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Orakan

Daily deposit "Orakan"

Daily deposit "Orakan" is designed to have a deposit from 30 to 545 days.

General Overview
Currency AMD, USD, EUR
Period between 45-545 days

Deposit Terms

You have opportunity to:

  • determine your deposit term within 45-545 days interval*
  • in case of daily deposit the interest rate is calculated on basis of interest rates defined for deposit "Progress" with 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

Currency Amount
AMD starting from 30 000
USD starting from 500
EUR 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 45 days.