Converse Bank- Daily

Updated: 21.12.2009 10:49

arm

rus

eng

Internet banking

My Converse

On-line banking

My Converse

Registration system

Time Deposits

01.03.2010 - 31.03.2010

AMD - 10.00

USD - 7.00

Progress

Karas

Manuk

Investment

Daily

Pension

Garun

Daily

Terms

The Deposit "DAILY" is a flexible option that enables you to deposit your savings for any number of days between 30 and 365 days*.

The interest rate for each deposit is based on the interest rates specified for the deposit "Progress" in the following formula:

I = A+(B-A)/(C)*(D), wherein:

I - interest rate for the deposit "DAILY"

(A) - interest rate of the shorter time being the nearest one to the deposited amount

(B) - interest rate of the longest term being the nearest one to the deposited amount

(C) - the difference of the days between the shorter or longer term time deposits closest to the deposit

(D) - the difference of the days between the deposit and the shorter term time deposit closest to it

The deposits are accepted as follows:

Deposit currency
Deposit amount in AMD	USD	EUR
starting from 100 000	starting from 500	starting from 500

* In exceptional cases the Bank Executive Director or his authorized person may allow the customer to deposit for a short period of less than one month.

Contract

DEPOSIT "DAILY"

Preferred terms/flexible rates

Dear customers,

Please read the below stated very attentively:

The interests against the account amounts of the depositor are calculated on the basis of nominal interest rate and the annual profitability shows the possible income in case of depositing interest amounts. You can find the procedure and an example of calculating annual profitability in the link below:
The procedure and an example of calculating and paying deposit interests / according to Regulation 8/02 of the RA Central Bank "On calculation of annual interest profitability of bank deposits"/.