“Classic” Deposit: A stable way to save at Armeconombank

Armeconombank’s “Classic” Term Deposit is a high-yield option designed for long-term savings. By choosing the “Classic” Deposit, you can maximize the returns on every saving.

Key Terms of the “Classic” Deposit:

•    Amount: AMD 100,000 – 100,000,000
•    Tenor: up to 3 years
•    Annual Nominal Interest Rate: up to 10.4%
•    Annual Percentage Yield (APY): up to 10.64%

The deposit can be placed in four currencies (AMD, USD, EUR, RUB) and can be replenished up to five times the initial deposit amount.
The bank reminds that in accordance with the RA Law “On Guaranteeing the Remuneration of Bank Deposits of Physical Entities,” the maximum guaranteed amount of a guaranteed deposit in AMD is 16 million, while the maximum guaranteed amount for foreign currency deposit is AMD 7 million.

Detailed information about the deposit is available here.
 
Armeconombank is supervised by the Central Bank of Armenia.