AFM Best Deposit Rates Ranking: Armenian Banks Offer Up to 10% 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% per annum, while USD and EUR deposits offer up to 5% and 2.5% respectively.

The market leaders for AMD deposit yields are AMIO Bank, Byblos Bank Armenia, and Artsakhbank, offering up to 10% per annum for 1-year terms without the option for top-ups.

For USD-denominated deposits, AMIO Bank provides the maximum rate of up to 5% per annum, while other major banks maintain yields within the 4.25–4.75% range.

In the EUR segment, Araratbank offers the highest yield for approximately 1-year terms at up to 2.5% per annum, whereas most other banks offer rates between 2% and 2.25%.

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.