Euro Deposits in Armenia: Where to Find the Best Rates?

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:

Special Features:

1. The deposit is available exclusively online — via EvocaTOUCH and EvocaONLINE
2. Can be replenished up to the original deposit amount
3. No partial withdrawals allowed
4. Early closure retains only part of accrued interest
5. For terms longer than 1 year, the rate increases by 0.25%

2. Byblos Bank Armenia – Term Deposit

Key Terms:

Special Features:

1. No replenishment or partial withdrawals allowed
2. Early termination leads to recalculated interest
3. Interest is paid only at the end of the term

3. Armeconombank – Classic Deposit

Key Terms:

Special Features:

1. Replenishment allowed, but no partial withdrawals or early termination with full interest retention
2. Interest paid at maturity only
3. Comes with a free ArCa Classic card
4. 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:

Special Features:

1. No replenishment or partial withdrawals allowed
2. Interest recalculated if closed early
3. Only service available to new clients
4. 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.