Accumulative Time Deposits

Terms of the Deposit:



  •  This Deposit account is determined for natural persons and legal entities as well as for private entrepreneurs
  •  The currency - AMD, USD, EUR, RUR
  •  The minimal amount of the Deposit: - 60,000 AMD, 200 USD, 200 EUR or RUR 6,000
  •  Duration of Deposit - 6-24 months
  •  The annual simple interest rate - by AMD - 9.5%, by USD - 4.0%, by EUR - 2.5%, by RUR - 3.5%
  •  The annual interest profitability* - by AMD - 10.24%, by USD - 4.19%, by EUR - 2.62%, by RUR - 3.61% 
  •  The interest income towards the means, available in the customer’s account is being calculated on the basis of nominal interest rate. And the annual interest  profitability shows how much the customer’s income will be, if he puts once more the interest incomes, received for his deposit in the deposit account.
  •  During the action of deposit agreement the interest income, calculated on deposit for each entire month is paid in to the deposit account of the Depositor, nevertheless, the interest income of first six months is paid in at the end of the sixth month.
  •  During mentioned six months a bonus of 0.14% (annually) is calculated on the daily balance available on deposit account during these months and at the end of the sixth month is paid in to the Depositor.
  •  You have the opportunity to increase the Deposit amount during the Deposit effective period.
  •  The money means, received from the third persons also can be entered in the deposit account of the deposit holder, by corresponding necessary notices about his  deposit account.
  •  If you wish, after the end of the action of the agreement of time deposit, the deposit agreement can be lengthened without visiting the Bank, by the same duration and by the interest rate acting for the current year. 
  •  If you have signed the deposit agreement without possibility of lengthening after the end of the date of deposit agreement or after appearing of the conditions, foreseen by the agreement, in the case of not demanding the amount of money of the time deposit, the amount of money is being transferred to your current account by the conditions of deposit that have to be called for if no other thing is being foreseen by the agreement.
  •  The interest income is being calculated daily on the available balance of the account.
  •  The Bank calculates the interest rate on the amount of the Deposit from the next day the Deposit enters the Bank up to the returning of the Deposit to the customer or one day prior to the day the Deposit is withdrawn by other means from the Depositor’s account. 
  •  ACBA - CREDIT AGRICOLE BANK guarantees that the information about Deposit put in the Bank by You is CONFIDENTIAL.
  •  Issue of account statements (including a copy thereof) - free of charge
  •  Issuing copies of documents:

       - for up to three-month limitation period - AMD 1,000 (including VAT)

       - for 3 to 12 months limitation period - AMD 2,000 (including VAT)

       - for 1 to 3 years limitation period - AMD 5,000 (including VAT)

       - for limitation period of 3 years and more - AMD 10,000 (including VAT)

  •  Providing information:

       - response to audit enquiry - AMD 5,000 (including VAT)

       - providing other references - AMD 3,000 (including VAT)

  •  The Bank can not unilaterally decrease the amount of the interest rates of the deposit, decided by the agreement of the Bank deposit, that the customer entered by the condition of receiving it back at the end of the defined period of time, or after the appearance of the conditions, foreseen by the agreement, if no other thing is being foreseen by the Law.
  •  Bank has not determined any tarriffs or other conditions decreasing the annual interest profitability for the present Deposit account.


*The annual interest profitability, in the result of using annual simple interest rate and capitalization of percents and frequency of payment during 365days period of time for 1000 drams.


  • In case of demanding the Deposit ahead of the determined effective period, during 1 banking day (in the case of legal entities – during 3 banking days) the sum of Deposit as well as the unpaid interest income of 1% calculated for the days preceding the cessation of the Deposit will be paid to customer.
  • The interest income, received during the duration of Deposit agreement, is taxable by 10%, in compliance with the RA Legislation in force.
  • The calculated interest income for the currency Deposits is paid in AMD – by the day’s average exchange rate, annonced by the Central Bank of the RA.
  • The Bank has the right to change the amount of interest income paid for call deposits, as well as monetary resources available in the bank accounts, if there is no other contradictory stipulation in the agreement.
  • The disputes and disagreements, arising out of the Deposit agreement are being resolved by means of negotiations.In case of not coming to an agreement in the result of negotiations the disputes and disagreements are resolved by order defined by the Armenian Legislation. 


For example
If You put in ACBA- CREDIT AGRICOLE BANK the Accumulative time deposit, in the sum of AMD 100,000 for 2 years and make additions of money in a sum of AMD 25,000 monthly, by the end of the Deposit duration You will be the owner of AMD 741,389.



Deposit amount 
Monthly payments amount* 
The sum that You will have
in 6 months in 12 months n 24 months
60,000 10,000 113,511 179,571 320,051
100,000 25,000 231,715 394,741 741,389
250,000 50,000 515,494 843,671 1,541,526


In the mentioned example each monthly payments are made starting from the 2nd month.


In ACBA- CREDIT AGRICOLE BANK the reimbursement of bank deposits of natural persons is guaranteed by the ’’Fund, guaranteeing the reimbursement of the deposits’’ by the amount subject to the reimbursement. Particularly
- in case of only AMD deposits - 4 million AMD
- in case of only currency deposit – 2 million AMD
- in case of AMD (more than 2 million) and currency deposits – up to 4 million AMD
- in case of AMD (less than 2 million) and currency deposits – the AMD deposit – wholly and currency deposit – 2 million AMD and by the amount of difference of reimbursed AMD deposit.