Evocabank is Doubling Your Interest Rate

Individuals having made a deposit at Evocabank during the period of March 2 to May 31 will be entitled to take part in the draw and double their interest rate.

All Classical and EvocaONLINE deposits made at a maximum of AMD 10,000,000 or USD 20,000 during the mentioned period will be eligible for the draw.

By the end of the promo campaign as a result of the draw three winner deposits will be randomly chosen to double their interest rates up to the end of deposit agreement.

This will mean that having made a deposit at Evocabank you can obtain high yields as follows:

• Up to 10.75% for AMD-denominated deposits, while the winner deposits will yield 21.5% per annum* (in case interest is payable annually),
• Up to 5.75% for USD-denominated deposits, while in the winner deposits will yield up to 11.5% per annum** (in case interest is payable annually).

The draw will take place on July 3. Only the actual deposits will be eligible for the draw.

• In case for any reason you would need your money back before the end of the deposit agreement, the Bank will re-calculate the interest on the deposit at high rates:
  • In case the deposit is kept for a period of up to 365 days:
  • 0.5% - for AMD-denominated deposits,
  • 0.1% - for USD-denominated deposits;
  • In case the deposit is kept for a period of up to 366 – 1,095 days:
    • 8.75% - for AMD- denominated deposits,
    • 4.25% - for USD- denominated deposits,

When making a deposit agreement and throughout the entire period of deposit agreement no other fees or commissions will be charged.

Interest paid to the depositor is subject to taxation at 10%. The reimbursement of the deposits made at Evocabank to a certain extent is guaranteed by the Deposit Guarantee Fund.

As a modern and innovative bank, Evocabank is improving its services to comply with highest international standards.

* Annual interest yield - 10.75% - for AMD-denominated deposits, while for winner deposits the interest rate is equal to 21.5%,

** Annual interest yield - 5.75% - for USD-denominated deposits, while for winner deposits the interest rate is equal to 11․5%.