VTB (Armenia) launched a new service - Savings account with a rate of  up to 9.5%

ArmInfo. VTB Bank (Armenia)  announces the launch of a new service - Savings Account, which will  bring the owner income up to 9.92% per annum at a rate of 9.5%.As the  press service of the bank reports, the rates on the Cumulative  Account in drams range from 1.5% to 9.5% per annum, depending on the  period and amount."Unlike a term deposit, by opening a savings  account at VTB Bank (Armenia), a client can withdraw funds or  replenish a savings account at a convenient time, an unlimited number  of times, without losing the interest already accrued," the source  noted.

According to the announcement, the new proposal provides for  the opening and maintenance of a savings account - for free;  depositing and withdrawing funds from the account - without  restrictions; no limit on the minimum and maximum contributions;  interest payments - monthly on the minimum account balance; interest  rate up to 9.5% depending on the period of funds in the account and  their volume.In order to provide customers with greater comfort, VTB  Bank (Armenia) offers customers to replenish their savings accounts  automatically through the service of a Periodic Payment Order. 

When opening a Cumulative Account, the client is requested to  immediately issue a Periodic Payment Order, thereby giving the Bank a  task for a specific frequency (monthly, quarterly, etc.) to  automatically replenish its Cumulative Account, using the income of  other accounts of this Bank client (salary, rent payments and .d.)  The larger the amount on the account, the higher the interest  charged.More detailed information on the terms and conditions of the  opening of the Savings Account can be obtained in the branches of VTB  Bank (Armenia), on the official website of the Bank www.vtb.am or at  the Bank's Contact Center at 87-87.Recall that VTB Bank (Armenia)  CJSC became a member of the VTB international financial group in  April 2004. Currently, the second largest in Russia, PJSC "Bank VTB"  owns 100% of shares of Bank VTB (Armenia). The bank is among the  leaders of the banking system of the Republic of Armenia in terms of  key indicators.