Commissions

Customer segment

RA resident and non-resident Bank customer-individuals having at least another current or card account in the Bank.

Account currency[1]

Armenian drams

US dollars

Euros

Interest rate accrued on the account balance [2]

Armenian drams

Interest-bearing balance

Nominal interest rate per annum

Annual percentage yield

From AMD 50,000 to AMD 1,000,000 (inclusive)

3%

3.03%

Above AMD 1,000,000 up to AMD 3,000,000 (inclusive)

4%

4.06%

Above AMD 3,000,000 up to AMD 15,000,000 (inclusive)

5%

5.09%

US dollars

From USD 100 up to USD 3,000 (inclusive)

0.5%

0.50%

Above USD 3,000 up to USD 10,000 (inclusive)

0.75%

0.75%

Above USD 10,000 up to USD 40,000 (inclusive)

1%

1.00%

Euros

From Euro 100 up to Euro 40,000 (inclusive)

0.2%

0.20%

Interest calculation method

• The annual nominal interest rate for the day in question will be determined taking into account the savings account balance as of the end of the day, according to the set interest rate intervals.
• The interest rate set for the account balance will apply to the whole amount in the account, rather than to different parts thereof.
• If the account balance exceeds the maximum limit set for interest calculation in a given currency, the maximum annual nominal interest rate set for that currency will apply to the amount within the set limit, while a zero-interest rate will apply to the amount exceeding that limit.
• If, as of the end of the day in question, the balance on the savings account is less than AMD 50,000, USD 100, or EUR 100 respectively, a zero-interest rate will apply to the account balance.
• In case of having more than one savings account in the same currency, the annual nominal interest rate for each savings account will be determined separately—based on the balance of that account as at the end of the day, without summing up the balances of other savings accounts in the same currency.
• Interest will be accrued on  a daily basis: the interest rate for each day will be calculated as 1/365 of the annual nominal interest rate, and as 1/366 for a leap year.
• The Bank shall have the right to unilaterally change the annual nominal interest rates outlined in these Terms and Conditions, provided that the Customer is notified via the agreed communication channel at least 15 days prior to effectiveness of such changes.

Interest payment

• Accrued interest will be paid at the end of each quarter, on the 1st day of the month following that quarter in the currency of the account, regardless of whether the savings account was closed during the previous quarter.
• Interest will be paid in a non-cash manner by adding it to the relevant savings account.
• If the savings account remains open until the end of the relevant quarter, interest will be paid for the days in the quarter (regardless of their total number) when the balance met the eligibility criteria.

One-time fee for opening an account [3][4][5]

Free of charge

Transfers from a savings account to customer’s other accounts at Evocabank OJSC

Free of charge

Minimum amount for opening/topping up an account

N/A

Minimum amount of account transactions.

N/A

Account closing

Free of charge

Minimum account balance

N/A

Issuance of account statements and certificates

According to the Bank's Fees and Rates 

Types of account transactions and restrictions

Adding funds to account

Non-cash – transfers only from customer’s other current or card accounts with Evocabank OJSC

Withdrawal of funds from account

Non-cash: transfers only to customer’s other current or card accounts with Evocabank OJSC