Classical deposit

For you cheerful future we offer you to increase your savings by investing in Classical deposit with a stable and high yield.

Classical deposit
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Placed amount thresholds by currency

Annual interest rate by terms

91 - 180 days

181 - 365 days

366 -545 days

546 - 730 days

731 - 1095 days

AMD 200,000 - 25,000,000

6 %

8 %

9.5 %

10 %

10.5 %

USD 500 - 50,000

2 %

3 %

4.5 %

4.5  %

5.5 %

EUR 500 - 40,000

1 %

1.5 %

2 %

2.5 %

3 %

RUB 30,000 - 3,000,000

5 %

5.5 %

6 %

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  1. The deposit is accepted from physical individuals as well as legal entities both in the Bank and through "EvocaTouch" or "EvocaOnline" remote control systems.
  2. In case of regular interest payment (monthly, quarterly, semi-annual, annual) for deposits in AMD an interest rate of 0.5% lower than the above mentioned scale is defined, whereas for deposits in USD, EUR and RUB interest rate of 0.25% lower than the above mentioned scale is defined.
  3. The Depositor can replenish the deposit amount starting from minimum AMD 200,000, USD 500, EUR 500 and RUB 30,000.

In case of placing deposit in AMD with possibility to replenish the amount 0.5% lower interest rate than the above mentioned scale is defined, whereas for deposits in USD, EUR and RUB interest rate of 0.25% lower than the above mentioned scale is defined.  The sum of all the replenishments made cannot exceed the initial deposit placement amount. During the last 3 (three) months of the Deposit agreement no replenishment is allowed.

  1. In case of early termination of the deposit agreement as per Depositor’s request, the Bank recalculates the interest according to the following rates:

Deposit currency

Annual interest rate by term

Up to 365 days

366 - 1095 days

AMD

0.5 %

8.5 %

USD

0.1 %

3.5 %

EUR

0.1 %

1.5 %

RUB

0.1 %

5 %

  1. Partial reduction of the deposit amount is not allowed.

Additional terms

  1. As per Customer’s request, the Bank can provide payment card without annual service fee.
  2. The types of the suggested payment cards according to the amount of the placed deposit can be found below:

Deposit currency/

card type

MasterCard Standard/ Visa Classic

MasterCard Gold/Visa Gold

VISA Infinite

AMD

500,000 – 25,000,000

25,000,001 –50,000,000

50,000,001 and above

USD

1,000 – 50,000

50,001 – 100,000

100,001 and above

EUR

1,000 – 40,000

40,001 –  100,000

100,001 and above

RUB

60,000 – 3,000,000

3,000,001 – 7,000,000

7,000,001 and above

In case of expiration of the deposit or early termination of the Deposit Agreement by the depositor, the service of the payment card provided for the deposit shall continue to be serviced without charging the annual service fee until the expiration of the payment card, except for Visa Infinite payment cards. In case of early termination or expiration of the Deposit Agreement by Visa Infinite payment card holders, the Visa Infiite payment card provided for the Deposit is closed or, if the customer wants, operates in accordance with the current rates and rates of the Bank.

Scheme of placing and returning deposits in Russian rubles:

  • Cash or non-cash funds denominated in Russian rubles will be returned in the manner of their initial placement (in cash and non-cash manner respectively), no fees will be charged for it;
  • In case a non-cash deposit in rubles is returned in cash, the bank will charge a fee for cashing out rubles according to the rate set as of the deposit withdrawal date;
  • In case a cash deposit in rubles is returned in non-cash manner, the bank will charge a cash entry fee set as of the deposit withdrawal date.

Attention:

  • Contractual relations between the bank and customers are regulated by TERMS AND CONDITIONS OF COMPLEX BANKING SERVICES, which are a public offering and considered as accepted once a duly filled out and signed bank service application is submitted by the customer personally or online. Terms and Conditions of Complex Banking Services can be found here.
  • Under the RA law On Withholding Tax, the interest paid by the bank to an individual depositor (resident and non-resident) will be subject to taxation at 10% of the gained income.
  • No other fees will be charged when signing a deposit agreement and during its validity. In case of withdrawing a cash deposit placed in non-cash manner, you will be charged with a cash withdrawal fee according to our Tariffs of Cash Operations.
  • Information on annual interest yield can be found in section Important information of Deposits.

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Evocabank is a fast, simple and innovative service bank, distinguished by the active use of the latest information technologies.

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