| Internet banking | My Converse |
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On-line banking
My Converse
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| Progress |
Terms
The deposit "PROGRESS" is a profitable option for placing customer funds. IT gives an opportunity to:
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Freely and effectively place your funds
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Choose between the offered rates at your discretion depending on the deposit amount and terms
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Select between types of currency and deposit maturity terms.
| Deposit amount in AMD thousand |
Annual interest rate for AMD deposits with interest payments at maturity |
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Deposit term in months |
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1 |
3 |
6 |
9 |
12 |
18 |
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100-30000 |
6.0% |
7.0% |
8.0% |
9.0% |
10.0% |
11.0% |
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Deposit amount in USD |
Annual interest rate for USD deposits with interest payments at maturity |
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Deposit term in months |
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1 |
3 |
6 |
9 |
12 |
18 |
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500-100000 |
2.0% |
4.0% |
5.0% |
6.0% |
7.0% |
7.5% |
| Deposit amount in EUR |
Annual interest rate for EUR deposits with interest payments at maturity |
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Deposit term in months |
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1 |
3 |
6 |
9 |
12 |
18 |
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500-50000 |
1.0% |
2.0% |
3.0% |
4.0% |
5.0% |
5.5% |
In case of monthly payment of interest 1 "Progress" the deposit interest rate is defined less than 0.5% from the appropriate schedule.
Deviations from interest rates may be set for deposits over AMD 30 million, USD 100,000, and EUR 50,000.
Define that
the following conditions exist for depositors who would like to use "Progress" deposit:
a/ if the deposit is made in the same term, then the interest rate is calculated with the appropriate term with the interest rate existing in the Bank for the deposit + 0.25%
b/ if the deposit is made in the term of a minimum of three months then the interest rate is defined for the appropriate term with the interest rate existing in the Bank for the deposit + 0.5%
the above mentioned conditions are applicable also for term deposits which are made with funds already deposited in another foreign currency.
Contract
DEPOSIT "PROGRESS"
Unobstructed movement to progress.
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"/
© CONVERSE BANK cjsc 2010. All rights reserved. Developed by Smart Systems LLC.