AFM Best Deposit Rates Ranking: Armenian Banks Offer Up to 10.25% APY in January 2026

The AFM team has completed its analysis of official banking tariffs in Armenia, forming a comprehensive ranking of 1-year fixed-term deposits. As of January 2026, maximum yields for AMD-denominated deposits have reached 10.25% per annum, while USD and EUR deposits offer up to 5.75% and 1.75% respectively.

AMIO Bank emerged as the market leader for both local and foreign currency, offering up to 10.25% in AMD and 5.75% in USD for 12-month placements without top-up options.

Competitive rates of up to 10% APY in AMD are also provided by Byblos Bank Armenia, Artsakhbank, Converse Bank, Unibank, and Inecobank.

In the foreign currency segment, major players are maintaining a yield range of 4.5–5.75% for USD and up to 1.75% for EUR.

A detailed comparison of deposits categorized by bank, currency, interest payment terms, and minimum or maximum balance requirements alongside expert insights on placement strategies and FAQs, is available in the full AFM analytical article.

All listed deposits are covered by the national deposit insurance system. Furthermore, interest rates are locked at the time of account opening and cannot be adjusted unilaterally by the bank during the term.

The AFM platform updates all banking rates and conditions every 24 hours based on official data to ensure real-time accuracy for borrowers and depositors alike.