Classic Time Deposit - a method to wisely manage your funds.
Check and manage your deposit 24/7 via the acba digital app
Opening a deposit through the acba digital app provides more favorable conditions
Increase your savings in the most convenient way for you
Rules
| Card | Annual service fee | Minimum credit line limit | Minimum deposit amount |
|---|---|---|---|
| American Express Gold | 50,000 AMD (instead of the standard rate of 70,000 AMD) | AMD 1 million or equivalent foreign currency | AMD 1,052,632 or equivalent foreign currency if the card is purchased in the same currency (in case of obtaining a credit line with mandatory deposits) |
| AMD 1,250,000 or equivalent foreign currency if the card is purchased in the same currency (in case of obtaining a credit line without mandatory deposits) | |||
| AMD 1,333,334 or equivalent foreign currency if the card is purchased in another currency | |||
| American Express Blue | AMD 3,000 (instead of the standard rate of AMD 10,000) | AMD 180,000 or the equivalent in foreign currency | AMD 189,474 or equivalent foreign currency if the card is purchased in the same currency |
| AMD 240,000 or equivalent foreign currency if the card is purchased in another currency |
* except for the last three months of the deposit's validity period.
The details of the deposit replenishment terms are presented in the term deposit tariffs.
The following interest rates apply when making a Classic deposit with acba digital:
Term | Deposit annual nominal interest rate | Deposit annual interest yield* | ||||||
| AMD | USD | EUR | RUR | AMD | USD | EUR | RUR | |
1-3 month (inclusive) (31-90 days) | 4.6% | 0.6% | 0.35% | 1.1% | 4.68% | 0.60% | 0.35% | 1.10% |
3-6 month (inclusive) (91-180 days) | 6.1% | 1.6% | 0.6% | 2.1% | 6.19% | 1.61% | 0.60% | 2.11% |
6-9 month (inclusive) (181 -270 days) | 7.1% | 2.6% | 1.35% | 3.1% | 7.16% | 2.61% | 1.35% | 3.11% |
9-12 month (inclusive) (271- 366 days) | 8.1% | 3.35% | 1.6% | 3.6% | 8.1% | 3.35% | 1.60% | 3.60% |
12-24 month (inclusive) (367 - 732 days | 9.1% | 4.1% | 2.1% | 4.1% | 8.72% | 4.02% | 2.08% | 4.02% |
24-36 month (inclusive) (733 - 1098 days) | 9.6% | 4.35% | 2.35% | - | 8.80% | 4.17% | 2.30% | - |
In the case of making a Classic deposit in the bank's branches, the annual nominal interest rate of the deposit is set 0.1% lower than the above-mentioned interest rates.
* ATTENTION: THE INTEERST AMOUNTS AGAINST THE FUNDS, AVAILABLE ON YOUR ACCOUNT, ARE CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE, AND THE ANNUAL INTEREST YIELD SHOWS HOW MUCH INCOME YOU WILL RECEIVE, IN CASE OF PAYMENT OF MANDATORY DEPOSIT FEES AND AS A RESULT OF RECEIPT OF THE EARNED REGULAR INTEREST AMOUNTS. YOU CAN FIND THE CALCULATION METHOD OF ANNUAL INTEREST YIELD HERE: Calculation of annual interest yield.
If you place a Classic term deposit of AMD 50,000 in Acba Bank for a period of 1098 days and add AMD 10,000 each month, at the end of the deposit term you will manage AMD 438,440.
| Deposit amount (AMD) | Monthly payment amount (AMD)** | The amount you will have after tax*** | |||
| 6 months (180 days) | 12 months (366 days) | 24 months (732 days) | 36 months (1098 days) | ||
| 50 000 | 10 000 | 81 895 | 147 518 | 286 980 | 438 440 |
| 100 000 | 25 000 | 179 061 | 341 967 | 688 343 | 1 064 601 |
| 200 000 | 50 000 | 358 122 | 683 933 | 1 376 687 | 2 129 |
Very useful information
The deposit is processed at the Bank's branches and through the acba digital system.
During the validity of the contract, the deposit account statement and other information that must be provided according to RA legislation are given free of charge. Statements and copies of statements that are not mandatory under RA legislation are provided:
Free of charge - for statements up to 6 months (inclusive)
AMD 2,000 (including VAT) - for statements of 6 to 12 months (inclusive)
AMD 3,000 (including VAT) - for statements of more than 1 year
Interest is calculated daily on the outstanding balance of the account.
Funds received from third parties may also be credited to the depositor’s deposit account, provided that the necessary details of the depositor’s account are indicated. In cases where something else is stipulated, a statement would be issued.
The Bank calculates interest on the deposit amount from the day the deposit is received by the Bank until the day preceding the date it is returned to the client or withdrawn from the depositor’s account on other grounds. If the payment date of the deposit and its interest coincides with a non-working day of the Bank, the payment is made on the next working day; however, no additional interest is calculated for the non-working days.
Interest calculated on deposits made in foreign currency is paid in AMD, at the average exchange rate of the day published by the Central Bank of Armenia. Upon the client’s request, the interest may be paid in the currency of the deposit.
The Bank has the right to unilaterally change the amount of interest paid on the funds held in the bank account. In cases where something else is stipulated, a statement would be issued.
If the deposit is placed with an automatic renewal option, then upon the expiration of the deposit agreement, if the depositor does not request the deposit amount, the agreement is renewed each time for the contractual term of the original deposit, at the interest rate set by the Tariff in force at the moment.
If the depositor requests in writing form the repayment of the deposit in AMD and/or foreign-currency before the maturity date specified in the term deposit agreement, the Bank will, within 1 banking day, pay the depositor the deposit amount and the unpaid interest accrued up to the day preceding the termination date, at an annual rate of 0.1%.
If, after the expiration of the deposit agreement or the occurrence of circumstances specified in the agreement, the depositor does not request the term deposit amount, it is transferred to the client’s current account, and the interest rate defined by the Bank’s tariffs for demand deposits begins to accrue on that amount. In cases where something else is stipulated, a statement would be issued.
If, after the expiration of the deposit agreement or the occurrence of circumstances specified in the agreement, the depositor does not request the term deposit amount, it is transferred to the client’s current account, and the interest rate set by the Bank’s tariffs for demand deposits begins to be calculated on that amount. In cases where something else is stipulated, a statement would be issued.
The Bank may not unilaterally reduce the interest amount specified in the deposit agreement for a deposit placed with a return-after-term condition, after the expiration of the defined period or the occurrence of circumstances provided in the agreement. In cases where something else is stipulated, a statement would be issued.
Your financial informant:
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