OREANDA-NEWS. December 07, 2011. ARARATBANK offers a new service, ARARAT BUSINESS deposit, for legal entities.  This new offer allows customers to deposit funds both in AMD and USD with a maturity ranging between 31 days to 3 years, with minimum amount of AMD 400.000 (four hundred thousand) with up to 12% annual interest rate or USD equivalent with up to 7.5% annual interest rate, reported the press-centre of ARARATBANK.

This new type of deposit enables customers not only to replenish the deposit account with a twofold amount of the initial deposit amount, but also to withdraw funds of up to 20 per cent of the initial amount from the deposit account, maintaining the accrued interests for the given period.

Interests shall be either paid at the request of the depositor on monthly, quarterly basis or at maturity or may be capitalized through accrual on the deposit initial amount.  

It should be pointed out as well that in case of depositing an amount exceeding AMD 20 million or USD 50 thousand, 0.5% shall be added to the annual interest rate. 

At the request of the depositor, the latter may be issued MasterCard Business at the reduced rate of 75% and with no minimum balance requirement.