Unibank Deposits

• Term deposit - rate, term, minimum amount, capitalization option
• Savings account - rate, features (unrestricted deposits/withdrawals)
• Deposit with top-up option - top-up conditions, rate, term
• Deposit for pensioners - if applicable
• Foreign currency deposits (USD / EUR) - if applicable

• Rate and term - the longer the term and the higher the rate, the greater the return
• Capitalization - accrued interest is added to the deposit principal and generates additional income
• Top-up option - increasing the deposit amount during the term increases the final return
• Early closure - in case of early termination, most banks apply the "demand deposit" rate, which means loss of income

Important: deposit income is subject to a 10% tax in accordance with the legislation of the Republic of Armenia.

• Choose deposits that allow partial withdrawal without losing interest
• Use a savings account - it allows you to withdraw funds without restrictions
• For a term deposit without a withdrawal option - do not withdraw the funds before the maturity date
• Check the bank's early termination conditions before opening a deposit

• Passport of a citizen of the Republic of Armenia
• For pension deposits - pension certificate
• Proof of income is not required

Step 1 - Compare Unibank offers with deposits from other banks in Armenia on AFM.am and use the calculator to estimate your return

Step 2 - Go to the bank's website to open the deposit online or visit the nearest branch

Step 3 - Sign the agreement, deposit the funds, and receive confirmation that the deposit has been opened

Pros:

• ✓ Deposits are insured by the Deposit Guarantee Fund of the Republic of Armenia up to 16,000,000 AMD
• ✓ Online opening without visiting a branch
• ✓ 12 products for different goals and terms
• ✓ Deposits in AMD, USD, RUB, and EUR
• ✓ Automatic renewal (if supported)

Cons:

• ✗ Early closure of a term deposit - loss of accrued interest
• ✗ 10% tax on interest income from individual deposits

1. What Types of Deposits Does Unibank Offer?

   Unibank offers 12 products: term deposits, savings accounts. Rates are up to 9.7%, terms range from 1 months to 18 years, and available currencies include AMD, USD, and EUR.

2. What Is the Maximum Deposit Rate at Unibank?

   The maximum rate is up to 9.7% per year. It applies to term deposits without top-up or early withdrawal options. Savings account rates are generally lower - up to 7.7%.

3. Are Deposits at Unibank Insured?

   Yes. Unibank participates in Armenia's deposit guarantee system. The Deposit Guarantee Fund of the Republic of Armenia guarantees repayment of funds up to 16,000,000 AMD per depositor.

4. Do I Need to Pay Tax on Deposit Income?

   Yes. In accordance with the legislation of the Republic of Armenia, interest income earned by individuals on deposits is taxed at a rate of 10%. The bank withholds the tax automatically when paying the interest.

5. In Which Currencies Can I Open a Deposit at Unibank?

   Deposits are available in Armenian drams (AMD), US dollars (USD), and euros (EUR). Deposits in AMD generally offer the highest returns - their rates are traditionally higher than those on foreign currency deposits.

6. Can I Top Up a Deposit at Unibank?

   It depends on the product. Some deposits allow additional contributions, while others do not. The top-up option and its conditions are specified in the product card for each deposit on AFM.am.

7. What Happens If I Close a Deposit Early?

   If a term deposit is closed early, the bank generally recalculates the interest using the "demand deposit" rate - this means losing most of the accrued income. Check the early closure conditions in the agreement.

8. How Can I Open a Deposit at Unibank Online?

   On AFM.am, compare all Unibank deposits with offers from other banks in Armenia. After selecting an offer, go to the bank's website to open the deposit online through your personal account or mobile application.