VTB Bank (Armenia) offers savings accounts at 9.5%
01.11.2019,
15:37
VTB Bank (Armenia) has urged today those customers, who wish to save and, most importantly, increase their savings in Armenian drams, open a savings account.
YEREVAN, November 1. /ARKA/. VTB Bank (Armenia) has urged today those customers, who wish to save and, most importantly, increase their savings in Armenian drams, open a savings account. The bank said in a press release that a savings account enables a client to add and withdraw money to and from his/her account at any time and without any restrictions.
According to the bank, this account is a kind of piggy bank that has an unlimited validity period combining the security of the deposit and the flexibility of a bank account. The yield on the savings account is from .51% to 9.92% per annum at the rate of 9.5%.
In contrast to the term deposit, by opening a savings account with VTB Bank (Armenia), the client has the opportunity to withdraw money or replenish the account an unlimited number of times without losing any interest that has been accrued.
One can open a savings account not only in 72 branches of VTB Bank (Armenia), but also remotely using the Video Bank service. Replenishment of the savings account is also easy and convenient: it can be done through about 4000 payment terminals across the country, the Mobile / Internet Bank, as well as though the Video Bank services.
The bank said the opening of an account is free of charge; monthly account maintenance is also free of charge if, during a calendar month, the daily cash balance on the account was 10,000 drams and more. Otherwise, the fee for servicing the account is 390 drams; there is no restriction for replenishing and withdrawing of funds from the account and no minimum or maximum deposit amounts are set; interests are paid monthly along with capitalization and monthly interest is calculated on the amount of the minimum cash balance.
For a more comfortable use of the service, VTB Bank (Armenia) offers its customers to replenish their savings accounts automatically by using the Periodic Payment Order service.
When opening a savings account, the client is asked to have also a Periodic Payment Order, thereby instructing the bank with a specific periodicity (monthly, quarterly, etc.) to automatically replenish his/her savings account through receipts to other client accounts (salaries, rent payments, etc.).
The larger the amount in the savings account and the longer it remains there, the higher the accrued interest. The rates on the savings account are 1.5% - 9.5% per annum in drams depending on the term and the amount.
More detailed information about the account can be obtained at the branches of VTB Bank (Armenia), at its official website www.vtb.am or by calling 87-87. VTB Bank (Armenia) CJSC became a member of VTB Financial Group in April 2004. Currently, it is owned fully by the second largest Russian VTB Bank. -0-
According to the bank, this account is a kind of piggy bank that has an unlimited validity period combining the security of the deposit and the flexibility of a bank account. The yield on the savings account is from .51% to 9.92% per annum at the rate of 9.5%.
In contrast to the term deposit, by opening a savings account with VTB Bank (Armenia), the client has the opportunity to withdraw money or replenish the account an unlimited number of times without losing any interest that has been accrued.
One can open a savings account not only in 72 branches of VTB Bank (Armenia), but also remotely using the Video Bank service. Replenishment of the savings account is also easy and convenient: it can be done through about 4000 payment terminals across the country, the Mobile / Internet Bank, as well as though the Video Bank services.
The bank said the opening of an account is free of charge; monthly account maintenance is also free of charge if, during a calendar month, the daily cash balance on the account was 10,000 drams and more. Otherwise, the fee for servicing the account is 390 drams; there is no restriction for replenishing and withdrawing of funds from the account and no minimum or maximum deposit amounts are set; interests are paid monthly along with capitalization and monthly interest is calculated on the amount of the minimum cash balance.
For a more comfortable use of the service, VTB Bank (Armenia) offers its customers to replenish their savings accounts automatically by using the Periodic Payment Order service.
When opening a savings account, the client is asked to have also a Periodic Payment Order, thereby instructing the bank with a specific periodicity (monthly, quarterly, etc.) to automatically replenish his/her savings account through receipts to other client accounts (salaries, rent payments, etc.).
The larger the amount in the savings account and the longer it remains there, the higher the accrued interest. The rates on the savings account are 1.5% - 9.5% per annum in drams depending on the term and the amount.
More detailed information about the account can be obtained at the branches of VTB Bank (Armenia), at its official website www.vtb.am or by calling 87-87. VTB Bank (Armenia) CJSC became a member of VTB Financial Group in April 2004. Currently, it is owned fully by the second largest Russian VTB Bank. -0-
