Safe Deposit on favorable terms

Safe

Deposit on favorable terms

Choose “Safe” deposit with Anelik Bank CJSC and benefit 9.25% annual interest rate.
You can deposit the amount either with or without the right to replenish.
You can get free Visa Classic, Visa Electron, Visa Gold, Cirrus/Maestro , MasterCard Standard, MasterCard Gold  plastic cards.   


  • Interest rate
    up to 9.25 %
  • Terms
    up to 1096 days
  • Minimum amount
    100 000 AMD
  • Maximum amount
    Not defined


The page was updated 20.03.2018 15:27
Guide to deposit

Safe


 1. Annual interest rates for the Safe deposit accepted by Anelik Bank CJSC without the right to replenish the amount

Payment of interests

Currency

AMD

USD

EUR

RUB

Term of deposit

Monthly

At the maturity

Monthly

At the maturity

Monthly

At the maturity

Monthly

At the maturity

31-60 days

-

5.00%

-

1.00%

-

0.25%

-

4.00%

61-90 days

-

5.50%

-

1.50%

-

0.50%

-

4.25%

91-120 days

5.50%

6.00%

1.75%

2.25%

0.75%

1.00%

4.00%

4.50%

121-150 days

6.00%

6.50%

2.00%

2.50%

0.75%

1.00%

4.25%

4.75%

151-180 days

6.50%

7.00%

2.50%

3.00%

1.00%

1.25%

4.50%

5.00%

181-210 days

7.00%

7.50%

3.00%

3.50%

1.25%

1.50%

4.75%

5.25%

211-240 days

7.00%

7.50%

3.25%

3.75%

1.25%

1.50%

5.00%

5.50%

241-270 days

7.50%

8.00%

3.50%

4.00%

1.50%

1.75%

5.25%

5.75%

271-300 days

7.50%

8.00%

3.75%

4.25%

1.75%

2.00%

5.50%

6.00%

301-330 days

8.00%

8.50%

4.00%

4.50%

1.75%

2.00%

5.75%

6.25%

331-365 days

8.00%

8.50%

4.25%

4.75%

1.75%

2.00%

6.00%

6.50%

366-730 days

8.50%

9.00%

4.50%

5.00%

2.25%

2.50%

-

-

731-1096 days 8.75%
9.25%
- - - - - -


2.  Annual interest rates for “Safe” deposit accepted by Anelik Bank CJSC with the right to replenish the amount

Payment of interests

Currency

AMD

USD

EUR

RUB

Term of deposit

Monthly

At the maturity

Monthly

At the maturity

Monthly

At the maturity

Monthly

At the maturity

91-120 days

5.00%

5.50%

1.25%

1.75%

0.25%

0.50%

3.00%

3.50%

121-150 days

5.50%

6.00%

1.50%

2.00%

0.25%

0.50%

3.25%

3.75%

151-180 days

6.00%

6.50%

1.75%

2.25%

0.50%

0.75%

3.50%

4.00%

181-210 days

6.50%

7.00%

2.25%

2.75%

0.75%

1.00%

3.75%

4.25%

211-240 days

6.50%

7.00%

2.75%

3.25%

0.75%

1.00%

4.00%

4.50%

241-270 days

7.00%

7.50%

3.00%

3.50%

1.00%

1.25%

4.25%

4.75%

271-300 days

7.00%

7.50%

3.25%

3.75%

1.25%

1.50%

4.50%

5.00%

301-330 days

7.50%

8.00%

3.50%

4.00%

1.25%

1.50%

4.75%

5.25%

331-365 days

7.50%

8.00%

3.75%

4.25%

1.25%

1.50%

5.00%

5.50%

366-730 days

8.00%

8.50%

4.00%

4.50%

1.75%

2.00%

-

-


3. Annual  interest rate and the general terms and conditions for “Safe” deposits without the right to replenish attracted for 1 097 days and more, and for “Safe” deposit with the right to replenish attracted for more than 451 days and /or, exceeding AMD 100 000 000 (one hundred million), USD 200 000  (two hundred thousand) or EUR 200 000  (two hundred thousand) and attracted for more than 366 days and/or exceeding 12 000 000 (twelve million) million RUB shall be agreed and set out additionally.
4. Periodicity of replenishment of the deposit amount during the due date of the deposit agreement is not limited, and the deposit amount due to such replenishment may not exceed AMD 100 000 000 (one hundred million), USD 200 000 (two hundred thousand), EUR  200 000 (two hundred thousand), RUB 12 000 000 (twelve million). Interest on such replenished principal is accrued according to the interest rate set out by the deposit agreement, except for cases where the deposit is replenished on or before the 90th days prior to the maturity, at which the interest shall be calculated at the rate determined for the demand deposits. Both the Depositor and any other willing person may replenish the deposit unless otherwise is stipulated by the deposit agreement.
5. The minimum amount of the deposit is AMD 100.000 (one hundred thousand), or USD 200 (two hundred), or EUR 200 (two hundred), or RUB 12.000 (twelve thousand); such condition is to be met in order to receive the interest in accordance with the scales specified in clauses 1 and 2 of this information bulletin.
6. The Depositor may make the deposit for the benefit of the third party, which acquires the right to manage the deposit from the time of conclusion of the first deal with the deposit, representing the first requirement to the Bank based on such right, or submitting written request for such deal, and the Depositor (investor) shall loose its right to the deposit.
6.1. In case where the deposit is executed for the benefit of the third party (adult capable person) without the knowledge of the latter, the depositor shall himself bear the responsibility for the presentation of all ID documents of such third party and all the legal consequences thereof.
7. The deposit account may be replenished by any third parties, provided however that some information on the deposit account is provided by such third parties, unless otherwise is provided by the agreement.
8. Interest accrued on the deposit is paid on monthly basis or at the maturity.
9. Bank account in Armenian drams is opened for deposits in any currency.
10. Upon the request of the depositor the interest amount accrued on the deposit in foreign currency may be paid in the currency of the deposit, in cases other than those stipulated by the CBA. Unless the client requested receipt of the interest amount in the given currency, such interest shall be paid in Armenian drams on the basis of going exchange rate applicable by the Bank.
11. In the event of prior withdrawal of the deposit amount accepted by the Bank or a part thereof the interest accrued from the date of accepting the deposit until the day preceding to the day of withdrawal shall be re-calculated at the rate of demand deposit set for such currency.
12. In the event of prior withdrawals if the amount of interests received by the Depositor exceeds the amount due to the Depositor (transferred to the bank account or set off against other liabilities), the difference shall be deducted from the returned principal deposit amount and in case the amount of received interests is less than the amount due to the Depositor, such difference shall be paid to the Depositor.
13. Interest accrued on the Deposit shall be calculated on the daily balance unless otherwise specified by the agreement.
14. Interest due pursuant to this agreement shall be accumulated from the day following the date of acceptance of the Deposit and until the day preceding to the day of withdrawal of the deposit at the maturity or otherwise. 
15. Upon request of the depositor expressed at the time of executing the agreement the interest accrued on the deposit during the term of the deposit agreement may be added (capitalized) to the principal amount of the deposit with the frequency of payment of interest, if stipulated by the agreement. In the event of capitalization of the interest the balance of the deposit can exceed the maximum threshold provided for currencies set out by this information bulletin.
16. If the day of returning the deposit is a day off the deposit shall be returned the business day following such day off. Moreover interest shall be accumulated on the deposit for such mentioned days off.
17. If for any branch of the Bank such day off is a business day, nevertheless it should be considered day off for the Bank.
18. Upon Depositor’s written request the agreement may be extended after its termination under the terms of extension and in order set out by the information bulletin to this Agreement (particularly at the maximum interest rate determined for such currency according to the term of extension of the agreement; in case where the frequency of payment of interest is changed and the frequency of such payment is not specified in the new information bulletin , the term of the agreement shall be extended for the next nearest frequency of payment of interests).
18.1. The deposit agreement shall be extended on the terms most corresponding to the terms of such kind of deposit in the same currency and the maximum nominal interest rate determined by the Bank if at the time of expiration of the deposit agreement such kind of deposit no more exists, even if the depositor provided statement to extend the agreement after its expiration or selected the execution of agreement with the right to extend. If no such kind of deposit is there in the Bank the deposit agreement shall be extended on the terms of deposit in the same currency the interest rate of which is the maximum and the term of which is maximally close to the given deposit. Moreover, other terms of the deposit agreement such as replenishment/reduction of the deposit amount and other terms) shall not be considered.
18.2. The deposit agreement shall be extended on the basis of new ID document of the depositor in case such documents have been changed.
18.3. At the time of extending the agreement the depositor may replenish /withdraw the amount of the deposit.
19. If the Depositor doesn’t require return of the deposit after the term of this agreement the Deposit amount shall be transferred to the Depositor’s account under the terms of demand deposit and interest on the given amount shall be calculated in accordance with the terms provided for demand deposit for the given currency.
20. The Bank shall not have the right to unilaterally reduce the interest rates specified by the agreement unless otherwise is stipulated by the law.
21. The Bank shall have the right to unilaterally change the interest rates for the demand deposits and funds available on the banking account by placing 15 (fifteen) days prior announcement on www.anelik.am the official web site of the Bank.
22. Return of deposits to individuals is guaranteed by the RA Law on “Guarantee of Remuneration of Bank Deposits of Physical Entities”.
Remuneration of deposits is guaranteed by “Deposit guarantee fund of Armenia” in the amount subject to remuneration, particularly:

Currency
If you hold only a dram denominated bank deposit
If you hold only a foreign currency denominated bank deposit
If you hold dram and foreign currency denominated bank deposits 
If the dram deposit amount exceeding five million Armenian drams 
If the dram deposit amount doesn’t exceed five million Armenian drams
Maximum amount of guaranteed deposit
10 million Armenian dram
5 million Armenian dram
10 million Armenian drams  (only the dram denominated deposit will be guaranteed)
5 million Armenian drams
(the dram denominated bank deposit will be guaranteed entirely, and  the foreign currency denominated bank deposit - for the difference between five million Armenian drams and the remunerated dram denominated bank deposit)    

23. Acting as a tax agent to the Depositor, the Bank shall have the right to calculate and  charge tax on income (10%) from the payment of interests.
24. The Parties shall settle any disputes hereunder by negotiations or in accordance with applicable RA legislation.
The Depositor shall have the right to apply to the financial system mediator in accordance with the RA Law “On Financial system mediator” or to apply to the court (to the appropriate arbitration tribunal in case of availability of arbitration agreement between the client and the Bank) or to the Central Bank of RA.
The Bank must provide the conclusive answer to the client within 10 (ten) business days from the moment of receiving the claim of the client. In the event where the client disagrees with the written conclusive answer of the Bank or failure to receive any respond within 10 (ten) business days the Depositor acquires the right to apply to the Financial system mediator within 6 (six) month period. The Bank may not dispute the decisions of the financial system mediator if the value of the property claim doesn’t exceed 500 000 (five hundred thousand) Armenian drams or equal foreign currency.
25. Extracts from deposit accounts are provided to the Depositor at least on monthly basis with thirty day periodicity unless other periodicity is stipulated by the agreement or the law.
26. The depositor shall be charged commissions at the rates determined by the Bank for cash out when withdrawing the amount if such amount was replenished in non-cash form.
27. Copies of extracts and payment documents, and other documents are provided to the Depositor against the tariffs established by Anelik Bank CJSC  (according to the «Tariffs for services rendered to the clients of Anelik Bank CJSC”).
28. Terms of “USD deposit 150 days” and “Convertible” deposits shall be extended on the terms and conditions stipulated for “Safe” deposit placed without the replenishment right, according to the time gap.
29. The Annual Percentage Yield (APY), calculated for 366 days for AMD deposit without tax on profit:

Monthly

At the maturity

Without the right to replenish

8.84%

9.00%

With the right to replenish

8.30%

8.50%


where:  

APY –  Annual percentage yield,
A –  is the initial deposit principal amount,
ո – is the consecutive number of the deposit related cash flow,
N – is the last of the deposit related cash flows (including cash flows at the time the deposit was put), after which the deposit agreement expires

Kո – flows of deposit principal and/or capitalized interest and mandatory fees, if any, at the deposit start date and/or during its term.
Dո – is the number of days elapsed from the time the deposit was made till each n-th deposit-related cash flow inclusively. When cash flows occur on the deposit start date, D1=0.

 

30. Examples of calculation of APY

Example 1. For deposits without the right to replenish

Deposit start date  05.03.2018 (the day of placing the deposit is not considered)

Amount of deposit  100,000 AMD

Annual interest rate 9.25%

Payment of interest  at the maturity

Maturity: 1,096 days (05.03.2021)

Value of the tax on income  10%

Calculated interest:

For the 1st year  (05.03.2019)     

100,000 x 9.25% : 365 x 365 = 9,250 AMD

For the 2nd year (04.03.2020)                

100,000 x 9.25% : 365 x 365 = 9,250 AMD

For the 3rd year (05.03.2021)

100,000 x 9.25% : 366 x 365 = 9,224.73 AMD (the date of repayment is not considered)

Total interest amount: for 1,096 days (as of 05.03.2021) is  27,724.73 AMD

Tax on income                          

27,724.73 x 10% = 2,772.47 AMD

Interest income of the Depositor :     

24,952.25 AMD for  1,096 days  (as of 05.03.2021)

 Example 2. For deposits with the right to replenish

Deposit start date  05.03.2018 (the day of placing the deposit is not considered)

Amount of deposit  100,000 AMD

Annual interest rate  8.50%

Payment of interest  at the maturity

Maturity  540 days (27.08.2019)

Value of the tax on income  10%

Calculated interest:    

For the 1st year  (05.03.2019)`                

100,000 x 8.50% : 365 x 365 = 8,500 AMD

For the 2nd year (27.08.2019)

100,000 x 8.50% : 365 x 174 = 4,052 AMD (the date of repayment is not considered)

Total interest amount for 540 days (as of 27.08.2019թ.) is 12,552.05 AMD

Tax on income                                      

12,552.05 x 10% = 1,255.21 AMD

Interest income of the Depositor :   

11,296.85 AMD for 540 days (as of 27.08.2019)

ATTENTION! THE INTEREST ACCRUED TO THE DEPOSITED AMOUNT IS CALCULATED ON THE BASIS OF NOMINAL INTEREST RATE. THE ANNUAL PERCENTAGE YIELD (APY) SHOWS THE INCOME YOU COULD EARN IF YOU RE-DEPOSITED THE INTEREST.

The page was updated 28.03.2018 11:10
The following documents should be submitted to the Bank for execution of “Discount” deposit:

  • ID document,

  • Public service number /reference on non-receiving the PSN

The page was updated 20.11.2017 11:40
Attention: The Bank does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites. In case of any discrepancies in the website materials in Armenian, Russian and English languages, the Armenian version is prevailing.

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