Top 5 deposit offers in Armenia for non-Residents

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Deposits, AMIO Bank, Artsakhbank, Byblos Bank Armenia, Evocabank
What is required for non-residents to open a deposit in Armenia?
We have researched this question and selected the five most advantageous deposit accounts in Armenia available to non-residents.
Let’s imagine you have 2 million AMD and would like to deposit it in a bank for one year. You can do this at any of Armenia’s 17 banks. However, not all of them offer favorable or flexible terms.
AFM is a platform that monitors Armenia’s financial market and provides up-to-date, detailed information about the country’s banking products.
Use our deposit selection tool to filter and find the most suitable and profitable option for your needs.
So, let’s take a look at which banks offer the best conditions for opening a deposit if you are a non-resident.
AMIO Bank – “Profitable” Deposit via AMIO Mobile
Interest rate: 10.25% per annum.
Capitalization: none.
Top-ups, partial or early withdrawals: not allowed.
Fees: 15,000 AMD annual account maintenance fee for non-residents.
Required documents: ID card, social card, proof of income.
Advantages: highest interest rate currently available free Visa or Mastercard.
Disadvantages: can only be opened via the bank’s mobile app, i.e., available to existing clients only.
Your annual income from the deposit:
2,000,000 * 10.25% = 205,000
Tax (10%) = 20,500
Fee = 15,000
Net income: 169,500 AMD
AMIO Bank – “Profitable” Deposit (for New Clients)
Interest rate: 10% per annum.
Capitalization: none.
Top-ups, partial or early withdrawals: not allowed.
Fees: 15,000 AMD annual account maintenance fee for non-residents.
Required documents: ID card, social card, proof of income.
Advantages: available to new clients.
Disadvantages: early termination forfeits interest.
Your annual income from the deposit:
2,000,000 * 10% = 200,000
Tax (10%) = 20,000
Fee = 15,000
Net income: 165,000 AMD
Artsakhbank – “Term Deposits”
Interest rate: 10% per annum.
Capitalization: none.
Top-ups: not allowed.
Partial withdrawals: allowed up to 20%.
Early termination: allowed, but with only 1% interest paid.
Fees: 10,000 AMD account opening + 300 AMD per quarter (1,200 AMD/year) for non-residents.
Required documents: ID card, social card.
Advantages: high interest rate, partial withdrawal allowed.
Disadvantages: no capitalization or top-ups allowed.
Your annual income from the deposit:
2,000,000 * 10% = 200,000
Tax (10%) = 20,000
Fee = 10,000 + 1,200 = 11,200
Net income: 168,800 AMD
Evocabank – “Symphonic” Deposit
Interest rate: 9.75% per annum.
Capitalization: none.
Top-ups: allowed.
Partial withdrawals: not allowed.
Early termination: allowed with partial interest retention.
Fees: 10,000 AMD annual account fee for non-residents + mandatory 0.25% donation from earned interest to the Armenian Symphony Orchestra.
Required documents: ID card, social card, proof of income.
Advantages: ability to top up the deposit.
Disadvantages: part of the income is donated to charity.
Your annual income from the deposit:
2,000,000 * 9.75% = 195,000
Tax (10%) = 19,500
Fee = 10,000
Mandatory donation (0.25%) = 488
Net income: 165,012 AMD
Byblos Bank Armenia – “Term Deposit”
Interest rate: 9.75% per annum.
Capitalization: none.
Top-ups, partial or early withdrawals: тot allowed.
Fees: 5,000 AMD account opening + 200 AMD monthly (2,400 AMD/year) for non-residents.
Required documents: ID card, social card.
Advantages: simple terms.
Disadvantages: minimum deposit amount: $30,000 or equivalent in another currency.
Your annual income from the deposit:
2,000,000 * 9.75% = 195,000
Tax (10%) = 19,500
Fee = 5,000 + 2,400 = 7,400
Net income: 168,100 AMD
Final Ranking by Net Income
Bank | Interest кate | Net фnnual шncome (in AMD) | Highlights |
AMIO Bank | 10,25% | 169,500 | Highest interest rate |
Artsakhbank | 10% | 168,800 | Option for partial withdrawal |
Byblos Bank Armenia | 9,75% | 168,100 | Fixed conditions |
Evocabank | 9,75% | 165,012 | Contribution to symphony orchestra fund |
AMIO Bank | 10% | 165,000 | Simple conditions |
Now you are informed about the top 5 deposit accounts in Armenia available to non-residents for a 1-year term.
Use the AFM platform to ensure your financial decisions always work in your favor.

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