Converse Bank

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  • Individuals
  •  / Deposits
  •  / Converse 25

Converse 25

Deposit "Converse 25"

New term deposit "Converse 25", which can be made from March 25 to December 30, 2019, inclusive.

Make deposit "Converse 25" also online, via AS Internet-Bank system.

Currency  AMD, USD
Deposit type
  •  Without the possibility to increase the deposit amount
  •  With the possibility to reduce the amount; as a result of withdrawing funds, the balance of the deposit amount shall not be less than AMD 250,000 or USD 500
Maturity  25 months
Minimum deposit amount
  • AMD 250,000
  • USD 500
Maximum (total) sum of the Deposit(s) placed in the name of one depositor
  • AMD 50,000,000
  • USD 100,000 
  If made in a branch
 If made via AS "Internet Bank" system

 

 

Annual interest rate
 

  AMD

 9.25%

Starting from the first day of the second year during the validity period of the Deposit 

9.5%

 9.5%

Starting from the first day of the second year during the validity period of the Deposit 

9.75%
 USD

 4.75%

Starting from the first day of the second year during the validity period of the Deposit

5.25%

5%

Starting from the first day of the second year during the validity period of the Deposit

5.5%
Payment of the interest amount At the end of the maturity term
The calculated interest is accrued to the balance of the deposit on the first day of the second year during the validity period of the Deposit

 

Withdrawals from the Deposit amount 

 

In case of early termination of the Deposit or partial withdrawal of the Deposit amount during the time period following the first year of the Deposit maturity term, the interest amount is recalculated.

  •  In case of AMD: at the annual rate of 9.25% for deposits made in a branch, and at 9.5% for deposits made via AS "Internet Bank" system
  •  In case of USD: at the annual rate of 4.75% for deposits made in a branch, and at 5% for deposits made via AS "Internet Bank" system

Within the framework of the campaign:

  1. At the end of the validity term of a Deposit placed in non-cash manner, cash payment is made without charging the encashment fee.
  2. The conditions of the "Special offer for depositors" apply to the depositors.
  3. In case of using the service of individual deposit boxes at "Kilikia", "Nor Nork", "Yeritasardakan", and "Gyumri" branches during the validity term of the Deposit, 50% discount to the standard tariff applies.

By the depositor’s choice, at the end of the Deposit term it will be prolonged based on the conditions of deposit "Progress" or "Orakan" acting at the Bank at that time.