Deposit  “Uni-Corporative”

Deposit validity period

                                Up to  15.03.13y.

Deposit currency,  periods and annual interest rates

15-30  days

31-60
days

61-90 days

91-180
days

181-270
days

271-365 days

AMD

5%

6,5%

7,5%

8,5%

10%

According to the contract

USD

2%

3%

3,5%

4,5%

5,5%

6,5%

EUR

1%

2%

3%

3,5%

4,5%

5,5%

RUB

1%

2%

3%

3%

4%

5,5%

In case of  infringement of deposit contract  for the deposits in AMD, interest rate is determined 0.1%, and in case of depositst in USD, EUR or RUB-0.01%.

1.

Tariffs and fines

1. In case of preterm annulment of the deposit contract interest is accrued to the actual daily remainder of the deposit amount. For the remainder on the banking accounts of resident  physical persons in foreign currency, annual interest rate 0.01% is valid, and in AMD – 0.5% for the real period of placement in the bank. The bank is entitled to change the interest rate being accrued to the sum on the banking account in accordance with the tariffs and rates approved by the Board of Unibank CJSC.     

2. Account service of term deposits is made via banking accounts. From the client’s banking accounts annual fee for account service is charged, in accordance with the tariffs and rates of the Bank.

2.

Information about interest rates

1 Annual interest rate  - interest rate determined by the deposit contract in annual segment,  according to which are accrued interest rates paid to the depositor.

Interest calculation formula for the present deposit product:

DT * Y / 365 * Days

where

DT – sum of placed deposit

Y – annual interest rate

Days – number of days for which the deposit is placed, taking into consideration paragraph 1 of article 907of Civil Code of Republic of Armenia, according to which deposit interest is not accrued on the day of placement and recall of the deposit. 

Example 1

Deposit term – 270 days

Deposit sum – 4 000 000 AMD

Annual interest rate - 10%

4 000 000 * 11 /100 / 365 * 268 = 293.698.6 AMD

2. Annual interest income (APY) – annual interest income on deposit in case of making compulsory payments by the investor as well as at capitalization of interest.

APY= (1+r/n)n  -1,  where

APY- annual interest income

r- annual interest rate

n- frequency of capitalization  sum of interest rate during the year 

If interest is paid monthly n =12 , then

                       APY= (1+0.1/12) 12 -1,     
                       APY=0.1047*100=10.47%

If interest is paid at the end of term n =1 , then

                       APY= (1+0.1/1)1  -1,   
                       APY=0.1*100=10%