Ameriabanks offers unprecedented terms for time deposits

Ameriabank offers time deposits to legal persons at new and flexible terms, to enable correct use of their resources by the entrepreneurs. As Ameriabank Marketing Department reported, in current situation, while suppliers don’t enter into deferred payment arrangements, and consumers do not fulfill their obligations on time, money flow can’t be planned. A necessity arises for cash assets distribution system to increase effectiveness of cash usage.
New time deposit terms allow increasing or decreasing of deposit amounts within interest rate limits stipulated. The annual interest rates can vary up to 11% for AMD deposits and 6% for USD or EURO deposits, depending on deposit amount.
Annual interest rates will be individualized in case deposits exceed AMD 500 million or USD 500 thousand.
As per 28.02.09, Ameriabank time deposit rate volume rose 7,2 times as compared to the same period of 2008, and by 47.8 % within the first two months of 2009.