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Manuk

Deposit "Manuk"

Cumulative banking deposit.

Conditions of depositing

Deposit "Manuk" is accepted from private individuals on condition of making a cumulative deposit in names of children, until the child reaches adulthood, irrespective of the current age of the child.

Currency AMD and USD
Minimum amount
  • 10 000 AMD
  • 100 USD
Period Minimum 5 years but not less than before the next day after the depositor reaches the age of 14 and not more than the next day after the depositor reaches the age of 18
Interest Rate

CBFR1-0.25% AMD

CBFR1-1.25% USD

Payment of interest rate Interest calculated every three months, is credited to the deposit balance.
Maturity of bonus deposit Number of deposit years multiplied by average deposit balance multiplied by 5 percentage point.
 

1CBFR - Converse Bank Flexible Rate 

Documents required by the Bank for placing a deposit:

a/ Passport of the authorized representative of the Depositor
b/ Certificate of Birth or Passport of the Depositor
c/ Social Security Card of the authorized representative of the Depositor (for RA residents)