The Best Euro Deposits in Armenia in Autumn 2025

Autumn 2025 has become a favorable time to place deposits in euros. After a period of currency market fluctuations, the euro exchange rate has stabilized, and several Armenian banks have raised their rates on foreign currency deposits – now reaching up to 5% per annum. This allows savers not only to preserve their funds in a stable currency but also to earn additional income with minimal exchange rate risks.

You can explore all deposit options in Armenia and find the most suitable one for your needs directly on AFM’s Deposits page. Use filters to compare interest rates, terms, and conditions in different currencies.

How to Choose a Euro Deposit: Key Criterias

Top 10 Euro Deposits in Armenia with the Highest Rates in Autumn 2025

The average euro deposit yield in Armenia ranges between 1.8% and 2.5% per annum. However, some banks offer significantly higher returns – up to 5%, making them especially appealing for those seeking maximum income while maintaining reliability.

Fast Bank leads the market with a rate of 5% per annum. It is also one of the few banks offering a replenishable deposit, making it an ideal option for customers who prefer to increase their savings gradually.

Top 10 Euro Deposits in Armenia with Terms up to 1 Year in Autumn 2025

The average return on short-term euro deposits in Armenian banks remains around 2–2.3% per annum.

However, some banks stand out by offering significantly higher rates – up to 5% for deposits with terms of up to 12 months.

Fast Bank clearly leads the short-term euro deposit segment.Its replenishable deposit with a 5% annual rate offers real income growth even over a 12-month term. If you are looking to place your euros with minimal risk while maintaining liquidity, these options help you find the right balance between yield and reliability.

Example: Euro Deposit Income Calculation

If you place €10,000 for 12 months in Fast Bank at 5% per annum:

1. Gross income: €10,000 × 5% = €500
2. After 10% tax: €450 net profit
3. Total amount after 1 year: €10,450

You can check how much this equals in Armenian drams using the Exchange Rates section on AFM, where the euro exchange rate is updated daily.

Deposit Safety Guarantee

All euro deposits opened in Armenian banks are insured by the Deposit Guarantee Fund. In case a bank’s license is revoked or the institution goes bankrupt, each depositor is compensated up to 7 million AMD, calculated at the exchange rate on the date of the incident.

The guarantee applies individually to each depositor, regardless of how many accounts they hold or in which currency.

FAQ

Which banks offer the highest euro deposit rates?

Among short-term deposits, Fast Bank leads with an interest rate of 5% per annum, well above the market average. Competitive options are also available at AraratBank (2.5%), AMIO Bank, Evocabank, ArmSwissBank, and Armeconombank, with rates around 2–2.25%.

Can I open a euro deposit online?

Yes. Online deposits are available at Fast Bank, Evocabank, Inecobank, and AMIO Bank. The process takes just a few minutes through a mobile app or internet banking.

Is euro deposit income taxed?

Yes. A standard 10% tax applies to interest income. It is automatically withheld by the bank, so depositors don’t need to file or pay anything manually.

Which is more profitable – a euro or dollar deposit?

If your goal is to preserve capital in a stable EU currency, a euro deposit is the better choice. If you seek maximum yield, dollar deposits currently offer higher rates — up to 6% per annum.

Can non-residents open euro deposits in Armenia?

Yes. Most Armenian banks accept deposits from foreign citizens with just a passport or ID card.

Conclusion

Short-term euro deposits in Armenia in autumn 2025 offer an average return of around 2% per annum, while the most profitable options reach up to 5%.

The most attractive choice remains the replenishable deposit from Fast Bank, combining a high interest rate with flexible placement terms.

AraratBank, AMIO Bank, Evocabank, and Armeconombank also offer reliable programs for those who value stable income and capital preservation in euros.

Compare all available euro deposit offers on AFM, calculate your expected return, and convert the amount into AMD at the current exchange rate – so you can choose the deposit that delivers the highest benefit with minimal risk.