Classic Deposit

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ACBA Digital

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Deposit classic

Classic Time Deposit - a method to wisely manage your funds.

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Currency

AMD, USD, EUR, RUR

Duration of Deposit

1-36 months

The minimal amount of the Deposit

AMD 50,000, USD 200, EUR 200 or RUR 5,000

Advantages

Current interest rate

More information

Important to know

The deposit amount may be increased by the depositor at any time during the term of the deposit agreement (except for the last three months of the deposit term).
If you wish, you can receive a free VISA Classic/MasterCard Standard payment card, if the amount (sum), available at the moment on your deposit account, is equal to or exceeds 500,000 AMD (equivalent in foreign currency) or a free VISA Gold/MasterCard Gold payment card, if the amount (sum) available at the moment on your deposit account, is equal to or exceeds 7.5 mln AMD (equivalent in foreign currency).
The interest accrued on the deposit for each completed month during the term of the deposit agreement shall be credited to the depositor's deposit account, with the interest accruing for the first six months at the end of the sixth month. During the aforementioned six months a bonus is accrued and credited to the depositor at the end of the sixth month, which, depending on the currency of the deposit, amounts to 0.13% for AMD, 0.03% for USD, 0.004% for Euro, 0.06% for RUB (annually), calculated on the daily balances of the amounts in the deposit account in those months respectively.**
Upon your request, a credit line may be linked to your payment card in AMD, USD and Euro, of up to 70% of the deposit amount, available at the moment on the deposit account, which you can use during the term of the deposit agreement.
Upon request, you can obtain American Express Gold or American Express Blue cards with credit lines, by pledging a deposit, with the beneficial tariffs and terms, specified below:

Card	Annual service commission fee	Minimum limit of the credit line	Minimum amount of deposit
American Express Gold	35,000 AMD (instead of 50,000 AMD standard tariff)	1 MM AMD or corresponding foreign currency	1,052,632 AMD or corresponding foreign currency in case of purchasing the card in the same currency 1,250,000 AMD or corresponding foreign currency card in case of purchasing in the same currency (in case of receiving a credit line without mandatory entries) 1,333,334 AMD or corresponding foreign currency in case of purchasing the card in a different currency
American Express Blue	6,000 AMD (instead of 10,000 AMD standard tariff)	180,000 AMD or corresponding foreign currency	189,474 AMD or corresponding foreign currency in case of purchasing the card in the same currency 240,000 AMD or corresponding foreign currency in case of purchasing the card in a different currency

In case of payment transactions from a credit line linked to VISA Classic/MasterCard Standard, VISA Gold/MasterCard Gold, American Express Gold/American Express Blue payment cards, and making repayment by the 7th, 14th and 20th of the next month respectively, the interest rate will not accrued

** This provision applies to deposits made as of August 5, 2016. In case of deposits denominated in USD and EUR, made before August 4, 2016, a bonus is paid in the amount of 0.06% and 0.02% (annual), payable on daily balances of the amounts, available on deposit accounts on those months.

Term	Deposit annual nominal interest rate				Deposit annual interest yield*
Term	AMD	USD	EUR	RUR	AMD	USD	EUR	RUR
1-3 month (inclusive)	4.0%	0.75%	-	1.0%	4.06%	0.75%	-	1.00%
3-6 month (inclusive)	5․5%	1.5%	-	2.0%	5.58%	1.51%	-	2.01%
6-9 month (inclusive)	6.5%	2.5%	0.5%	3.0%	6.55%	2.51%	0.5%	3.01%
9-12 month (inclusive)	7.5%	3.25%	1%	4.0%	7.50%	3.25%	1.0%	4.00%
12-24 month (inclusive)	8.5%	3.75%	1.5%	5.0%	8.17%	3.68%	1.49%	4.88%
24-36 month (inclusive)	9.0%	4.0%	-	-	8.29%	3.85%	-	-

* ATTENTION: THE INTEERST AMOUNTS AGAINST THE FUNDS, AVAILABLE ON YOUR ACCOUNT, ARE CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE, AND THE ANNUAL INTEREST YIELD SHOWS HOW MUCH INCOME YOU WILL RECEIVE, IN CASE OF PAYMENT OF MANDATORY DEPOSIT FEES AND AS A RESULT OF RECEIPT OF THE EARNED REGULAR INTEREST AMOUNTS. YOU CAN FIND THE CALCULATION METHOD OF ANNUAL INTEREST YIELD HERE: Calculation of annual interest yield.

The new deposit tariffs will come into force on 01-12-2020․

The credit account statement (including duplicate) and other information is provided free of charge during the term of the contract.

You can also make deposit replenishment with ACBA Digital internet banking.

Example of calculation of interest amounts

If you make a Classic time deposit with ACBA-CREDIT AGRICOLE BANK for 3 years in the amount of 50,000 AMD, and make a monthly replenishment in the amount of 10,000 AMD, by the end of the deposit period, you will possess 434,534 AMD.

Deposit amount (AMD)	Monthly payments (AMD)	Amount, you will receive after taxes **
Deposit amount (AMD)	Monthly payments (AMD)	after 6 month	after 12 month	after 24 month	after 36 month
50,000	10,000	81,70	146,935	285,092	434,534
100,000	25,000	178,685	340,650	683,905	1,055,260
200,000	50,000	357,371	681,300	1,367,810	2,110,520

** The data in the table may differ from the data, received by the deposit calculator, as the reflected data are calculated by the example of a random date.

More details:

* Annual interest yield as a result of application of an annual simple interest rate during the period of 365 days for a deposit of 1,000 AMD and capitalization of interests and payment frequency.

To register a deposit, the required documents are:

Identification document
Public service number or reference on receipt of a public service number.

The interest amount is calculated daily on the account balance.
Funds of the third parties may also be credited to the depositor's account, with specification of details of the depositor's account. Unless otherwise provided in the contract, a statement shall be printed out.
The deposit is registered in the branches of the Bank.
The Bank accrues the interest amounts on the deposit amount from the day after the date of deposit to the Bank until it is returned to the customer or the day before the deposit is withdrawn from the depositor's account for other grounds. In the event that the date of payment of the deposit and its interest amounts coincides with the Bank's non-working day, the payment shall be made on the following business day, but no additional interest shall be charged for non-working days.
The interest amounts on deposits in foreign currency are paid in AMD at the average exchange rate of the day published by the CBA. At the customer's request, the interest amounts may be paid in the currency of the deposit.
The Bank has the right to unilaterally change the size of payable interest on demand deposits and funds in the bank account. Unless otherwise specified, a statement shall be printed.
In case of request of a bank deposit in AMD in writing earlier than the deadline stipulated in the time deposit agreement, the deposit and the interest rate of 1% for the days, preceding the end of deposit validity will be paid to the depositor within 1 banking day.
In case of request of a bank deposit in foreign currency in writing earlier than the deadline stipulated in the time deposit agreement, the deposit and the interest rate of 1% for the days, preceding the end of deposit validity will be paid to the depositor within 1 banking day.
If the amount of the time deposit is not requested after the termination of the deposit agreement or upon the occurrence of the circumstances provided for by the contract, the contract is considered to be extended with the terms of the demand deposit. Unless otherwise specified, a statement shall be printed.
The Bank may not unilaterally reduce the deposit interest amounts, determined by the deposit contract, deposited with the term of its return upon expiry of a specified period or upon the occurrence of the conditions, provided for in the contract. Unless otherwise specified, a statement shall be printed.

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Acba bank is supervised by the CBA.

82-84 Aram Street, Yerevan, Armenia

Tel: (+374 10) 31 88 88 (24/7)

Fax: (+374 10) 54 34 85

E-mail: acba@acba.am

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