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Converse 25

Deposit "Converse 25"

The new term deposit "Converse 25" can be placed during the period from September 17, 2018 to December 29, 2018, inclusive.

Currency  AMD
USD
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 

 

 

Annual interest rate
 

 AMD

 9.25%

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

9.5%

 USD

 4.75%

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

5.25%

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
Deposit type Without the opportunity of increasing the amount

 

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 validity term, the interest shall be recalculated:

  • at the annual rate of 9.25% for AMD
  • at the annual rate of 4.75% for USD

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.