General
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Place the deposit without the right of termination and receive an interest rate higher than the specified interest rate by 0.5 points.
*
The figures shown in parentheses represent the Annual Percentage Yield (APY) applicable to the respective deposit term.
91-180 days
Monthly: 4.50% (4.59%)/ At the end of term: 5.00% (5.06%)
181-270 days
Monthly: 6.50% (6.70%)/ At the end of term: 7.00% (7.06%)
271-365 days
Monthly: 6.70% (6.91%)/ At the end of term: 7.20% (7.20%)
366-450 days
Monthly: 7.50% (7.76%)/ At the end of term: 8.00% (7.92%)
*
The figures shown in parentheses represent the Annual Percentage Yield (APY) applicable to the respective deposit term.
181-270 days
At the end of term: 1.10% (1.10%)
271-365 days
Monthly: 2.10% (2.12%)/ At the end of term: 2.60% (2.60%)
366-450 days
Monthly: 3.10% (3.14%)/ At the end of term: 3.60% (3.58%)
*
The figures shown in parentheses represent the Annual Percentage Yield (APY) applicable to the respective deposit term.
181-270 days
Monthly: 0.50% (0.50%)/ At the end of term: 0.75% (0.75%)
271-365 days
Monthly: 0.75% (0.75%)/ At the end of term: 1.00% (1.00%)
366-450 days
Monthly: 1.00% (1.00%)/ At the end of term: 1.25% (1.25%)
*
The figures shown in parentheses represent the Annual Percentage Yield (APY) applicable to the respective deposit term.
91-180 days
Monthly: 1.50% (1.51%)/ At the end of term: 2.00% (2.01%)
181-270 days
Monthly: 2.25% (2.27%)/ At the end of term: 2.75% (2.76%)
271-365 days
Monthly: 3.25% (3.30%)/ At the end of term: 3.75% (3.75%)
366-450 days
Monthly: 4.50% (4.59%)/ At the end of term: 5.00% (4.97%)
*
INTEREST ON THE FUNDS HELD IN YOUR ACCOUNT IS CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE. THE ANNUAL PERCENTAGE YIELD INDICATES THE AMOUNT OF INCOME YOU WILL EARN AS A RESULT OF MAKING THE MANDATORY PAYMENTS RELATED TO THE DEPOSIT AND RECEIVING THE ACCRUED INTEREST AT THE SPECIFIED FREQUENCY. THE PROCEDURE FOR CALCULATING THE ANNUAL PERCENTAGE YIELD IS AVAILABLE AT THE FOLLOWING LINK: ANNUAL PERCENTAGE YIELD CALCULATION.
Deposit type
term deposit
Important
In the case of a bank deposit agreement concluded without the right of early termination, if the deposit term exceeds 180 days, an additional 0.5 percentage points are added to the interest rates specified in the table for deposits in Armenian drams, and 0.25 percentage points for deposits in US dollars (not applicable to deposits attracted from resident sole proprietors of the Republic of Armenia, as well as from non-resident legal entities and sole proprietors of the Republic of Armenia).For deposits placed by non-resident Customers, the applicable interest rate shall be lower than the standard interest rate as follows: for deposits denominated in USD – by 0.5 percentage points, but not lower than 0.1% for deposit terms of up to and including 365 days, and by 0.25 percentage points for deposit terms of 366 days or more
1
Identification document of the person acting on behalf of the legal entity.
2
For sole proprietor depositors: identification document.
3
The Bank may, if necessary, request additional documents and information from the Client.
1
For deposits accepted without the right to replenish, with a term of 1,097 days or more in AMD, USD or EUR, and 731 days or more in Russian rubles
2
The minimum deposit amount is AMD 1,000,000 (one million), USD 2,000 (two thousand), *EUR 2,000 (two thousand) or RUB 120,000 (one hundred twenty thousand), which must be maintained in order to receive the interest rates specified in Clause 1 of this Information Bulletin.
3
A deposit with the right to replenish may be replenished without limitation as to the number of replenishments
4
A Legal Entity shall not have the right to terminate the Agreement and claim repayment of the deposit amount prior to the maturity date specified in the Agreement. The Bank shall repay a deposit placed by an individual entrepreneur, in whole or in part, upon the latter’s first demand.
5
At the Depositor’s discretion, interest accrued on a foreign currency deposit may be paid in the same foreign currency in which the deposit was placed, except in the cases prescribed by the Central Bank of the Republic of Armenia. If the Depositor has not requested that the interest on the foreign currency deposit be paid in the respective foreign currency, the accrued interest shall be paid in AMD at the Bank’s buying exchange rate applicable to the respective foreign currency on the date of payment (in such case, the Depositor must maintain any type of bank account denominated in AMD with the Bank).
6
If an individual entrepreneur requests repayment of the Deposit, in whole or in part, prior to the maturity date specified in the Agreement, the accrued interest shall be recalculated at the interest rate applicable at the Bank at that time to positive balances in current accounts denominated in the respective currency․
7
Upon termination of the Agreement, any interest previously paid (credited to a bank account or applied towards other obligations) prior to the termination of the Agreement shall be deducted from the amount of the deposit to be repaid.
8
Interest on the deposit amount shall accrue from the date the deposit is placed until the day preceding the date on which the deposit is repaid to the Depositor or debited from the deposit account on any other grounds, for the corresponding calendar days.
9
Where provided for by the Agreement or upon the Depositor’s written request, the interest accrued during the term of the Agreement may be added (capitalised) to the deposit amount at the interest payment frequency specified in the Agreement. In the event of interest capitalisation, the outstanding deposit balance may exceed the maximum deposit amount established under this Information Bulletin for the respective currency.
10
At the Depositor’s request, upon expiry of the term of the Agreement, it may be renewed under the terms and conditions set forth in the Information Bulletin applicable to this type of deposit and effective at the Bank at the time of renewal (in particular, at the maximum interest rate applicable to the relevant currency and the renewed deposit term
11
Unless otherwise provided for by law, the Bank may not unilaterally reduce the amount of interest specified in the Agreement.
12
The Bank shall have the right to unilaterally amend the interest amount payable on funds held in a bank account by publishing the relevant information on its official website at least 15 days prior to the effective date of such amendment.
13
Any disputes arising out of or in connection with the Agreement shall be settled through negotiations between the Parties
14
The Customer shall have the right to communicate with the Bank by the means of communication of their choice, namely by e-mail or postal communication. Receiving information electronically is the most convenient option. It is available on a 24/7 basis, is free from the risks of loss of paper information, and ensures confidentiality.
15
Statements of the deposit account shall be provided by the Bank to the Customer in accordance with the procedure established by the legislation of the Republic of Armenia and at the frequency specified in the Deposit Agreement, but not more than once a month. Where funds credited to the Depositor’s bank account by non-cash transfer have subsequently been transferred to the deposit account and are later withdrawn in cash from the bank account, the commissions set forth in the Information Bulletin on “Tariffs for Bank Accounts, Transfers and Other Services Provided by ID Bank CJSC” shall apply.
16
The fees for the provision of duplicate copies of deposit account statements, payment documents and other information shall be determined, depending on the age of the transaction, in the amount of the fees applicable to the provision of current account statements (in accordance with the Information Bulletin on “Tariffs for Bank Accounts, Transfers and Other Services Provided by ID Bank CJSC”).
17
The Depositor shall have the right to submit claims arising from the deposit transaction to the Financial System Mediator (Address: 15 M. Khorenatsi Street, Elite Plaza Business Center, 7th Floor, Yerevan 0010, Republic of Armenia
18
The Bank shall provide the Depositor with a final response to the complaint/claim submitted by the Depositor within 10 (ten) business days from the date of its receipt. If the Depositor disagrees with the Bank’s final written response, or if no response to the complaint/claim is received within 10 (ten) business days, the Depositor shall have the right to submit the claim to the Financial System Mediator within six months. At the same time, where the amount of the pecuniary claim does not exceed AMD 250,000 (two hundred fifty thousand) or its equivalent in foreign currency, the decisions of the Financial System Mediator may not be challenged by the Bank.
19
For the purposes of customer due diligence in accordance with its Policy on Combating Money Laundering and Terrorist Financing, the Bank may, based on the Know Your Customer (KYC) principle, request additional documents or information.
20
Pursuant to the agreement concluded with the United States based on the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information for the purpose of determining whether the Customer is a U.S. taxpayer, as well as for providing information regarding a Customer who is a foreign tax resident to the State Revenue Committee of the Republic of Armenia in accordance with the Common Reporting Standard of the Organisation for Economic Co-operation and Development (OECD) as prescribed by the Tax Code of the Republic of Armenia.
21
The Account Holder’s right to dispose of the account and the funds held therein may be restricted pursuant to a court decision or on the basis of an application submitted by the bodies responsible for the compulsory enforcement of judicial acts or by the tax authorities.
22
Funds may be recovered from the account without the Account Holder’s instruction pursuant to a court decision or on the basis of an application submitted by the bodies responsible for the compulsory enforcement of judicial acts or by the tax authorities:
23
The repayment of deposits is guaranteed in accordance with the Law of the Republic of Armenia “On Guaranteeing the Compensation of Bank Deposits of Individuals”.
The compensation of bank deposits of individuals held with ID Bank CJSC is guaranteed by the Deposit Guarantee Fund within the limits established for compensable deposits, as follows:
Deposit Currency Structure/Maximum amount of guaranteed deposit compensation
If you hold only an AMD-denominated deposit with the same bank: AMD 16 million
If you hold only a foreign currency deposit with the same bank: AMD 7 million
If you hold both an AMD-denominated deposit and a foreign currency deposit with the same bank
if the AMD deposit exceeds AMD 7 million: AMD 16 million (only the AMD-denominated deposit is guaranteed)
if the AMD deposit is less than AMD 7 million: AMD 7 million (the AMD-denominated deposit is guaranteed in full, and the foreign currency deposit is guaranteed up to the difference between AMD 7 million and the amount of the compensable AMD-denominated deposit)
The compensation of bank deposits of individuals held with ID Bank CJSC is guaranteed by the Deposit Guarantee Fund within the limits established for compensable deposits, as follows:
Deposit Currency Structure/Maximum amount of guaranteed deposit compensation
If you hold only an AMD-denominated deposit with the same bank: AMD 16 million
If you hold only a foreign currency deposit with the same bank: AMD 7 million
If you hold both an AMD-denominated deposit and a foreign currency deposit with the same bank
if the AMD deposit exceeds AMD 7 million: AMD 16 million (only the AMD-denominated deposit is guaranteed)
if the AMD deposit is less than AMD 7 million: AMD 7 million (the AMD-denominated deposit is guaranteed in full, and the foreign currency deposit is guaranteed up to the difference between AMD 7 million and the amount of the compensable AMD-denominated deposit)
The Annual Percentage Yield (APY) may vary depending on the term of the deposit
It is calculated using the following formula
Example 1.
Deposit without the right to replenish
Deposit placement date
01.05.2025
Deposit amount
1,000,000 AMD
Annual interest rate
8.45%
Interest payment
at maturity (the repayment date of the deposit is not included in the calculation)
Deposit term
730 days (01.05.2027)
Accrued interest
1,000,000 x 8.45% : 365 x 730= 169,000 AMD
Total accrued interest
169,000 AMD
Interest income received by the Depositor
169,000 AMD
Example 2.
Deposit with the right to replenish։
Deposit placement date
01.05.2025
Deposit amount
1,000,000 AMD
Additional deposit amount
200,000 AMD deposited on 15.02.2026
Annual interest rate
7.20%
Interest payment
at maturity (the repayment date of the deposit is not included in the calculation)
Deposit term
365 days (01․05․2026)
Accrued interest
1,000,000 x 7.20% : 365 x 365 = 72,000 AMD, 200,000 x 7.20% : 365 x 290 = 11,441 AMD
Total accrued interest
83,441 AMD
Interest income received by the Depositor
83,441 AMD
Information Bulletin of Safe Deposits A depositor can be a legal entity with a current, card, savings or special bank account with the Bank (except for cases provided for by the internal legal acts of the Bank), a person without the status of a legal entity who has entered into or expressed a desire to conclude a Bank deposit agreement with the Bank.
Details can be found on the Bank's website, and if you have any questions, you should contact any branch of the Bank or call the Bank's call center at (+37410) 593333, (+37460) 273333.
The deposit can be made both with and without the right to increase.
A depositor who is a legal entity can conclude an agreement without the right of termination, in addition, in the case of a bank deposit agreement without the right of termination, if the deposit term exceeds 180 days, then 0.5% percentage point is added to the published interest in the case of deposits attracted in Armenian drams, 0.25 percentage points in the case of deposits attracted in US dollars (does not apply to deposits with the participation of individual entrepreneurs).
The minimum deposit amount is set at 100,000 (one hundred thousand) AMD or
2,000 US dollar or Euro or 120,000 Russian ruble.
2,000 US dollar or Euro or 120,000 Russian ruble.
The annual interest rates on the "Business Safe" deposit in different currencies, the terms, depending on the possibilities of the right to increase the deposit, are presented at the following link.
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