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Deposits

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Earn interest on cash reserves while keeping funds available for your business.

We offer term deposits in Armenian drams (AMD), US dollars or Euros.


Time deposit account opening fee¹	Not applicable
Time deposit minimum amount	AMD 4.000.000 USD 10.000 EUR 10.000

Time Deposit Rates

Annual rates (%) for deposits


Months
	1	3	6	9	12	18	24	36
AMD	3.00	4.00	5.00	6.00	7.00	7.00	Negotiable	Negotiable
USD	0.50	1.00	1.50	2.00	2.50	2.50	Negotiable	Negotiable
EUR	0.25	0.50	1.00	1.25	1.50	Negotiable	Negotiable	Negotiable

For annual percentage yield calculation please click here.

Learn more about Time Deposits in the attached information brochure.

1 Time Deposit account is opened only if a current account in AMD and/or in Deposit's currency is available.

Notes

Term Deposit account closure fee is not applicable.
Interest is paid on upon deposit maturity or on monthly basis during deposit term.
A premature withdrawal of the Deposit may be made only at the consent of the Bank.
In case of early termination of the Term Deposit agreement at the demand of the Customer or due to other reason beyond the control of the Bank the interest payable to the customer shall be calculated as follows:
In case of Standard Time deposit at one hundredth portion of the Term Deposit interest.
In case of Term deposit with interim interest repayment
- Where the Term Deposit is withdrawn earlier than after one month, the interest payable to the Customer shall be calculated at one hundredth portion of the Term Deposit interest,
- Where the Term Deposit is withdrawn after one month, the interest payable to the Customer shall be calculated at the rate applicable to one-month deposits effective at the moment of such withdrawal. The difference between paid interest and recalculated interest is subject to deduction from the principle amount of term deposit.
With the Term Deposit Agreement Customer instructs to renew the deposit at the Bank's prevailing interest rate as of the date of maturity for the specified period or credit/transfer the principal to the customer’s account.
The amount of interest determined by the deposit agreement, which the depositor invested on the condition of getting it back upon expiry of the term or upon reaching the circumstances stipulated by the contract, cannot be unilaterally reduced by the Bank unless otherwise provided by law or agreement.

Last updated on: 29/11/2023 09:38 UTC

Call us on:

+374 (60) 655 200

Open hours 09:00-18:00

hsbc.armenia@hsbc.com

Deposits

Time Deposit Rates

Call us on:

+374 (60) 655 200

Foreign Exchange

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