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ARARATBANK Offers New Package Of Time Deposits

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  • ARARATBANK Offers New Package Of Time Deposits

    ARARATBANK OFFERS NEW PACKAGE OF TIME DEPOSITS

    ArmInfo
    2009-10-23 17:17:00

    ArmInfo. ARARATBANK offers a new package of time deposits.

    The press service of the bank reports that the maximum interest
    for AMD deposits is 11%, for USD deposits - 9. The interest rate of
    45-90-day AMD deposits is 7.5%, USD deposits - 2.5%; 91-180-day AMD
    deposits - 8.5%, USD despots - 4.5%. 181-270-day AMD and USD deposits
    have respective interest rates of 9% and 6%.

    The interest on 271-365-day AMD deposits is 10.5%, USD deposits -
    8%, 366-546-day AMD and USD deposits - 11% and 9%, respectively. The
    interest rates of AMD and USD deposits attracted for 546 and more
    days or worth more than 20mln are subject to agreement. The interest
    can be paid monthly, quarterly or upon the expiry of the contract at
    the will of the client.

    According to ArmInfo's Ranking of Commercial Banks of Armenia, July
    1 2009 the amount of ARARATBANK's time deposits totalled 5.3bln AMD.
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