Online Deposit Calculator
Calculate deposit income considering capitalization and top-ups, and compare deposits from all Armenian banks. Current as of 06.10.2026.
10 000 ֏100 000 000 ֏
Deposit term1 year
1 month10 years
%
Enter the annual interest rate from your deposit agreement
Calculation results
Income50 000 ֏
Deposit amount500 000 ֏
Amount at maturity550 000 ֏
The calculator results are preliminary. Full payment conditions will be provided by the bank after signing the agreement
Find a deposit
Choose the best terms from top Armenian banks
Deposits from Armenian banks based on your parameters
Fast BankTop-up deposit
Interest rate
10.25%
Term
367-550 days
Amount
from 50 000֏
Fast BankTop-up deposit
Interest rate
10%
Term
181-366 days
Amount
from 50 000֏
ArtsakhbankTime deposit
Interest rate
10%
Term
366-550 days
Amount
to 50 000 000֏
ArmeconombankClassic deposit
Interest rate
9.75%
Term
367-545 days
Amount
from 100 000֏
Interest rate
9.75%
Term
181-365 days
Amount
to 250 000 000֏
EvocabankEvoca Online Deposit
Interest rate
9.75%
Term
366-549 days
Amount
from 100 000֏
ArtsakhbankTime deposit
Interest rate
9.75%
Term
366-550 days
Amount
to 50 000 000֏
Interest rate
9.75%
Term
366-550 days
Amount
to 250 000 000֏
Fast BankTop-up deposit
Interest rate
9.75%
Term
367-550 days
Amount
from 50 000֏
Interest rate
9.69%
Term
366-550 days
Amount
to 250 000 000֏
Acba BankTime Deposit For Children
Interest rate
9.6%
Term
365-5840 days
Amount
from 50 000֏
Interest rate
9.5%
Term
366-550 days
Amount
to 250 000 000֏
EvocabankClassical deposit
Interest rate
9.5%
Term
366-549 days
Amount
from 100 000֏
Fast BankTop-up deposit
Interest rate
9.5%
Term
181-366 days
Amount
from 50 000֏
AMIO BankTerm deposit "Beneficial"
Interest rate
9.5%
Term
366-550 days
Amount
to 250 000 000֏
ArmeconombankClassic deposit
Interest rate
9.5%
Term
367-545 days
Amount
from 100 000֏
Converse BankDeposit Progress
Interest rate
9.5%
Term
365 days
Amount
to 50 000 000֏
AMIO BankTerm deposit "Beneficial"
Interest rate
9.5%
Term
181-365 days
Amount
to 250 000 000֏
EvocabankChildren's deposit
Interest rate
9.5%
Term
365-5840 days
Amount
to 5 000 000֏
ArtsakhbankTime deposit
Interest rate
9.5%
Term
271-365 days
Amount
to 50 000 000֏
UnibankDeposit “Classic”
Interest rate
9.5%
Term
366-549 days
Amount
to 100 000 000֏
InecobankSimple Deposit
Interest rate
9.5%
Term
365-425 days
Amount
to 200 000 000֏
Interest rate
9.44%
Term
181-365 days
Amount
to 250 000 000֏
Interest rate
9.3%
Term
181-365 days
Amount
to 250 000 000֏
ArmeconombankClassic deposit
Interest rate
9.25%
Term
367-545 days
Amount
from 100 000֏
This table is based on current bank offers presented on AFM. The rating is updated regularly. All specified deposits are available under standard placement conditions and are among the offers with the highest interest rates in the Armenian market for a term of about 1 year.
Such products are suitable for placing amounts of around 10 million AMD or a comparable equivalent in US dollars and Euros — this allows for the maximum rate without additional conditions.
| Bank | Deposit Name | Rate | Term | Min. Amount | Capitalization |
|---|---|---|---|---|---|
| Fast Bank | Top-up Deposit | up to 10.25% | 367–550 days | from 50,000 AMD | No |
| AMIO Bank | "Profitable" Term Deposit (via AMIO Mobile) | up to 10% | 366–550 days | to be specified (max. 250,000,000 AMD) | Yes |
| VTB Bank (Armenia) | "Stable" Term Deposit | up to 10% | 365 days | from 4,000,001 AMD | No |
| Artsakhbank | Term Deposits | up to 10% | 366–550 days | to be specified (max. 50,000,000 AMD) | No |
| Evocabank | "EVOCA Online" Deposit | up to 9.75% | 366–549 days | from 100,000 AMD | No |
Data updated: 22.04.2026. The rating is for informational purposes only and does not constitute a recommendation.
To understand how much you will actually earn on a deposit, it is important to consider not only the interest rate but also the terms of interest accrual. The online calculator allows you to quickly estimate income and compare different scenarios — from basic placement to deposits with top-ups and capitalization.
Step 1
Enter deposit parameters: specify the deposit amount, currency, interest rate, and placement term.
Step 2
Specify the rate type: fixed (does not change throughout the term) or floating (depends on market conditions).
Step 3
Choose the interest accrual method: payout to a separate account or add to the deposit (capitalization). With capitalization, the income will be higher.
Step 4
Set the payout frequency: monthly, quarterly, or at the end of the term.
Step 5
If the deposit allows top-ups or partial withdrawals, specify the amount and frequency of these operations.
Step 6
Review the result: the calculator will instantly show the total income, effective rate, and payout schedule. Click "Compare Bank Deposits" to see real offers.
A deposit calculator is an online tool for calculating the yield of a deposit. It allows you to determine the total income, effective interest rate, and the final amount at the end of the term in a few seconds, taking all conditions into account: capitalization, top-ups, and partial withdrawals.
The AFM calculator considers offers from all Armenian banks: enter your parameters and immediately see real deposits that match your conditions. This allows you not only to calculate theoretical income but also to compare which bank's deposit will bring more profit.
Calculator Features:
- Calculate deposit income with and without capitalization
- Account for regular top-ups and determine the final savings amount
- Model partial withdrawals and assess their impact on income
- Compare fixed and floating rates
- View a detailed monthly payout calendar
The final income from a deposit is determined by several key parameters. Understanding each of them helps you choose the most profitable offer.
Deposit Amount
The larger the amount, the higher the absolute income. Most Armenian banks set a minimum threshold for opening a deposit.
Interest Rate
The main parameter of profitability. The rate depends on the bank, the placement term, and the type of deposit. Compare offers based on the effective interest rate rather than the nominal rate — it takes capitalization into account.
Placement Term
The longer the term, the higher the total income, especially with capitalization. Short-term deposits (3–6 months) often offer increased rates to attract customers.
Interest Capitalization
With capitalization, interest is added to the principal, and in the next period, income is also accrued on that interest. This increases the total profit compared to a regular deposit.
Currency
Interest rates on AMD deposits are usually higher than those on USD or EUR deposits. However, foreign currency deposits provide protection against the devaluation of the Dram.
Top-up and Withdrawal
The ability to top up the deposit increases the final yield. Conversely, partial withdrawal reduces the principal and the income accrued on it.
Rate Type
A fixed rate guarantees predictable income. A floating rate may increase if the Central Bank of Armenia raises its rates, but it also carries the risk of decreasing.
Armenian banks offer various terms for interest accrual on deposits. The amount of income and the final profit from the deposit depend on the selected scheme.
| Parameter | Deposit (Term Deposit) | Savings Account |
|---|---|---|
| Term | Fixed | Indefinite |
| Rate | Fixed, usually higher | Can change at the bank's discretion |
| Top-up | Based on contract terms | Flexible |
| Withdrawal | Limited (penalties for early withdrawal) | Flexible, no penalties |
| Yield | Higher for long terms | Lower, but more flexible |
| Target Audience | Savings for a specific period | Reserve fund, regular savings |
For example, the "Progress" deposit at Converse Bank for 365 days at 9.5% per annum yields a fixed income when funds are placed without top-ups. Interest is paid at the end of the term, so the final profit is known in advance.
Additionally, this deposit allows partial withdrawal but does not provide for early termination – it is important to keep the funds placed for the entire term to maintain the yield.
Meanwhile, the "Profitable" deposit at AMIO Bank for a term of 366 to 550 days at 9.5% per annum allows for a higher final income due to interest capitalization – accrued interest is added to the principal.
Top-ups and partial withdrawals are not provided for, but early termination is allowed with a rate recalculation. Interest is paid at the end of the term, and when opened via the app, you can receive a bonus in the form of a free Visa or Mastercard.
Compared to the "Progress" deposit from Converse Bank, AMIO Bank offers higher final yield due to capitalization but is less flexible – Converse allows partial withdrawal, whereas AMIO fixes the deposit entirely for the term.
Capitalization (compound interest) is the accrual of interest not only on the initial deposit amount but also on the interest already accumulated from previous periods. Each month, the principal amount of the deposit increases, and in the next period, income is calculated on a larger sum.
Deposits with capitalization are more profitable than those without it, especially for long placement terms. The more frequently capitalization occurs — daily, monthly, or quarterly — the higher the final income.
Example of Deposit Income Calculation
Amount: 1,000,000 AMD, Rate: 9.25%, Term: 1 year
Without capitalization:
Income = 92,500 AMD
With monthly capitalization:
Income ≈ 96,770 AMD (+4,270 AMD)
Even with a relatively low rate, capitalization provides additional income through compound interest — interest is earned not just on the deposit amount but also on the interest already received.
Important: In the actual conditions of the "Growing" deposit from VTB Bank (Armenia), interest is paid at the end of the term, while capitalization is accounted for within the calculation — this affects the final yield.
To compare deposits with and without capitalization, use the Annual Percentage Rate (APR) — it reflects the actual yield considering compound interest.
To understand how much you will actually earn on a deposit, it is important to consider not only the interest rate but also the method of interest accrual. Even under identical conditions, a deposit with capitalization can yield significantly higher income due to compound interest.
Below are the basic formulas and a calculation example based on the real conditions of Armenian banks.
Income without capitalization:
Income = Amount × Rate / 100 × term in days / 365
Example (AMIO Bank, 9.75%, 365 days): 1,000,000 × (9.75 / 100) × 365 / 365 = 97,500 AMD
Compound Interest (with capitalization):
Final amount = P × (1 + C / 100 / Pₚ)^(Pₚ × D)
where P – deposit amount, C – annual rate, Pₚ – number of accruals per year (12 for monthly), D – term in years.
Example with Capitalization
Income ≈ 102,100 AMD
Additional income due to capitalization ≈ +4,600 AMD
Annual Percentage Rate (APR):
APR = (1 + C / 100 / Pₚ)^(Pₚ × D) − 1
Example: at a rate of 9.75% with monthly capitalization, APR ≈ 10.2% per annum.
Even with a rate of 9.75%, capitalization increases the actual yield to approximately 10.2%, providing additional income without increasing risk.
Use the calculator above – the result will be calculated automatically, taking into account all parameters and the accrual schedule.
Scenario: amount 1,000,000 AMD, term 1 year.
AMIO Bank – Deposit with Capitalization
- Rate – 9.75%
- Income without capitalization: 97,500 AMD
- Income with capitalization ≈ 102,100 AMD
- Difference: +4,600 AMD
Artsakhbank – Deposit without Capitalization
- Rate – 10%
- Income – 100,000 AMD
Despite the lower rate, the deposit with capitalization at AMIO Bank yields income comparable to a 10% rate deposit without capitalization.
Capitalization can offset the difference in rates, therefore, when choosing a deposit, it is important to look not just at the percentage, but at the method of income accrual.
Calculations are provided as an example and are based on a standard interest accrual model. Actual income may vary depending on bank conditions:
- Frequency of capitalization
- Internal interest calculation rules
- Possible product restrictions
Before placing funds, verify the terms with the bank or use the AFM calculator for an accurate calculation.
Armenia has a mandatory deposit insurance system provided by the Deposit Guarantee Fund of the Republic of Armenia (DGF RA). If a bank loses its license, the depositor is compensated for the deposit amount within the established limits.
Key Parameters of Deposit Insurance
- Up to 16,000,000 AMD – for deposits in Armenian Drams (including accrued interest)
- Up to 7,000,000 AMD – for deposits in foreign currency (USD, EUR, etc.)
- Compensation is paid within 20 working days after the occurrence of the insurance event
What is not insured:
- Deposits of legal entities
- Subordinated deposits
- Deposits of persons related to the bank
All banks on AFM are members of the Armenia deposit guarantee system.
In Armenia, personal income from bank deposits is subject to income tax. The tax rate is 10% for residents of Armenia. The bank withholds the tax automatically when paying interest.
Key things to know:
- The tax is withheld by the bank automatically — the depositor does not need to file a tax return
- The tax is calculated on the amount of interest actually paid
- Foreign currency deposits are taxed under the same rules
For example, if the deposit income is 120,000 AMD, the tax (10%) equals 12,000 AMD. The depositor will receive 108,000 AMD in hand.
The AFM calculator shows income before tax deduction. Please verify the final amount considering taxation in advance.
A deposit calculator helps avoid a typical mistake made by depositors: focusing solely on the interest rate without considering the actual terms of income accrual.
In practice, the difference in income is often determined not by the percentage, but by details — whether there is capitalization, how frequently interest is accrued, and whether top-ups are allowed. These specific parameters can increase the final profit by tens of thousands of AMD even with the same interest rate.
The calculator allows you to:
- Compare several placement scenarios in advance
- Assess the impact of the term and conditions on income
- Choose the optimal strategy for your goals
The maximum benefit is not always provided by the highest interest rate, but by the combination of the rate and accrual conditions.
At the same time, it is important to understand: calculator results are for guidance only. The final terms are determined by the bank upon opening the deposit, taking into account the specific program and placement parameters.
Author: Svetlana Khachatryan, Head of Product Cluster at AFM
How to calculate deposit income online?
Enter the amount, term, rate, and deposit parameters into the calculator above. The results – income, effective rate, and total amount at the end of the term – will appear instantly. Enable capitalization or add top-ups to see a more accurate calculation.
What is the most profitable term for opening a deposit?
Generally, the longer the term, the higher the total income, especially with capitalization. However, short-term deposits for 3-6 months in Armenian banks often offer increased rates. Compare options in the calculator by setting different terms.
What is capitalization and is it worth choosing?
Capitalization is the accrual of interest on previously accumulated interest. It increases the final income compared to a regular deposit. It is more beneficial for long terms and high rates – calculate both options in the calculator.
Can I close a deposit early?
Yes, a depositor has the right to close a deposit early. However, most Armenian banks recalculate the rate to a minimum or completely cancel the interest upon early termination. Check the conditions in the specific bank's contract.
How to account for top-ups in the calculator?
Click "Add Top-up," specify the frequency (monthly, quarterly, etc.), and the contribution amount. The calculator will automatically include top-ups when calculating the total income.
How to calculate deposit income with partial withdrawals?
Click "Add Withdrawal" and specify the frequency and amount. The calculator will show how partial withdrawals affect the final yield. Note: not all deposits allow withdrawals; check the terms of the specific offer.
What is the difference between the nominal rate and the effective rate?
The nominal rate is the basic percentage specified in the contract. The Annual Percentage Rate (APR) accounts for capitalization and reflects the actual yield of the deposit. When comparing deposits, use the APR as your guide.
Are deposits insured in Armenian banks?
Yes. All Armenian banks are participants in the deposit guarantee system. The Deposit Guarantee Fund of the Republic of Armenia compensates up to 16,000,000 AMD in the event of an insured event.