|
Currency |
Annual nominal interest rate |
Bonus* |
Annual annual interest yield * |
AMD |
9.5% |
0.5% |
9.51% |
USD |
4% |
0.2% |
4.01% |
Currency |
Annual nominal interest rate |
AMD |
10% |
USD |
4.2% |
Annual interest rate for time deposits for children և Annual interest rate overlap.
In case of deposit type for children, interest is added to the deposit amount on an annual basis.
* 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.
Example for calculation of interest amounts:
Deposit amount (AMD) |
Monthly amount (AMD) |
Amount, your child will have** |
|
after 6 year |
after 18 year |
||
50,000 |
10,000 |
992,061 |
5,274,877 |
100,000 |
25,000 |
2,438,406 |
13,073,185 |
200,000 |
50,000 |
4,876,812 |
26,146,370 |
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.
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