Evocabank has announced more favorable terms for making a deposit at the bank.

Having made a deposit at Evocabank, clients can obtain up to 10.75% earnings on AMD deposits and up to 5.75% - on USD deposits (paid interests are taxed at 10%).

“You can replenish your deposit account by an amount starting from AMD 200,000 or USD 500. In this case, the interest rate will decrease by 0.5% for AMD, while for USD deposits the rate will go down by 0.25% as compared to the previous 0.5%.

You can open a deposit account both in Evocabank offices and online using EvocaTOUCH mobile app. By the way, deposits placed via the app offer better rates: classic deposit interest rate + 0.25%,” the bank said.

Evocabank has also improved the terms of deposit termination.

In case clients need their money back before the end of the deposit agreement, the bank will re-calculate the interest on the deposit at high rates:

In case the deposit has been kept in the bank for up to 365 days:

- 0.5% for AMD deposits,
- 0.1% for deposits in USD and other foreign currency;

In case the deposit has been kept in the bank for 366 to 1,095 days:

- 8.75%  for AMD deposits,
- 4.25%  for USD deposits,
- 2.25% for EUR deposits,
- 5% for RUB deposits.

No other fees or commissions are charged during the signing of a deposit agreement and throughout the entire period of deposit agreement.

“As a modern and innovative bank, Evocabank is improving its services to comply with highest international standards.

The reimbursement of the deposits placed with Evocabank is guaranteed by the Deposit Guarantee Fund,” added the bank.