Savings account
Նախորդ տարբերակին անցում կատարելու համար սեղմել   այստեղ

Savings account

Save and live your dreams!

There are some dreams and purposes in life that are just a step away. A savings account with Ameriabank is the shortest way to cover this step. Save with us and feel the benefits of flexible account management options. You can make your saving, earn interest, add or withdraw sums any time you like, and use the funds on your savings account freely.

3.56% percentage yield

Annual percentage yield for AMD accounts

Term

31 - 1825 days

Flexibility

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

Accounts management without visiting the Bank

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

Learn more

Instant transfers between your accounts

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

Joint account

A joint savings account is a perfect solution to save together and achieve your common goals. Both you and your partner can perform operations via joint account.

Savings in the currency you prefer

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

Ready to open an account?

FAQ

What documents do I need to open a savings account?

If you already are 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 go to a branch office, you will need a personal identification document and PPSN or a reference on 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 Physical Entities, any funds available on settlement, current, time, savings or other accounts with a bank are considered a bank deposit. 

Maximum guarantee coverage for deposits in Armenian drams is AMD 16 million, for deposits in foreign currency – AMD 7 million. For deposits both in AMD and foreign currency where the AMD-denominated deposit exceeds AMD 7 million, the guarantee coverage is up to AMD 16 million for AMD-denominated amount only. Max guarantee payment is AMD 16 million. For deposits both in AMD and foreign currency where the AMD-denominated amount is less than 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. Max guarantee payment is AMD 7 million. 

 If you have several deposits in AMD with any given bank, they are treated as one deposit in AMD, and likewise, if you have several deposits in foreign currency, they are treated as one deposit in foreign currency.

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

No minimum deposit on savings accounts is required. However, actual account balance can affect your interest rate. If your balance is lower than the specified limit – AMD 200,000, USD 500, EUR 300 or RUB 15,000, your annual interest rate will be 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 get your amount back any time. However, note that depending on the deposit type the interest will be recalculated at a different interest rate.

 If you wish to withdraw the funds in cash, you should file a respective application with the head office one day before the preferred day of cash withdrawal, if the amount requested is over AMD 30 million, USD 100,000 and EUR 30,000, or AMD 1 million equivalent in case of other currencies. 

 The following cash withdrawal limits are applied in case of cash withdrawal in Yerevan-based branches of Ameriabank: AMD 20 million, USD 25,000 and EUR 15,000, while for the branches outside Yerevan the following limits apply: AMD 10 million, USD 20,000 and EUR 10,000. If you want to withdraw money at the bank's regional branches, any amount exceeding the specified limits may be provided in cash within up to 5 business days upon submission of withdrawal request by you. 

The bank must 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 application and will return the remaining deposit amount. In this case, we will pay interest at a 0.1% annual interest rate instead of the rate 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 deposit after deduction of interest calculated at 0.1% annual interest rate. This condition is applicable unless otherwise defined by deposit terms and/or deposit agreement.

For more details about accounts please click here.

Հաշիվների մասին ամբողջական տեղեկությանը ծանոթացիր այստեղ

How to apply

Account + service package

Package includes one account in Armenian drams and one account in a foreign currency, Internet/Mobile Banking (with Ameria Token), and one VISA Classic or MasterCard Standard card without annual service fee. [14]

AMD 3,000

Opening Smart accounts online with service package (package includes one account in Armenian drams, Internet/Mobile Banking (with Ameria Token), and one VISA Classic or MasterCard Standard card)

Free

Account opening fee [15]

Accounts in AMD

 

For Armenian citizens

Free

For non-citizens

AMD 5,000

Accounts in foreign currency

 

At Yerevan-based branches

AMD 1,000 per account

At branches outside Yerevan

AMD 500 per account

Minimum account balance [16]

N/A

Account management [17]

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

Free

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

AMD 1,000 per calendar half-year

Cash withdrawal

From funds credited to client’s account in cash

Free

From funds credited to client’s account through wire transfer

 

AMD

 

At Yerevan-based branches

0.2%, min AMD 500

At branches outside Yerevan

0.1%, min AMD 200

RUB

0.3%, min AMD 1,000

Other currencies

0.5%, min AMD 1,000

Provision of statements [16]

Free

[14] Package is available only for Armenian citizens. If the client refuses to use one or several services in the package, the price of the package remains the same. Services not included in the package are chargeable at the rates applicable to each particular service. 

If you already are an Ameriabank client, the package is applicable to you if you do not use any of the services included in the package.

[15] No account opening fees in case of time deposits or brokerage account opening. Opening an AMD account is required for any kind of banking transactions.

[16] 0% annual interest for credit balance on account.

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

Where there is no activity on all accounts during the most recent 12 months, the account is restricted for debiting (this is done within two weeks following each calendar quarter for accounts qualifying for restriction at that time) and an account data update is required. Where there is no activity on all accounts during the most recent 12 months and account balances are zero, accounts are closed (this is done within two weeks following each calendar half-year for accounts qualifying for closing at that time).

No account management fee is charged from clients having brokerage accounts. 

[18] The Bank provides account statements in the manner defined under applicable laws of Armenia. Statements can be delivered in person within the Bank premises, sent by post, email, Bank-Client or Internet-Bank.

6. Account crediting in cash

 

6.1 AMD

 

6.1.1 Up to and including AMD 50,000 [5]

AMD 500

6.1.2 Above AMD 50,000

Free

6.2 USD, EUR

Free

6.3 RUB, GBP, CHF and other foreign currencies [6]

As per the rates prevailing in the Bank on that day

7.Cash withdrawal

 

7.1 From funds credited to client’s account in cash

Free

7.2 From funds credited to client’s account through wire transfer

 

7.2.1 AMD

 

7.2.1.1 At Yerevan-based branches

0.2%, min AMD 500

7.2.1.2 At branches outside Yerevan

0.1%, min AMD 200

7.2.2 RUB

0.3%, min AMD 1,000

7.2.3 Other currencies

0.5%, min AMD 1,000

8.Distance banking fees [7]

 

8.1 Via Internet/Mobile Banking with access to view account activity and statements and execute transactions

 

8.1.1 With a token generating one-time passwords

Lump-sum fee of AMD 3,000 (including one token generating one-time passwords to log into system and authorize transactions)

8.1.2 With Ameria Token

Lump sum fee of AMD 1,000 (including one code for Ameria Token application to log into system and authorize transactions)

8.1.3 Provision of token/Ameria Token (in case of loss or damage), change of existing token

AMD 1,000, VAT included

8.2 Via Phone banking

Lump sum fee of AMD 5,000

9.Provision of statements, information and copies of documents

 

9.1 Provision of up to 1 year-old account statements, copies of account statements or other documents kept in electronic form

Free

9.2 Provision of more than 1 year-old account statements or copies of account statements or provision of other documents kept in electronic form

AMD 5,000, VAT included, per annual statement per account

9.3 Provision of references

 

9.3.1 To holders of 3 and more months old accounts

AMD 3,000, VAT included

9.3.2 To holders of less than 3 months old accounts

AMD 5,000, VAT included

9.3.3 If ordered via Internet/Mobile Banking or Ameriabank website [8]

AMD 1,000, VAT included

9.4 Delivery of account statement

 

9.4.1 By email/span>

Free

9.4.2 By post within Armenia

Free

9.4.3 By post outside Armenia

As per postal service bills

10.Remittances [9] in AMD

 

10.1 Within Ameriabank accounts

Free

10.2 To Armenia-based banks

 

10.2.1 For account holders [10]

Free

10.2.2 For non-account holders at Yerevan-based branches

0.1%, minimum AMD 1,000

10.2.3 For non-account holders at branches outside Yerevan

0.1%, minimum AMD 500

10.3 Transfers to payment and settlement organizations on behalf of account holders

0.5% of transferred amount

11.Remittances in foreign currency

 

11.1 Within Ameriabank accounts

Free

11.2 In RUB

 

11.2.1 Costs of all correspondent and intermediary banks charged to the amount of remittance

AMD 3,000

11.2.2 Costs of all correspondent and intermediary banks borne by Ameriabank

0.1%, min AMD 3,000, max AMD 30,000

11.3 In USD, EUR

 

11.3.1 Costs of all correspondent and intermediary banks charged to the amount of remittance

0.1%, min AMD 5,000, max AMD 12,000

11.3.2 Costs of correspondent banks borne by Ameriabank, costs of other intermediary banks, if any, charged to the amount of remittance

 

11.3.2.1 If the payment order is submitted in paper form

0.15%, min AMD 7,500, max AMD 50,000

11.3.2.2 If the payment order is submitted via Internet/Mobile Banking

0.1%, min AMD 6,000, max AMD 50,000

11.4 Costs of all correspondent and intermediary banks borne by Ameriabank

Commission specified in point 1.6.2 + AMD 10,000

11.5 In other foreign currencies quoted by the Bank

 

11.5.1 Costs of all correspondent and intermediary banks charged to the amount of remittance

0.1%, min AMD 5,000, max AMD 12,000

11.5.2 Costs of correspondent banks borne by Ameriabank, costs of other intermediary banks, if any, paid by client

 

11.5.2.1 If the payment order is submitted in paper form

0.15%, min AMD 12,000, max AMD 50,000

11.5.2.2 If the payment order is submitted via Internet/Mobile Banking

0.1%, min AMD 10,000, max AMD 50,000

11.6 Transfers in currencies not quoted by the Bank [11]

0.2%, min AMD 20,000, max AMD 100,000

11.7 Transfer of money to Ameriabank client accounts from ARCA, VISA or MasterCard cards [12]

2%

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

  • Account top-up to pay commissions
  • Account top-up to make payments to government and local authorities of Armenia, including notary offices, service agencies of state committee of real estate cadaster and other government bodies
  • Cash deposit as part of other operations handled by teller

[6] No commission for account crediting in case of making time deposits. In case of early termination of deposit within 30 days after deposit start date a fee is charged in the amount of the applicable rate for account crediting in cash as of actual deposit repayment day.

[7] The Bank defines 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).

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

[9] 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 execute the transfer.

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 100,000,

EUR 30,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Over AMD 30 million

 USD 100,000, EUR 30,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Within up to 1 operational day

Within up to 2 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 1 operational day

Within up to 2 operational days

Branch offices outside Yerevan

Up to AMD 10 million,

 USD 20,000

EUR 10,000

or AMD 1 million equivalent in other currency

(in case of other currencies)

Over AMD 10 million

USD 20,000, 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.

Last updated on 28.09.2021, 10:42