Savings account | Ameriabank
My Ameria
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Մոբայլ բանկինգ
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4.07% percentage yield

Annual percentage yield for AMD accounts

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Flexibility

Top-up or withdrawal of a part of the deposited amount throughout the account service term.

What is a savings account?

There are certain dreams and purposes in life that are just a step away. A savings account with Ameriabank is the shortest way to take this step. Save money with us and feel the benefits of flexible account management options. 

You can make your savings, earn interest, add or withdraw funds any time you like, and use the funds in your savings account freely.

Advantages

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Accounts management without visiting the Bank

Ameria Online and Mobile Banking platforms, as well as our phone banking services, enable you to make transfers and payments, including loan payments, check your account, and much more.

transfer icon
Instant transfers between your accounts

Make payments from your savings account to your current or card accounts at any time.

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Savings in the currency you prefer

Savings accounts are available in Armenian drams, US dollars, euros, and Russian rubles.

Don't have an Ameriabank account yet?

Open an account online, get a free account, one Visa Classic or MasterCard Standard card and online/mobile banking.

Armenian actress Ani Khachikyan is smiling

What documents do I need to open a savings account?

If you are already an Ameriabank client, you can complete a savings account application via our Online/Mobile Banking platforms. No additional documents are required.
If you would like to visit a branch office, you will need a personal identification document and PPSN or a certificate of not having PPSN.

How long does it take to open a savings account?

We open savings accounts based on your application within 1 business day.

Is repayment of funds on my savings account guaranteed?

Yes, repayment of your funds is guaranteed by the Deposit Guarantee Fund (15 Khorenatsi Street, Elite Plaza Business Center, Yerevan 0010, Armenia). According to the Republic of Armenia Law on Guarantee of Bank Deposits of Individuals, any funds available on settlement, current, time deposit, savings, or other accounts with a bank are considered a bank deposit. The maximum guarantee coverage for deposits in Armenian drams is AMD 16 million and AMD 7 million for deposits in foreign currency. For deposits both in AMD and foreign currency with the AMD-denominated deposit exceeding AMD 7 million, the guarantee coverage is up to AMD 16 million for the AMD-denominated amount only. The maximum guarantee coverage is AMD 16 million. For deposits both in AMD and foreign currency with the AMD-denominated amount under AMD 7 million, the guarantee coverage is 100% for AMD deposit + difference between AMD 7 million and reimbursed amount in AMD for foreign currency deposit. The maximum guarantee coverage is AMD 7 million.
If you have several deposits in AMD with any given bank, they are treated as a single deposit in AMD, and likewise, if you have several deposits in foreign currency, they are treated as a single deposit in foreign currency.

Am I required to secure a minimum balance on savings account?

No minimum deposit on savings accounts is required. However, an actual account balance may affect your interest rate. If your balance is lower than the specified limit of AMD 200,000, USD 500, EUR 300, or RUB 15,000, your annual interest rate will amount to 0.1%.

Can I close my savings account and withdraw my cash any time?

If you have made a time deposit, you are free to terminate it and receive your funds back at any time. However, note that the interest will be recalculated at a different rate, depending on the deposit type.
If you wish to withdraw your funds in cash, you should file a relevant request with the head office one day before the preferred day of cash withdrawal if the amount requested exceeds AMD 30 million, USD 100,000, and EUR 30,000, or AMD 1 million equivalent in the case of other currencies.
The following cash withdrawal limits are applied in the case of cash withdrawal in Yerevan-based branches of Ameriabank: AMD 20 million, USD 25,000, and EUR 15,000, while in the case of cash withdrawal in branches beyond Yerevan, the following limits are applied: AMD 10 million, USD 20,000, and EUR 10,000. If you want to withdraw funds at the bank's regional branches, any amount exceeding the specified limits may be provided in cash within up to 5 business days upon the submission of a withdrawal request from you.
The bank has to return the deposit amount or its part to you upon your request. If you decide to request the deposit amount before the due date, we will recalculate the amount based on your request and will return the remaining deposit amount. In this case, we will pay interest at an annual interest rate of 0.1% instead of that defined by the deposit agreement. If the interest that should have been charged back after recalculation has been already paid, we will withdraw it from the principal amount of the deposit after the deduction of interest calculated at an annual interest rate of 0.1%. This condition is applicable unless otherwise defined by deposit terms and/or deposit agreement.

Item

Standard

1.   Account opening + service package (The package[1] includes a bank account in AMD and one foreign currency, one payment card[2], MyAmeria app)

The package is available only to the citizens of Armenia.    

AMD 7,000

2.   Distance opening of Smart account + service package (The package1 includes a bank account in AMD, one payment card[3], MyAmeria app)

The package is available only to the resident citizens of Armenia.

Free

3.   Account opening (including distance opening) + “For Students” service package (The package1 includes an AMD bank account, one Student payment card[4], MyAmeria app)

Free

4. Account opening[5]

 

4.1.Customer due diligence for the establishment of business relationships

 

4.1.1  For Armenian citizens

Free

4.1.2 For non-citizens of Armenia[6]

AMD 20,000

3.  

4.  

4.2. Accounts in AMD

 

4.2.1.  For Armenian citizens

 

4․1․1․1․ At Yerevan-based branches, if opened via Internet/Mobile Banking

AMD 3,000

4․1․1․2․ At branches outside Yerevan

Free

 4․1․1․3 If opened via MyAmeria app

Free

4.3. Accounts in foreign currency, including metal accounts in gold (999.9)

 

4.3.1.  At Yerevan-based branches, if opened via Internet/Mobile Banking

AMD 3,000

 per account

4.3.2.  At branches outside Yerevan

AMD 2,000

per account

4.3.3.  If opened via MyAmeria app

Free

5. Minimum account balance[7]

N/a

6.    Account management[8]

 

6.1   If during a calendar half-year the average cash flows on the client’s bank accounts are at least AMD 150,000, or the average daily balance on the accounts is above AMD 50,000

Free

6.2   If during a calendar half-year the average cash flows on client’s bank accounts are less than AMD 150,000, or the average daily balance on the accounts is less than AMD 50,000

AMD 1,000 per calendar half-year

7.    Distance banking systems[9]

 

7.1 Activation of Internet/Mobile Banking

Replacement of token, Ameria Token app code

AMD 10,000 lump sum

7.2 Activation of MyAmeria app

Free

7.3 Recovery of Internet/Mobile Banking, MyAmeria password at the Bank branch premises

AMD 1,000, VAT included

7.4 Internet/Mobile-Banking[10] service fee

AMD 3,000, VAT included,

per calendar half-year

7.5 Phone banking[11]

AMD 5,000 lump sum

8. Provision of statements, information and copies of documents

 

8.1  Provision of up to 6 months-old account statements, copies of account statements or other documents kept in electronic form

Free

8.2 Provision of from 6 months to 1 year-old account statements, copies of account statements or other documents kept in electronic form

AMD 3,000, per annual statement per account and each electronically stored document, VAT included

8.3  Provision of more than 1 year-old account statements, copies of account statements or other documents kept in electronic form[12]

AMD 5,000 per annual statement per account and each electronically stored document, VAT included

[1] In case of refusal to use one or several services, the package price does not change. If the client refuses from certain services but applies for them later, such services will be chargeable pursuant to their respective tariffs. The package is available to the existing clients if they do not use any of the package services (does not apply to Smart and For Students packages).

[2] VISA Classic or MasterCard Standard cards are offered without annual service fee. Should the card be reissued upon expiry of the validity period, a fee will be charged in accordance with the then-effective payment card terms and conditions.

[3] If the client chooses VISA Classic, MasterCard Standard or ArCa Carrefour Smile payment card, they are offered with no annual service fee. In case of Visa Classic Moons cards, an annual service fee will be charged in accordance with Ameriabank CJSC Card Rates and Fees.

[4] There is no annual service fee for the Student cards. In case of card reissuance upon expiry of the validity period, an annual service fee will be charged in accordance with the then-effective payment card tariffs and terms.

[5] To use bank services, clients need to open an account in AMD. In case of ordering a payment card, opening a savings account, time deposits, purchase of bonds, getting loan products, safe deposit box renting or brokerage account opening, the respective account opening fees will not be applied.

[6] The fee is charged in case the Bank approves establishing business relationships with a client as a result of due diligence. The fee is not charged in case of the “For Students” Package.

[7] 0% annual interest on credit balance.

[8] The turnover of any bank account of the client (including card accounts) applies to all other accounts (this provision is applicable only in terms of charging the commissions). If the client has an active card only linked to a card account, no commission is charged. If the account is linked to a closed card, the commission is chargeable in accordance with the tariffs. Commissions are charged within two weeks following each calendar half-year.

If there was no activity on the account during the most recent 12 months, the account will be restricted for debiting within two weeks following each calendar quarter.

If there was no activity on the account during the most recent 12 months and the account balance is zero, the account will be closed within two weeks following each calendar half-year. This does not apply to the accounts that are required in the scope of other services provided to the client by the Bank.

Account maintenance fee shall not be charged (i) from the clients  having only brokerage accounts and/or (ii) if a bank account has been opened and is maintained for provision of the safe deposit box service.

[9] The Bank defines currency exchange rates every business day. Such rates remain effective during open hours of the Bank. The Bank is entitled to reject conversion applications received by distance banking systems on non-open hours (before 09.30 a.m. and after 5:00 p.m.) and non-business days (including Saturdays).

[10]The fee is charged during two weeks following each calendar halfyear if at the time of fee charging the client has an active Internet/Mobile-Banking system. The fee will become effective starting July 1, 2023.

[11] The following services subject to the limits specified below may be performed via phone banking:

 

N

Operation

Limit per transaction (AMD or foreign currency equivalent, in which case the limit is determined at the CBA exchange rate)

1

Getting voice information about accounts

N/A

2

Setting (agreeing) transaction value and currency for FX transactions

N/A

3

Transfers between client’s accounts with Ameriabank

Up to AMD 10,000,000

4

Transfers between the client’s and other parties’ accounts with Ameriabank

Up to AMD 10,000,000

5

Non-cash FX transactions

Up to AMD 10,000,000

6

Transfers to other Armenian banks if the client has previously made the same transfer with the same banking details

Up to AMD 5,000,000

6.1

Transfers to other Armenian banks if the client makes the transfer for the first time

Up to AMD 3,000,000

7

International transfers

Max AMD 2,000,000 daily

8

Utility payments

Up to AMD 1,000,000

9

Fast money transfers

N/a

[12] The fee is not charged for provision of home loan statements (i.e. loans for purchase/renovation/construction of residential real estate).

Information guide to savings account opening and servicing (for individuals) (PDF)

1. A savings account is an account where the client can top-up or withdraw part of deposited amount throughout the account service term. 

2. The Bank opens a savings account for the client within 1 (one) business day upon receiving an account opening application-agreement from the client. 

3. Savings accounts are available in Armenian drams, US dollars, euros and Russian rubles. Transactions are executed in savings account currency, except for currency exchange transactions and the Bank's fees, which are payable in Armenian drams. Currency conversion is subject to the rates of the Bank effective at each particular moment. 

4. No minimum account balance is required at the time of savings account opening. 

5. The following transactions may be performed via the savings account: 

5.1. Transfers

5.2. Account debiting

5.3. Account crediting

5.4. Currency exchange 

6. For clients opening a savings account the Bank opens a current account in AMD. 

7. The list of materials and information required for a savings bank account opening is available here.

8. Under the Republic of Armenia Law “On Combating Money Laundering and Terrorism Financing” we may request you to provide additional information and documents to conduct “Know your customer” due diligence, as well as ask you additional questions during verbal communication (if required so).

9. Agreements, covenants, cooperation or memberships of the Bank may have direct impact on opening and service of client accounts (for example, according to the agreement executed with the US under the Foreign Account Tax Compliance Act (FATCA) the financial institution may collect additional information to find out whether you are a US tax payer).

10. Savings Account Agreement is executed for an indefinite term and may be terminated in the following cases:

10.1. On the client’s initiative, or, in case of joint accounts, mutual consent of all the account holders, based on written application submitted to the Bank in paper form or via the channel specified by the client as the preferred means of communication. The account may be closed if there is no credit balance on account, no debt to the Bank and/or the account is not under lien. Any credit balance available on account at the time of closing will be withdrawn or transferred to your other accounts with Ameriabank or other banks, and the account with zero balance will be closed within 1 business day after submitting the account closing application. 

10.2. On the Bank’s initiative, 

10.2.1. based on clients and accounts database monitoring results

10.2.2. if there have been no cash flows on account during the most recent 12 months and account balance has been zero.

We will notify you  about the account closure at least 5 days in advance by the communication channel specified by you in the Agreement (email, in person within the Bank premises, mail or any other channel agreed with the Bank). 

11. Foreign exchange transactions based on your payment orders, including orders submitted via distance banking channels, are executed by the Bank at the exchange rates effective at the time of execution of transaction irrespective of when the Bank received your payment order. We may decline currency exchange or paper gold purchase orders we receive outside business hours or on weekends and public holidays.

12. Cash is deposited into current account at the time it is presented. Amounts received through wire transfers are deposited into account subject to availability of sufficient documentary proof from the correspondent bank. 


Minimum account balance required to ensure the annual percentage yield and interest accrual procedure are presented below.


1.    Account opening fee[1]

 

1.1.Customer due diligence for the establishment of business relationships

 

1.1.1.    For Armenian citizens

Free

1.1.2.   For non-citizens of Armenia[2]

AMD 20,000

1.2.   Accounts in AMD

 

1.2.1.    At Yerevan-based branches, if opened via Internet/Mobile Banking

AMD 3,000

1.2.2.    At branches outside Yerevan

Free

1.2.3.  If opened via MyAmeria app

Free

1.2.4.  Accounts in foreign currency, including metal accounts in gold (999.9)

 

1.2.5.  At Yerevan-based branches, if opened via Internet/Mobile Banking

AMD 3,000 per account

1.2.6.  At branches outside Yerevan

AMD 2,000 per account

1.2.7.  If opened via MyAmeria app

Free

2.    Account management[3]

 

2.1.     If during a calendar half-year the average cash flows on the client’s bank accounts are at least AMD 150,000, or the average daily balance on the accounts is above AMD 50,000

Free

2.2.     If during a calendar half-year the average cash flows on client’s bank accounts are less than AMD 150,000, or the average daily balance on the accounts is less than AMD 50,000

AMD 1,000 per calendar half-year

3.    Account closing

Free

4.    Distance banking systems [4]

 

4.1. Activation of Internet/Mobile Banking

Replacement of token, Ameria Token app code

AMD 10,000 lump sum

4.2. Activation of MyAmeria app

Free

4.3. Recovery of Internet/Mobile Banking, MyAmeria password at the Bank branch premises

AMD 1,000, VAT included

4.4. Internet/Mobile-Banking[5] service fee

AMD 3,000, VAT included,

per calendar half-year

4.5. Phone banking[6]

AMD 5,000 lump sum

5.    Provision of statements, information and copies of documents

 

5.1.    Provision of up to 6 months-old account statements, copies of account statements or other documents kept in electronic form

Free

5.2.   Provision of from 6 months to 1 year-old account statements, copies of account statements or other documents kept in electronic form[7]

AMD 3,000, per annual statement per account and each electronically stored document, VAT included

5.3.    Provision of more than 1 year-old account statements, copies of account statements or other documents kept in electronic form7

AMD 5,000 per annual statement per account and each electronically stored document, VAT included

5.4.   Provision of more than 1 year-old account statement or other electronic document, by emailing to the customer without a stamp7

AMD 3,000, per annual statement per account and each electronically stored document, VAT included

5.5.    Provision of up to 6 months-old account statements, copies of account statements or other documents kept in electronic form

Free

5.6.   Provision of from 6 months to 1 year-old account statements, copies of account statements or other documents kept in electronic form[8]

AMD 3,000, per annual statement per account and each electronically stored document, VAT included

5.7.   Provision of references

 

5.7.1.Provision of a reference on a Bank template, if ordered on the Bank premises [9]

AMD 3,000, VAT included

5.7.2.Provision of a reference in the form different from a Bank template, if ordered on the Bank premises

AMD 5,000, VAT included

5.7.3.Provision of a reference on a Bank template, if ordered online by Internet/ Mobile Banking/on the Bank’s website [10]

AMD 1,000, VAT included

5.8.     Delivery of account statement

 

5.8.1.By electronic means

Free

5.8.2.By post within Armenia[11]

AMD 1,000 monthly, VAT included

5.8.3.By post outside Armenia[12]

As per postal service bills

5.9.Change of the manner of delivery of statements and other required notices

 

5.9.1.   Once a year

Free

5.9.2.  Twice a year and more often

 

5.9.2.1.  If the instruction is submitted on the Bank premises or via Internet Banking 

Free

5.9.2.2.  If the instruction is submitted via other means satisfactory to the Bank 

AMD 5,000, VAT included

6.    Account crediting in cash

 

6.1.AMD[13]

 

6.1.1. ≤AMD 400,000 [14]

AMD 500

6.1.2. >AMD 400,000

Free

6.2.USD, EUR[15]

Free

6.3.RUB, GBP, CHF and other foreign currencies[16]

3%

 

 

In order to be able to perform transactions you need to have a bank account in AMD with Ameriabank. In case of time deposits opening, purchase of bonds, safe deposit box renting or brokerage account opening, the respective account opening fees will not be applied.

[2] The fee is charged in case the Bank approves establishing business relationships with a client as a result of due diligence. The fee is not charged in case of the “For Students” Package.

[3] The turnover of any bank account of the client (including card accounts) applies to all other accounts (this provision is applicable only in terms of charging the commissions). If the client has an active card only linked to a card account, no commission is charged. If the account is linked to a closed card, the commission is chargeable in accordance with the tariffs. Commissions are charged within two weeks following each calendar half-year.

If there was no activity on the account during the most recent 12 months, the account will be restricted for debiting within two weeks following each calendar quarter.

If there was no activity on the account during the most recent 12 months and the account balance is zero, the account will be closed within two weeks following each calendar half-year. This does not apply to the accounts that are required in the scope of other services provided to the client by the Bank. 

Account maintenance fee shall not be charged (i) from the clients having only brokerage accounts and/or (ii) if a bank account has been opened and is maintained for provision of the safe deposit box service.

[4] The Bank sets currency exchange rates every business day, which remain effective during open hours of the Bank. The Bank is entitled to reject conversion applications received via distance banking systems on non-open hours (before 09.30 a.m. and after 5:00 p.m) and non-business days (including Saturdays).

[5]The fee is charged during two weeks following each calendar halfyear if at the time of fee charging the client has an active Internet/Mobile-Banking system. The fee will become effective starting July 1, 2023.

[6] The following services subject to the limits specified below may be performed via phone banking:

 

N

Operation

Limit per transaction (AMD or foreign currency equivalent, in which case the limit is determined at the CBA exchange rate)

1

Getting voice information about accounts

N/A

2

Setting (agreeing) transaction value and currency for FX transactions

N/A

3

Transfers between client’s accounts with Ameriabank

Up to AMD 10,000,000

4

Transfers between the client’s and other parties’ accounts with Ameriabank

Up to AMD 10,000,000

5

Non-cash FX transactions

Up to AMD 10,000,000

6

Transfers to other Armenian banks if the client has previously made the same transfer with the same banking details

Up to AMD 5,000,000

6.1

Transfers to other Armenian banks if the client makes the transfer for the first time

Up to AMD 3,000,000

7

International transfers

Max AMD 2,000,000 daily

8

Utility payments

Up to AMD 1,000,000

9

Fast money transfers

N/a

 

[7] The fee is not charged for provision of home loan statements (i.e. loans for purchase/renovation/construction of residential real estate).

[8] The fee is not charged for provision of home loan statements (i.e. loans for purchase/renovation/construction of residential real estate).

[9]The template contains information about turnover with respect to the service and the balance. The Bank has templates for account, card, savings account, deposit, securities (when the Bank acts as a custodian of the customer’s securities) references.

[10] The requests for references should be submitted at least one banking day in advance.

[11] The fee is charged for the month when the statement was received, until the last business day of the month following such month.

[12]The delivery is provided by regular mail.

[13] Depositing of cash to the accounts of payment and settlement organizations is subject to a fee of 0.3% of the amount being deposited, irrespective of the amount, or AMD 5,000, whichever is greater.

[14]  No commission for cash deposit in the following cases:

  • Account top-up to pay commissions
  • Account top-up along with other transactions handled by the teller (including payments to government and/or local authorities of Armenia, including notary offices, service agencies of state committee of real estate cadaster and other government bodies)

[15] 2% fee shall be applied for depositing EUR 500 notes into the account. EUR 500 notes are accepted only  the head office.

[16]No commission for account crediting in case of making time deposits. If the deposit is terminated early within the first 30 days after the deposit start date, a fee will be charged at the rate applicable to cash deposits as of that date.

 

In order to be able to perform transactions you need to have a bank account in AMD with Ameriabank. In case of time deposits opening, purchase of bonds, safe deposit box renting or brokerage account opening, the respective account opening fees will not be applied.

[2] The fee is charged only for the first AMD account opening.

[3] The turnover of any bank account of the client (including card accounts) applies to all other accounts (this provision is applicable only in terms of charging the commissions). If the client has an active card only linked to a card account, no commission is charged. If the account is linked to a closed card, the commission is chargeable in accordance with the tariffs. Commissions are charged within two weeks following each calendar half-year.

If there was no activity on the account during the most recent 12 months, the account will be restricted for debiting within two weeks following each calendar quarter.

If there was no activity on the account during the most recent 12 months and the account balance is zero, the account will be closed within two weeks following each calendar half-year. This does not apply to the accounts that are required in the scope of other services provided to the client by the Bank. 

Account maintenance fee shall not be charged (i) from the clients having only brokerage accounts and/or (ii) if a bank account has been opened and is maintained for provision of the safe deposit box service.

[4] The Bank sets currency exchange rates every business day, which remain effective during open hours of the Bank. The Bank is entitled to reject conversion applications received via distance banking systems on non-open hours (before 09.30 a.m. and after 5:00 p.m) and non-business days (including Saturdays).

[5] The fee is not charged for provision of home loan statements (i.e. loans for purchase/renovation/construction of residential real estate).

[6]Requests for references should be submitted at least one banking day in advance.

[7] The fee is charged for the month when the statement was received, until the last business day of the month following such month.

[8]The delivery is provided by regular mail.

[9]  No commission for cash deposit in the following cases:

  • Account top-up to pay commissions
  • Account top-up along with other transactions handled by the teller (including payments to government and/or local authorities of Armenia, including notary offices, service agencies of state committee of real estate cadaster and other government bodies)

[10] 1% fee shall be applied for depositing EUR 500 notes into the account. EUR 500 notes are accepted only  the head office.

[11]No commission for account crediting in case of making time deposits. If the deposit is terminated early within the first 30 days after the deposit start date, a fee will be charged at the rate applicable to cash deposits as of that date.

Cash is provided to you on the basis of your application in accordance with the schedule below:

Branch office

Cash withdrawal

without submitting application in advance

Cash withdrawal

based on application submitted in advance

Amount requested

(to be provided during the same operational day when the application was submitted)

Amount requested

Timing for provision of cash if the application was submitted before 1:00 p.m.

Timing for provision of cash if the application was submitted after 1:00 p.m.

Kamar Branch/

Head Office

Up to AMD 30 million,

 USD 50,000,

EUR 30,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Over AMD 30 million

 USD 50,000, EUR 30,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Within up to 3 operational day

Within up to 4 operational days

Yerevan-based branch offices, other than Kamar

Up to AMD 20 million

 USD 25,000

EUR 15,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Over AMD 20 million

USD 25,000, EUR 15,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Within up to 3 operational day

Within up to 4 operational days

Branch offices outside Yerevan

Up to AMD 10 million,

 USD 10,000

EUR 10,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Over AMD 10 million

USD 10,000, EUR 10,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Within up to 5 operational days

The Bank accepts and processes payment orders submitted in paper form or via distant banking solutions as per the schedule below, provided that there are sufficient funds on the account to make the transfer.

Payment orders submitted in paper form

Payment orders submitted via Bank-Client/Internet-Bank/Mobile Banking

Payment orders through phone banking (except transfers within Ameriabank accounts)

Acceptance

Transfer

Acceptance

Transfer

Acceptance

Transfer

Acceptance

 Transfer

AMD

Before 1:00 p.m

Same banking day

After 1:00 p.m

Next banking day

Before 2:00 p.m

Same banking day

After 2:00 p.m

Next banking day

USD

Before 4:00 p.m

Same banking day

After 4:00 p.m

Next banking day

Before 5:00 p.m

Same banking day

After 5:00 p.m

Next banking day

Other foreign currencies

Before 3:00 p.m

Same banking day

After 3:00 p.m

Next banking day

Before 4:00 p.m

Same banking day

After 4:00 p.m

Next banking day

The Bank will charge AMD 10,000 for each same-day transfer in the amount of up to AMD 50 million, if the payment order is submitted in paper from 1:00 p.m. to 3:00 p.m. (2:00 p.m. to 3:15 p.m. in case of electronic payment orders).

Transfer is executed in USD, and the amount is credited to the recipient’s account in the currency indicated by the client.

AMD

USD

EUR

RUB

Minimum account balance: AMD 200,000

Annual nominal interest rate: 3.5%

Annual percentage yield: 3.56%

Annual nominal interest rate in case actual account balance is lower than the specified minimum balance: 0.1%

Annual percentage yield in case actual account balance is lower than the specified minimum balance: 0.1%

Minimum account balance: USD 500

Annual nominal interest rate: 0.5%

Annual percentage yield: 0.5%

Annual nominal interest rate in case actual account balance is lower than the specified minimum balance: 0.1%

Annual percentage yield in case actual account balance is lower than the specified minimum balance: 0.1%

Minimum account balance: EUR 300

Annual nominal interest rate: 0.1%

Annual percentage yield: 0.1%

Annual nominal interest rate in case actual account balance is lower than the specified minimum balance: 0.1%

Annual percentage yield in case actual account balance is lower than the specified minimum balance: 0.1%

Minimum account balance: RUB 15,000

Annual nominal interest rate: 1.0%

Annual percentage yield: 1.0%

Annual nominal interest rate in case actual account balance is lower than the specified minimum balance: 0.1%

Annual percentage yield in case actual account balance is lower than the specified minimum balance: 0.1%

 The interest is accrued to the deposit amount at the nominal interest rate. The annual percentage yield shows the income you can earn if you make the mandatory deposit payments and receive the accrued interest with the selected frequency.

nterest is accrued for the calendar days within the period starting on the day the amount is credited to the savings account until the day preceding the day when the amount is returned to the client or is withdrawn from the client’s account for another reason.

Interest on saving accounts will be accrued daily to the balance available by close of the day and paid out at the end of each calendar month being added to the account balance. Accrued interest will be paid in the account currency.

The Bank calculates interest using 365 as the denominator.

The Bank may unilaterally change the interest rate defined for the savings account under Savings Account Opening Application-Agreement by giving at least 15-day prior notice to the clients.

The interest credited to the savings account is taxable at 10% pursuant to the tax legislation of Republic of Armenia.

We will provide you account statements through communication channels and at frequency agreed between you and us and/or in accordance with the Armenian laws and regulations. YOU HAVE THE RIGHT TO COMMUNICATE WITH THE BANK VIA THE CHANNEL YOU PREFER: BY REGULAR POST OR EMAIL. EMAIL IS THE MOST CONVENIENT WAY TO GET INFORMATION. IT’S AVAILABLE 24/7, FREE FROM RISK OF LOSS OF INFORMATION STORED ON PAPER AND IS MORE CONFIDENTIAL.


* ATTENTION! “YOUR FINANCIAL DATABASE” IS AN ELECTRONIC SYSTEM AIMED AT FACILITATING SEARCHING AND COMPARISON OF THE SERVICES OFFERED TO INDIVIDUALS AND MAKING THE CHOICE EASIER FOR YOU.

For more details about accounts please click  here.

Smart account

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Open an online account and get free-of-charge Visa Classic or MasterCard Standard card and MyAmeria Online/Mobile Banking

Payment cards

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Order Ameria payment cards and get a number of benefits.

MyAmeria online/mobile banking

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MyAmeria makes it possible to perform the key banking operations on iOS, Android and Web platforms without visiting the bank.

Last updated on 15.04.2022, 10:42