Ավանդ "Դասական"
Deposit “Classic”
MINIMUM AMOUNT
100,000 AMD
1000 USD
1000 EUR
20,000 RUB
TERM
30 - 730 days
ANNUAL INTEREST RATE
9,7% in case of AMD
4.25% in case of USD
2.5% in case of EUR
5% in case of RUB
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Information summary |
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Basic conditions of the deposit |
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Basic conditions of the deposit |
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Deposit Currency |
AMD |
USD |
EURO |
RUSSIAN RUBLE |
AMD |
USD |
EURO |
RUSSIAN RUBLE |
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Term of the deposit |
Interest payment procedure |
Annual nominal interest rate |
Annual Percentage Yield |
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30-90 days |
monthly |
card account/bank account |
5.25% |
- |
- |
- |
5.38% |
- |
- |
- |
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at the end of the term |
5.5% |
- |
- |
- |
5.62%-5.64% |
- |
- |
- |
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91 – 180 days |
monthly |
card account/bank account |
6.5% |
0.25% |
- |
0.5% |
6.7% |
0.25% |
- |
0.50% |
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at the end of the term |
7.0% |
0.25% |
- |
1.5% |
7.12%-7.19% |
0.25% |
- |
1.51% |
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181 – 365 days |
monthly |
card account/bank account |
8.25% |
2.25% |
- |
0.5% |
8.57% |
2.27% |
- |
0.50% |
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at the end of the term |
8.5% |
2.5% |
- |
1.5% |
8.50%-8.68% |
2.50%-2.52% |
- |
1.50%-1.51% |
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366 – 549 days |
monthly |
card account/bank account |
9.25% |
4% |
1.6% |
3.5% |
9.65% |
4.07% |
1.61% |
3.56% |
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at the end of the term |
9.5% |
4.2% |
2% |
4% |
9.29%-9.50% |
4.16%-4.20% |
2.00% |
3.96%-4.00% |
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550 – 730 days |
monthly |
card account/bank account |
9.4% |
4% |
2.25% |
4.5% |
9.82% |
4.07% |
2.27% |
4.59% |
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at the end of the term |
9.7% |
4.25% |
2.5% |
5% |
9.27%-9.48% |
4.16%-4.21% |
2.48% |
4.88%-4.94% |
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The minimal amount of the Deposit |
100,000 |
1,000 |
1,000 EUR |
20,000 |
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The maximum amount of the Deposit |
100,000,000* |
300,000* |
300,000* |
20,000,000* |
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*Interest rates for deposits exceeding the maximum amount are set on a contractual basis. |
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A “term” deposit intended for resident and non-resident legal entities and individuals. |
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Interest payment terms are based on the depositor's preference: either at the end of the term or monthly, and can be paid to their bank or card account. Interest capitalization is not available. |
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All depositors receive a gift: a UNIPAY unified utility payment system card. |
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The following types of payment cards are provided free of charge to the Bank's depositors and/or bond investors, with no annual service fee for the entire 3-year validity period. For amounts of 1,000,000 AMD or equivalent in foreign currency and above: VISA Classic For amounts of 10,000,000 AMD or equivalent in foreign currency and above: VISA Gold For amounts of 20,000,000 AMD or equivalent in foreign currency and above: VISA Signature For amounts of 50,000,000 AMD or equivalent in foreign currency and above: VISA Infinite |
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ADDITIONAL INFORMATION
Tariffs and penalties
1. Term deposit accounts are serviced through bank accounts. If the client does not already have an account with Unibank OJSC, the Bank will open an AMD account for those making term deposits in AMD. For term deposits in foreign currency, the client can choose either a foreign currency account or an AMD account.
2. The annual maintenance fee for each account is 1,200 (one thousand two hundred) AMD for resident individual term depositors, 120,000 (one hundred twenty thousand) AMD for non-residents, and 500 (five hundred) AMD for resident individuals holding foreign currency accounts. Deposit account statements are provided free of charge once a month. A fee of 2,000 AMD is charged for duplicate statements for accounts less than 1-year-old, and 5,000 AMD for accounts over 1-year-old. The Bank reserves the right to close a customer's account unilaterally if the service fees specified in the Bank's tariffs are not paid, if the balance does not increase, or if no transactions have been made for over a year.
3. The annual maintenance fee for each account is 1,200 (one thousand two hundred) AMD for resident individual term depositors, 120,000 (one hundred twenty thousand) AMD for non-residents, and 1000 (one thousand) AMD for resident individuals holding foreign currency accounts. Deposit account statements are provided free of charge once a month. A fee of 2,000 AMD is charged for duplicate statements for accounts less than 1-year-old, and 5,000 AMD for accounts over 1-year-old. The certificate issuance fee is 2,000 AMD if the client’s accounts have been with the bank for more than six months and 5,000 AMD if they’ve been with the bank for less than six months.
The Bank reserves the right to close a customer's account unilaterally if the service fees specified in the Bank's tariffs are not paid, if the balance does not increase, or if no transactions have been made for over a year.
4. In case of early termination of the deposit agreement at the request of the depositor, the interest already paid will be deducted from the deposit amount.
5. The term of the bank deposit agreement is extended as specified in the agreement. If the depositor does not request payment of the deposit after the term expires, the agreement will either be extended under the terms outlined in the agreement, at the interest rate in effect at the time of extension, or the deposit amount will be transferred to the depositor's bank account, where the terms applicable to bank accounts will apply. The interest rate on the balances of bank accounts for resident and non-resident individuals, both in AMD and foreign currency, is 0% per annum for the actual period the deposit remains with the bank. The bank reserves the right to change the interest rate on bank account balances according to the rates and tariffs approved by the Bank's Board, unless the bank account servicing agreement specifies otherwise.
6. Funds from third parties may also be deposited into the depositor's account in the depositor's name, with the necessary details about their deposit account provided.
7. The amount of interest on the Deposit specified in the Bank Deposit Agreement is not subject to unilateral reduction by the Bank during the term of the deposit.
8. Interest on funds in the deposit account is calculated based on the Nominal Interest Rate.
9. The annual percentage yield (APY) represents the interest a depositor would earn on a $1,000 deposit over a 365-day period, based on an annual simple interest rate with interest compounded and paid at regular intervals:
ATTENTION: INTEREST AMOUNTS ON THE FUNDS IN YOUR ACCOUNT ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL INTEREST YIELD SHOWS HOW MUCH INCOME YOU WILL RECEIVE AS A RESULT OF MAKING THE MANDATORY PAYMENTS RELATED TO THE DEPOSIT AND RECEIVING THE INTEREST AMOUNTS EARNED AT A DEFINED PERIOD. SEE BELOW FOR THE CALCULATION PROCEDURE FOR ANNUAL INTEREST YIELD
Information on interest rates
1. Annual simple interest rate - the annual interest rate set by the deposit agreement, based on which the bank calculates the interest payable to the depositor.:
The formula for calculating interest paid under this type of deposit agreement:
DA * I/ 365 * Days – 10% (income tax), where
DA – Deposit Amount
I – Annual simple interest
Days –The number of days for the deposit is calculated based on Article 907, paragraph 1 of the Civil Code of the Republic of Armenia. According to this, interest on the deposit amount is calculated for the calendar days from the date the bank receives the deposit until the day before it is returned to the depositor or withdrawn for any other reason."
Example 1
Maturity period - 366 days
Deposit Amount - 1000 USD
Annual simple interest 4.2%
1000 * 4.2/100 / 365 * 365 - 10% = AMD equivalent to 37.8 USD
2. Annual percentage yield (APY)` 1. shows how much the annual interest rate on the deposit will be as a result of the customer making mandatory payments related to the deposit and adding the interest received to the principal amount (capitalization).
,where
A - initial deposit amount,
n- serial number of cash flows on the deposit,
N- is the last number of cash flows for the deposit (including the cash flow at the time of deposit placement), after which the term of the deposit agreement is considered to have ended,
Kn - flows of the deposited amount and/or capitalized interest at the time of deposit placement and/or during the term of the deposit, as well as mandatory payment flows, if any,
Dn - is the number that shows how many days have passed from the date of deposit placement until the next (nth) cash flow made against the deposit, inclusive.
In the case when the cash flow is at the time of deposit placement: D 1=0.
APY- is the annual percentage yield.
Let's assume a deposit is offered with the following terms:
a. Deposit amount: 1000 USD
b. Maturity period: 366 days, 1 year
c. Annual simple interest: 4.2%
d. Interest payments at the end of the deposit term
e. Mandatory payments made by the depositor on the day of receiving the deposit:
Mandatory deposit account maintenance fee: 1200 AMD /3.1 USD/ per year
The interest paid at the end of the term of the deposit agreement will be
1000 * 0.042 =42 USD
n=1 , n=2
D1=0 , D2=366
K1=-3.1 , K2= 1,042
3. Possible calculation of annual interest rate on deposits with regular interest payments
APY= (1+r/n)n- 1, where
APY-Annual percentage yield
n- Compounding Frequency,
r = Nominal Interest Rate.
If the frequency of interest payments at the end of the term is n =1, then
APY= (1+0.042/12)12 -1
APY=0.042*100 = 4.2 %
Information on the protection of depositor rights
Disputes and disagreements arising from account servicing or the deposit agreement are resolved by mutual agreement. In case of failure to reach an agreement, the rights of the depositor are subject to protection in court, as well as through the financial system mediator. The depositor may protect their rights personally or through an authorized representative.
The bank does not have the right to condition the conclusion of a deposit agreement on the conclusion of an arbitration agreement.
Other information
1. The documents required to make a deposit are:
- passport or identity document,
- public services number (social card) or a certificate of refusal:
2. Interest is accrued on the amount of a term deposit from the date the deposit is received by the Bank until the day preceding the date of its return to the depositor or its withdrawal from the Depositor's deposit account on other grounds. Interest is accrued daily.
3. The interest accrued on the deposit is subject to income tax in accordance with the legislation of the Republic of Armenia, the rate of which is 10%. The depositor is paid the already taxed interest.
4. If the deposit repayment date coincides with a holiday and/or weekend, the deposit repayment date is considered the following business day.
5. Deposits made in the Bank are guaranteed by the Deposit Guarantee Fund for Individuals in accordance with the legislation of the Republic of Armenia. The guaranteed deposit limits are as follows:
a) if the depositor has only a dram bank deposit in an insolvent bank, the amount of the guaranteed deposit is sixteen million Armenian drams;
b) if the depositor has only a foreign currency bank deposit in an insolvent bank, then the amount of the guaranteed deposit is seven million Armenian drams;
c) if the depositor has dram and foreign currency bank deposits in an insolvent bank, and the amount of the dram bank deposit exceeds seven million Armenian drams, then only the dram deposit is guaranteed, up to sixteen million Armenian drams,
d) if the depositor has dram and foreign currency bank deposits in an insolvent bank, and the amount of his dram bank deposit is less than seven million Armenian drams, then the dram bank deposit is guaranteed in full and the foreign currency bank deposit is guaranteed in the amount of the difference between seven million drams and the compensated dram bank deposit.
6. You can get additional information of interest to you by calling the hotline at (+37410) 59 55 55.
For the purpose of due diligence of the customer as defined by the RA Law "On Combating Money Laundering and Financing of Terrorism", the Bank may request additional documents or other information from the consumer based on the "Know your customer" principle, as well as ask additional questions to the consumer during oral communication.
Call Center: +37410 59 55 55
“Your Financial informant” - www.fininfo.am
ATTENTION: “YOUR FINANCIAL INFORMANT” IS AN ELECTRONIC SYSTEM WHICH MAKES IT EASY TO SEARCH, COMPARE, AND SELECT THE MOST EFFECTIVE OPTION FOR SERVICES OFFERED TO INDIVIDUALS.