Deposit “Classic”
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Intended purpose: For legal entities and individual entrepreneurs
AMD USD EUR RUB 100,000 - 100,000,000* 1000 - 300,000* 1000 - 300,000* 20,000 - 20,000,000* -
Interest payment procedure: monthly – to card/bank account
Interest payment procedure: at the end of the term -
Interest payment procedure: monthly – to card/bank account days AMD USD EUR RUB 30 - 90 5.25% - - - 91 - 180 6% 0.25% - 0.5% 181 - 365 7.25% 2.5% - 0.5% 366 - 549 9.25% 3.55% 1.6% 3.5% 550 - 730 9.4% 4.0% 2.25% 4.5% Interest payment procedure: at the end of the term days AMD USD EUR RUB 30 - 90 5.5% - - - 91 - 180 6.5% 0.25% - 1.5% 181 - 365 7.5% 2.75% - 1.5% 366 - 549 9.5% 3.75% 2% 4% 550 - 730 9.7% 4.25% 2.5% 5% -
Interest payment procedure: monthly – to card/bank account days AMD USD EUR RUB 30 - 90 5.38% - - - 91 - 180 6.17% 0.25% - 0.5% 181 - 365 7.5% 2.53% - 0.5% 366 - 549 9.65% 3.61% 1.61% 3.56% 550 - 730 9.82% 4.07% 2.27% 4.59% Interest payment procedure: at the end of the term days AMD USD EUR RUB 30 - 90 5.62% - 5.64% - - - 91 - 180 6.61% - 6.66% 0.25% - 1.51% 181 - 365 7.5% - 7.64% 2.75% - 2.77% - 1.50% - 1.51% 366 - 549 9.29% - 9.50% 3.72% - 3.75% 2% 3.96% - 4% 550 - 730 9.27% - 9.48% 4.16% - 4.21% 2.48% 4.88% - 4.94% -
* For deposits exceeding the maximum amount, the interest rate is determined on a contractual basis.
The deposit is intended for individuals – residents and non-residents .
The interest payment procedure is determined at the depositor’s discretion: at the end of the term or monthly , to the depositor’s bank account or card .
Interest is not capitalized.
Legal entities who open a deposit in the amount of at least AMD 1 million will receive a Visa Business card free of charge.
Tariffs and penalties
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1. Term deposit accounts are serviced through bank accounts. If the client does not already have an account with Unibank OJSC, the Bank will open an AMD account for those making term deposits in AMD. For term deposits in foreign currency, the client can choose either a foreign currency account or an AMD account.
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2. The annual service fee for each account of resident and non-resident legal entity deposit clients is 5,000 (five thousand) AMD and 20,000 (twenty thousand) AMD respectively, while in the case of ruble accounts the service is free of charge, and for foreign currency accounts of resident legal entities the fee is 1,000 (one thousand) AMD. Deposit account statements are provided free of charge. The fee for issuing a certificate is 2,000 AMD if the client’s accounts have been serviced by the Bank for more than 6 months and 5,000 AMD if the client’s accounts have been serviced for less than 6 months. The Bank has the right to unilaterally close the client’s bank account if the client has not ensured the service fees established by the Bank’s tariffs, has not maintained the non-reducible balance, and/or has not carried out transactions for more than 1 year.
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3. Interest accrued on the deposit is subject to income tax in accordance with the legislation of the Republic of Armenia, at a rate of 10%. The depositor receives the interest amount after taxation. This provision does not apply to legal entities.
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4. In the event of early termination of the deposit agreement at the depositor’s request:
a. The interest already paid shall be deducted from the deposit amount.
b. Interest shall be recalculated for the actual period during which the deposit was held with the Bank, at the annual interest rate applicable to demand deposits established by the Bank, which is 0.1% for deposits in Armenian drams (AMD), US dollars (USD), euros (EUR), and Russian rubles (RUB).
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5. The term of the bank deposit agreement is extended as specified in the agreement. If the depositor does not request payment of the deposit after the term expires, the agreement will either be extended under the terms outlined in the agreement, at the interest rate in effect at the time of extension, or the deposit amount will be transferred to the depositor's bank account, where the terms applicable to bank accounts will apply. The interest rate on the balances of bank accounts for resident and non-resident individuals, both in AMD and foreign currency, is 0% per annum for the actual period the deposit remains with the bank. The bank reserves the right to change the interest rate on bank account balances according to the rates and tariffs approved by the Bank's Board, unless the bank account servicing agreement specifies otherwise.
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6. Funds from third parties may also be deposited into the depositor's account in the depositor's name, with the necessary details about their deposit account provided.
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7. The amount of interest on the Deposit specified in the Bank Deposit Agreement is not subject to unilateral reduction by the Bank during the term of the deposit.
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8. Interest on funds in the deposit account is calculated based on the Nominal Interest Rate.
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9. The annual percentage yield (APY) represents the interest a depositor would earn on a $1,000 deposit over a 365-day period, based on an annual simple interest rate with interest compounded and paid at regular intervals:
ATTENTION: INTEREST AMOUNTS ON THE FUNDS IN YOUR ACCOUNT ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL INTEREST YIELD SHOWS HOW MUCH INCOME YOU WILL RECEIVE AS A RESULT OF MAKING THE MANDATORY PAYMENTS RELATED TO THE DEPOSIT AND RECEIVING THE INTEREST AMOUNTS EARNED AT A DEFINED PERIOD. SEE BELOW FOR THE CALCULATION PROCEDURE FOR ANNUAL INTEREST YIELD
Information on interest rates
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1. Annual simple interest rate - the annual interest rate set by the deposit agreement, based on which the bank calculates the interest payable to the depositor.:
The formula for calculating interest paid under this type of deposit agreement:
DA * I/ 365 * Days – 10% (income tax) /income tax is not charged for legal entities/, whereDA – Deposit Amount
I – Annual simple interest
Days –The number of days for the deposit is calculated based on Article 907, paragraph 1 of the Civil Code of the Republic of Armenia. According to this, interest on the deposit amount is calculated for the calendar days from the date the bank receives the deposit until the day before it is returned to the depositor or withdrawn for any other reason."Example 1
Maturity period - 366 days
Deposit Amount - 1000 USD
Annual simple interest 4.25%
1000 * 4.25 /100 / 366 * 365 -10% = 38.25 USD2. Annual percentage yield (APY)` 1. shows how much the annual interest rate on the deposit will be as a result of the customer making mandatory payments related to the deposit and adding the interest received to the principal amount (capitalization).
,where
A - initial deposit amount,
n- serial number of cash flows on the deposit,
N- is the last number of cash flows for the deposit (including the cash flow at the time of deposit placement), after which the term of the deposit agreement is considered to have ended,
Kn - flows of the deposited amount and/or capitalized interest at the time of deposit placement and/or during the term of the deposit, as well as mandatory payment flows, if any,
Dn - is the number that shows how many days have passed from the date of deposit placement until the next (nth) cash flow made against the deposit, inclusive.In the case when the cash flow is at the time of deposit placement: D 1=0.
APY- is the annual percentage yield.
Let's assume a deposit is offered with the following terms:
a. Deposit amount: 1000 USD
b. Maturity period: 366 days, 1 year
c. Annual simple interest: 4.25%
d. Interest payments at the end of the deposit term
e. Mandatory payments made by the depositor on the day of receiving the deposit:Mandatory deposit account maintenance fee: 1200 AMD /2.5 USD/ per year
The interest paid at the end of the term of the deposit agreement will be
1000 * 0.0425 =42,5 USD
n=1 , n=2
D1=0 , D2=366
K1=-2.5 , K2= 1042,5
3. Possible calculation of annual interest rate on deposits with regular interest payments
APY= (1+r/n)n- 1, where
APY-Annual percentage yield
n- Compounding Frequency,r = Nominal Interest Rate.
If the frequency of interest payments at the end of the term is n =1, then
APY= (1+0.0425/12)12 -1
APY=0.0425*100 = 4.25 %
Information on the protection of depositor rights
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Disputes and disagreements arising from account servicing or the deposit agreement are resolved by mutual agreement. In case of failure to reach an agreement, the rights of the depositor are subject to protection in court, as well as through the financial system mediator. The depositor may protect their rights personally or through an authorized representative.
The bank does not have the right to condition the conclusion of a deposit agreement on the conclusion of an arbitration agreement.
Other information
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1. The documents required to make a deposit are:
- - passport or identity document,
- - public services number (social card) or a certificate of refusal,
- - Other additional documents upon the Bank’s request.
2. Interest is accrued on the amount of a term deposit from the date the deposit is received by the Bank until the day preceding the date of its return to the depositor or its withdrawal from the Depositor's deposit account on other grounds. Interest is accrued daily.
3. If the deposit repayment date coincides with a holiday and/or weekend, the deposit repayment date is considered the following business day.
4. Compensation of individual entrepreneurs' bank deposits is guaranteed by the Deposit Guarantee Fund. The guaranteed limits of deposits are as follows:
a) if the depositor has only a dram bank deposit in an insolvent bank, the amount of the guaranteed deposit is sixteen million Armenian drams;
b) if the depositor has only a foreign currency bank deposit in an insolvent bank, then the amount of the guaranteed deposit is seven million Armenian drams;
c) if the depositor has dram and foreign currency bank deposits in an insolvent bank, and the amount of the dram bank deposit exceeds seven million Armenian drams, then only the dram deposit is guaranteed, up to sixteen million Armenian drams,
d) if the depositor has dram and foreign currency bank deposits in an insolvent bank, and the amount of his dram bank deposit is less than seven million Armenian drams, then the dram bank deposit is guaranteed in full and the foreign currency bank deposit is guaranteed in the amount of the difference between seven million drams and the compensated dram bank deposit.
5. You can get additional information of interest to you by calling the hotline at (+37410) 59 55 55.
For the purpose of due diligence of the customer as defined by the RA Law "On Combating Money Laundering and Financing of Terrorism", the Bank may request additional documents or other information from the consumer based on the "Know your customer" principle, as well as ask additional questions to the consumer during oral communication.
Call Center: +37410 59 55 55 +37410 71 22 22
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL INSTITUTION IN YOUR PREFERRED WAY: BY POSTAL MAIL OR ELECTRONICALLY. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT OPTION. IT IS AVAILABLE 24/7, ELIMINATES THE RISK OF LOSING PAPER DOCUMENTS, AND ENSURES CONFIDENTIALITY.
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CALCULATOR
The calculations provided are approximate. Please, contact our specialists for more accurate information.
The calculations provided are approximate. Please, contact our specialists for more accurate information.
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#CALCULATOR#
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Information on interest rates
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1. Annual simple interest rate - the annual interest rate set by the deposit agreement, based on which the bank calculates the interest payable to the depositor.:
The formula for calculating interest paid under this type of deposit agreement:
DA * I/ 365 * Days – 10% (income tax) /income tax is not charged for legal entities/, whereDA – Deposit Amount
I – Annual simple interest
Days –The number of days for the deposit is calculated based on Article 907, paragraph 1 of the Civil Code of the Republic of Armenia. According to this, interest on the deposit amount is calculated for the calendar days from the date the bank receives the deposit until the day before it is returned to the depositor or withdrawn for any other reason."Example 1
Maturity period - 366 days
Deposit Amount - 1000 USD
Annual simple interest 4.25%
1000 * 4.25 /100 / 366 * 365 -10% = 38.25 USD2. Annual percentage yield (APY)` 1. shows how much the annual interest rate on the deposit will be as a result of the customer making mandatory payments related to the deposit and adding the interest received to the principal amount (capitalization).
,where
A - initial deposit amount,
n- serial number of cash flows on the deposit,
N- is the last number of cash flows for the deposit (including the cash flow at the time of deposit placement), after which the term of the deposit agreement is considered to have ended,
Kn - flows of the deposited amount and/or capitalized interest at the time of deposit placement and/or during the term of the deposit, as well as mandatory payment flows, if any,
Dn - is the number that shows how many days have passed from the date of deposit placement until the next (nth) cash flow made against the deposit, inclusive.In the case when the cash flow is at the time of deposit placement: D 1=0.
APY- is the annual percentage yield.
Let's assume a deposit is offered with the following terms:
a. Deposit amount: 1000 USD
b. Maturity period: 366 days, 1 year
c. Annual simple interest: 4.25%
d. Interest payments at the end of the deposit term
e. Mandatory payments made by the depositor on the day of receiving the deposit:Mandatory deposit account maintenance fee: 1200 AMD /2.5 USD/ per year
The interest paid at the end of the term of the deposit agreement will be
1000 * 0.0425 =42,5 USD
n=1 , n=2
D1=0 , D2=366
K1=-2.5 , K2= 1042,5
3. Possible calculation of annual interest rate on deposits with regular interest payments
APY= (1+r/n)n- 1, where
APY-Annual percentage yield
n- Compounding Frequency,r = Nominal Interest Rate.
If the frequency of interest payments at the end of the term is n =1, then
APY= (1+0.0425/12)12 -1
APY=0.0425*100 = 4.25 %
Information on the protection of depositor rights
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Disputes and disagreements arising from account servicing or the deposit agreement are resolved by mutual agreement. In case of failure to reach an agreement, the rights of the depositor are subject to protection in court, as well as through the financial system mediator. The depositor may protect their rights personally or through an authorized representative.
The bank does not have the right to condition the conclusion of a deposit agreement on the conclusion of an arbitration agreement.
Other information
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1. The documents required to make a deposit are:
- - passport or identity document,
- - public services number (social card) or a certificate of refusal,
- - Other additional documents upon the Bank’s request.
2. Interest is accrued on the amount of a term deposit from the date the deposit is received by the Bank until the day preceding the date of its return to the depositor or its withdrawal from the Depositor's deposit account on other grounds. Interest is accrued daily.
3. If the deposit repayment date coincides with a holiday and/or weekend, the deposit repayment date is considered the following business day.
4. Compensation of individual entrepreneurs' bank deposits is guaranteed by the Deposit Guarantee Fund. The guaranteed limits of deposits are as follows:
a) if the depositor has only a dram bank deposit in an insolvent bank, the amount of the guaranteed deposit is sixteen million Armenian drams;
b) if the depositor has only a foreign currency bank deposit in an insolvent bank, then the amount of the guaranteed deposit is seven million Armenian drams;
c) if the depositor has dram and foreign currency bank deposits in an insolvent bank, and the amount of the dram bank deposit exceeds seven million Armenian drams, then only the dram deposit is guaranteed, up to sixteen million Armenian drams,
d) if the depositor has dram and foreign currency bank deposits in an insolvent bank, and the amount of his dram bank deposit is less than seven million Armenian drams, then the dram bank deposit is guaranteed in full and the foreign currency bank deposit is guaranteed in the amount of the difference between seven million drams and the compensated dram bank deposit.
5. You can get additional information of interest to you by calling the hotline at (+37410) 59 55 55.
For the purpose of due diligence of the customer as defined by the RA Law "On Combating Money Laundering and Financing of Terrorism", the Bank may request additional documents or other information from the consumer based on the "Know your customer" principle, as well as ask additional questions to the consumer during oral communication.
Call Center: +37410 59 55 55 +37410 71 22 22
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL INSTITUTION IN YOUR PREFERRED WAY: BY POSTAL MAIL OR ELECTRONICALLY. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT OPTION. IT IS AVAILABLE 24/7, ELIMINATES THE RISK OF LOSING PAPER DOCUMENTS, AND ENSURES CONFIDENTIALITY.
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