Euro Deposits in Armenia: Where to Find the Best Rates?
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The Best Euro Deposits in Armenia in Autumn 2025
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Author
Saty Avagyan
Source
AFMTopic
Deposits, ArmSwissBank, Byblos Bank Armenia, Evocabank, Armeconombank
Foreign currency savings remain a relevant and strategic option in Armenia's banking market. AFM continues its series of overviews on foreign currency deposits — this time focusing on euro deposits. We reviewed offers from all 17 Armenian banks and selected the top 4 options based on interest rates, terms, and flexibility.
Top 4 Euro Deposits in Armenia for 2025
1. Evocabank – EVOCA Online
Key Terms:
| ParameterValue | |
| Term | 2–3 years |
| Minimum amount | €200 |
| Interest rate | 3.25% per annum |
| Account opening fee for non-residents | 10,000 AMD |
Special Features:
- The deposit is available exclusively online — via EvocaTOUCH and EvocaONLINE
- Can be replenished up to the original deposit amount
- No partial withdrawals allowed
- Early closure retains only part of accrued interest
- For terms longer than 1 year, the rate increases by 0.25%
2. Byblos Bank Armenia – Term Deposit
Key Terms:
| ParameterValue | |
| Term | 2 years |
| Minimum amount | €3,000 |
| Interest rate | 2.75% per annum |
| Minimum for foreign nationals | €30,000 |
Special Features:
- No replenishment or partial withdrawals allowed
- Early termination leads to recalculated interest
- Interest is paid only at the end of the term
3. Armeconombank – Classic Deposit
Key Terms:
| ParameterValue | |
| Term | 2–3 years |
| Minimum amount | €200 |
| Interest rate | 2.75% per annum |
Special Features:
- Replenishment allowed, but no partial withdrawals or early termination with full interest retention
- Interest paid at maturity only
- Comes with a free ArCa Classic card
- For deposits equivalent to 300,000 AMD, clients can choose a free Mastercard, Mastercard Gold, VISA Classic, or VISA Gold
4. ArmSwissBank – Standard Term Deposit
Key Terms:
| ParameterValue | |
| Term | 2–3 years |
| Minimum amount | €20,000 |
| Interest rate | 2.75% per annum |
Special Features:
- No replenishment or partial withdrawals allowed
- Interest recalculated if closed early
- Only service available to new clients
- To access other services, the client must first open a deposit
Conclusion
If you're looking for the most profitable euro deposit, Evocabank stands out with the highest rate and the most flexible conditions — online setup, top-up options, and a bonus rate for longer terms.
Byblos Bank Armenia, Armeconombank, and ArmSwissBank follow closely behind with the same interest rate of 2.75%, but they differ in minimum deposit amounts, accessibility for foreign nationals, and additional benefits.
Want to compare euro or multi-currency deposits? Use AFM’s smart comparison tools and find the offer that truly works for your financial goals.
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