Byblos Bank Armenia offers customers the opportunity to open a high-yield online deposit through the Byblos Mobile application.

After downloading the app, you can register, become a bank client without visiting a branch, and open a deposit:

•    In Armenian drams with an APY of up to 10.5%
•    In US dollars with an APY of up to 5%

The bank reported that upon fixing a deposit, customers will receive a complimentary Mastercard Standard, Mastercard Gold, or Mastercard World Elite card, depending on the deposit amount.

A 10% income tax is applied to the interest earned on the deposit.

The Byblos Mobile app is available on both the App Store and Play Store. You can learn more about the deposit details here.
 
The bank is supervised by the Central Bank of Armenia.