transfer part of the interest income to the Foundation for Support of the Armenian State Symphony Orchestra. Symphonic Deposit with interest rates paid at the end of the deposit term (maturity).
Deposit "Symphonic" with payment of interest at the end of the term.
|
Minimum amount |
Annual interest rate by term |
||||
|
91 - 180 days |
181 - 365 days |
366 -545 days |
546 - 730 days |
731 - 1095 days |
|
|
AMD 200,000 |
6.25 % |
8.25 % |
9.75 % |
10.25 % |
10.75 % |
|
USD 500 |
2.25 % |
3.25 % |
4.25 % |
4.75 % |
5.25 % |
|
EUR 500 |
1.25 % |
1.75 % |
2.25 % |
2.75 % |
3.25 % |
|
RUR 30,000 |
5.25 % |
5.75 % |
6.25 % |
- |
- |
1. The deposit is accepted from individuals and legal entities at the locations of the Bank.
2. Clients making deposit “Symphonic” are committed transfer the amount of at least 0.25% percentage point from the interest to be received from the deposit to the account of the "Support Fund of the State Symphony Orchestra of Armenia" as support.
3. In case of periodic (monthly, quarterly, half-yearly, annual) payment of interest an interest rate of 0.5% less than the interest rates of the above-mentioned scale is set for deposits in AMD and an interest rate of 0.25% less than the interest rates of the above-mentioned scale is set for deposits in US dollars, Euros and Russian rubles.
4. The Depositor can top up (increase) his Deposit amount starting from a minimum of AMD 200,000 AMD, USD 500, EUR 500 or RUR 30,000.
In case of making a deposit with the possibility of addition an interest rate of 0.5% less than the interest rates of the above-mentioned scale is set for deposits in AMD and an interest rate of 0.25% less than the interest rates of the above-mentioned scale is set for deposits in US dollars, Euros and Russian rubles. The sum of all the replenishments made cannot exceed the initial amount of the Deposit investment. Replenishment of the deposit amount is not allowed during the last 3 (three) months of the validity of the deposit contract.
5. Partial deduction of the deposit amount is not allowed.
6. In case of early termination of the deposit agreement at the depositor's request, the Bank carries out a recalculation of the interest on the deposit (the interest transferred to the "Support Fund of the State Symphony Orchestra of Armenia" remains unchanged) at the following rates:
|
Deposit currency |
Annual interest rate by term |
|
|
Up to 365 days |
366 – 1095 days |
|
|
AMD |
0.5 % |
8.5 % |
|
USD |
0.1 % |
3.5 % |
|
EUR |
0.1 % |
1.5 % |
|
RUR |
0.1 % |
5 % |
Additional conditions
1. At the request of the RA citizen depositor, the Bank can issue a payment card without charging an annual service fee.
2. According to the amount of the deposit the types of payment cards provided are as follows:
|
Deposit currency/Card type |
Visa Classic |
Visa Gold |
VISA Infinite |
|
AMD |
500,000 – 25,000,000 |
25,000,000 –50,000,000 |
50,000,000 and more |
|
USD |
1,000 – 50,000 |
50,000 – 100,000 |
100,000 and more |
|
EUR |
1,000 – 40,000 |
40,000 – 100,000 |
100,000 and more |
|
RUR |
60,000 – 3,000,000 |
3,000,000 – 7,000,000 |
7,000,000 and more |
3. In case of expiration of the term of the deposit or early termination of Deposit contract by the depositor the service of the payment card issued for the deposit continues to be carried out without charging an annual service fee until the end of the service period of the payment card, except for the Visa Infinite payment cards issued for the deposit.
4. In case of early termination of the Deposit contract by Visa Infinite payment card cardholders or expiration of the Deposit period the Visa Infinite payment card issued for that Deposit is also closed or at the Client’s request it operates according to the tariffs and rates currently in effect in the Bank.
Amount of annual percentage yield of the deposit
The annual percentage yield according to the types of deposits, calculated in accordance with the procedure established by the Central Bank of the Republic of Armenia can be found below:
NIR- nominal interest rate
APY- annual percentage yield
|
ANNUAL PERCENTAGE YIELD OF DEPOSIT “SYMPHONIC” |
||||||||||
|
Currency |
91-180 days |
181-365 days |
366-545 days |
546-730 days |
731-1095 days |
|||||
|
NIR |
APY |
NIR |
APY |
NIR |
APY |
NIR |
APY |
NIR |
APY |
|
|
In case of monthly interest payments |
||||||||||
|
AMD |
5.75% |
5.90% |
7.75% |
8.03% |
9.25% |
9.65% |
9.75% |
10.20% |
10.25% |
10.74% |
|
USD |
2.00% |
2.02% |
3.00% |
3.04% |
4.00% |
4.07% |
4.50% |
4.59% |
5.00% |
5.12% |
|
EUR |
1.00% |
1.00% |
1.51% |
1.51% |
2.00% |
2.02% |
2.50% |
2.53% |
3.00% |
3.04% |
|
RUR |
5.00% |
5.12% |
5.64% |
5.64% |
6.00 % |
6.17% |
- |
- |
- |
- |
|
In case of quarterly interest payments |
||||||||||
|
AMD |
5.75% |
5.87% |
7.75% |
7.98% |
9.25% |
9.57% |
9.75% |
10.11% |
10.25% |
10.65% |
|
USD |
2.02% |
2.02% |
3.00% |
3.03% |
4.00% |
4.06% |
4.50% |
4.58% |
5.00% |
5.09% |
|
EUR |
1.00% |
1.00% |
1.50% |
1.51% |
2.00% |
2.02% |
2.50% |
2.52% |
3.00% |
3.03% |
|
RUR |
5.00% |
5.09% |
5.50% |
5.61% |
6.00% |
6.14% |
- |
- |
- |
- |
|
In case of half-yearly interest payments |
||||||||||
|
AMD |
5.75% |
5.83% |
7.75% |
7.90% |
9.25% |
9.46% |
9.75% |
9.99% |
10.25% |
10.51% |
|
USD |
2.00% |
2.01% |
3.00% |
3.02% |
4.00% |
4.04% |
4.50% |
4.55% |
5.00% |
5.06% |
|
EUR |
1.00% |
1.00% |
1.50% |
1.51% |
2.00% |
2.01% |
2.50% |
2.52% |
3.00% |
3.02% |
|
RUR |
5.00% |
5.06% |
5.50% |
5.58% |
6.00% |
6.09% |
- |
- |
- |
- |
|
In case of annual interest payments |
||||||||||
|
AMD |
6.25% |
6.25% |
8.25% |
8.25% |
9.75% |
9.75% |
10.25% |
10.25% |
10.75% |
10.75% |
|
USD |
2.25% |
2.25% |
3.25% |
3.25% |
4.25% |
4.25% |
4.75% |
4.75% |
5.25% |
5.25% |
|
EUR |
1.254% |
1.25% |
1.75% |
1.75% |
2.25% |
2.25% |
2.75% |
2.75% |
3.25% |
3.25% |
|
RUR |
5.25% |
5.25% |
5.75% |
5.75% |
6.25% |
6.25% |
- |
- |
- |
- |
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