ARARATBANK OFFERS NEW PACKAGE OF TIME DEPOSITS

ArmInfo
2009-10-23 17:17:00

ArmInfo. ARARATBANK offers a new package of time deposits.

The press service of the bank reports that the maximum interest
for AMD deposits is 11%, for USD deposits – 9. The interest rate of
45-90-day AMD deposits is 7.5%, USD deposits – 2.5%; 91-180-day AMD
deposits – 8.5%, USD despots – 4.5%. 181-270-day AMD and USD deposits
have respective interest rates of 9% and 6%.

The interest on 271-365-day AMD deposits is 10.5%, USD deposits –
8%, 366-546-day AMD and USD deposits – 11% and 9%, respectively. The
interest rates of AMD and USD deposits attracted for 546 and more
days or worth more than 20mln are subject to agreement. The interest
can be paid monthly, quarterly or upon the expiry of the contract at
the will of the client.

According to ArmInfo’s Ranking of Commercial Banks of Armenia, July
1 2009 the amount of ARARATBANK’s time deposits totalled 5.3bln AMD.