Armenian Development Bank offers individuals and legal entities the following types of time deposits: "Multicurrency", "Usual", "Saving", "Universal", "Child's", "Discount". Deposits are accepted in AMD, USD and EURO.

The advantages of placing deposits in Armenian Development Bank are as follows:                

• high interest rates
• an opportunity of monthly payment of deposits
• individual and quick service
• a possibility of getting back a deposit without loss of interest
• an opportunity to convert a deposit from a currency into another
• a chance to get a type of ArCa Classic, ArCa Gold and international Cirrus Maestro, MasterCard Standard, MasterCard Gold cards depending on the amount of deposit.  

Attention:

• the Bank pays calculated interests for deposits on the day mentioned in the contract in AMD, in cash or not in cash.
• in case of 35 000 000, 100 000 USD, 100 000 Euro and larger sums as well as for terms longer than 24 months the interest is conventional.
• deposits are guaranteed in the Bank according to the RA law on "Guarantee of banking deposits' remuneration of physical persons". Guaranteed limits of deposits are the following:

a) only in case of a deposit in AMD - 4 mln AMD

b) only in case of a deposit in foreign currency - 2 mln AMD   

c) in case of deposits both in AMD (more than 2 mln) and in foreign currency - up to 4 mln AMD

d) in case of deposits both in AMD (less than 2 mln) and in foreign currency - deposit in AMD entirely and deposit in foreign currency up to 2 mln AMD.

In case of any decrease (early, partial or complete annulling of a contract) in deposit amount claimed by a depositor, the Bank does recalculation: interest is calculated and paid for actual days of deposit account of reducing money at interest rate defined for general delivery deposit*. As a result of recalculation the extra interests paid to a customer are charged at the time of recounting. In case of complete annulling of a contract payment of recalculated interest is done at the time of annulling, and in case of partial cancellation - the following payment day of interest as defined by the contract.

*Interest rates of demand deposit are defined 5-7% annually for deposits in AMD, 3-4% annually for deposits in USD and Euro.  

• Investing a deposit of 20 mln and more AMD or in foreign currency of equivalent amount, You will get MasterCard Gold prestigious international card that will underline Your status and enable to conduct transaction in cash or non-cash in all over the world
• Investing a deposit of 10 mln and more AMD or in foreign currency of equivalent amount, You will get MasterCard Standard international or ArCa Gold local payment cards
• Investing a deposit of 2 mln and more AMD or in foreign currency of equivalent amount, You will get Cirrus Maestro international or ArCa Classic local payment cards.   

NOTICE: On terms and procedure of deposits' remuneration guarantee