Saturday, November 26 2011 17:04

ARARATBANK introduces ARARAT Business deposit for legal entities


ArmInfo. ARARATBANK has introduced an ARARAT Business deposit for legal entities for a period ranging from 31 days to 3 years at the interest rate of up to 11.5% p.a.

The press service of ARARATBANK told ArmInfo that the minimum amount of the deposit is 400 thsd AMD or the same amount in the USD equivalent. In case of opening a deposit account exceeding 20 mln AMD or 50 thsd USD, the annual interest rate is increased by 0.5%.

According to the source, the given product implies not only replenishment to a twofold sum of the initial amount of the deposit, but also withdrawal of up to 20% of the initial amount with maintenance of the interest added over the given period. At the wish of the depositor, the interest payments can be made either monthly or quarterly, or at the end of the deposit period. The payments can also be capitalized by being added to the main amount of the deposit. The depositor may also receive a MasterCard Business card with waiver of the term requiring a minimum balance.
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31.10.2025
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GBP502.42-1.81
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JPY24.83-0.03
CNY53.79-0.02
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