Open InecoSave saving account with Inecobank

Open InecoSave savings account with Inecobank

With "InecoSave" you can replenish and withdraw money from your savings account whenever you want, at the same time during withdrawal the accrued interest is preserved. It is easy to save with us!

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About Account Terms & Conditions ADDITIONAL DOCUMENTS

Customer group

Individuals with a current account in the bank

Account currency

֏ $ € ₽

Account opening and service fee

No Fee

Transfer from savings account to other accounts of the customer

No Fee

Minimum score for account opening/replenishment

Not defined

Account minimum balance

Not defined

Minimum amount of account transactions

Not defined

Types and limitations of possible operations with the account

Account replenishment

cash in
transfers from other accounts

Withdrawal from the account

At bank branches, via Ineco Mobile or Ineco Online systems, transfers can be made to a customer’s current or card accounts held at Inecobank CJSC.
If carried out through the Ineco app, there are no limitations.

Annual nominal interest rate

֏ 50,000 - 1,000,000 - 3.5%
֏ 1,000,001 - 5,000,000 - 4%
֏ 5,000,001 and more - 4.5%

$ Up to 5,000 - 0.2%
$ 5,001 - 50,000 - 0.6%
$ 50,001 and above - 1%

€,₽ 0.1%

Annual percentage yield

֏ 3.59 - 4.64%

$ 0.2 - 1%

€,₽ 0.1%

Interest calculation terms and frequency

Interest is calculated daily for the balance on the given day
if the account balance of the given day is less than 50 000 AMD | 50 USD | 50 Euro | 3 000 RUB, then the interest is not calculated for that day
if the account balance of the given day exceeds 130 000 000 AMD | 250 000 USD | 250 000 EURO | 20 mln RUB, then the interest for that day is calculated for 130 000 000 AMD | 250 000 USD | 250 000 EURO | 20 mln RUB

Interest Payment

The calculated interest is paid at the end of each month, on the 1st day of the following month (e.g., January 1st, February 1st, etc.), and is capitalized to the savings account balance. If the payment day falls on a non-working day, the interest is paid on the next business day. If the account is closed before the end of the month, no interest is paid.

ATTENTION!

THE INTEREST FOR FUNDS AVAILABLE ON YOUR ACCOUNT IS CALCULATED BASED ON THE NOMINAL INTEREST RATE. AND THE ANNUAL PERCENTAGE YIELD SHOWS HOW MUCH INCOME YOU WILL RECEIVE BY MAKING MANDATORY DEPOSIT PAYMENTS AND WHEN RECEIVING THE INTEREST EARNED AT A DEFINED PERIODICITY. THE FORMULA DEFINED BY REGULATION 8/02 OF THE RA CBA ON "CALCULATION OF THE ANNUAL PERCENTAGE YIELD OF BANK DEPOSITS" IS ACCEPTED FOR THE CALCULATION OF THE ANNUAL PERCENTAGE YIELD OF THE DEPOSIT.

Example of interest calculation: (in the given example, the funds are invested on 01.10.2020, and are not withdrawn during the deposit term). A 10% income tax is deducted from the interest payable.

Invested funds (AMD)	93rd day 3.5%	183rd day 3.5%	274th day 3.5%	366th day 3.5%
100,000	100,794	101,577	102,375	103,187
500,000	503,970	507,884	511,873	515,937
1,000,000	1,007,940	1,015,769	1,023,746	1,031,874

Other terms

Your financial directory

“YOUR FINANCIAL DIRECTORY” www.fininfօ.am, IS AN ELECTRONIC SEARCH AND COMPARISON SYSTEM FOR SERVICES OFFERED TO CUSTOMERS TO EASE THE PROCESS OF MAKING THE MOST EFFECTIVE OPTION FOR YOU.

Communication with the Bank

YOU HAVE THE RIGHT TO COMMUNICATE WITH INECOBANK CJSC IN A WAY YOU PREFER, BY POST OR ELECTRONICALLY. TO GET INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT WAY. IT IS AVAILABLE 24/7, HAS NO RISK OF PAPER INFORMATION LOSS AND ENSURES CONFIDENTIALITY.
For the purpose of customer due diligence defined by the RA Law "On Combating Money Laundering and Terrorism Financing", the Bank may request additional documents or other information from the Customer based on the "Know Your Customer" principle, as well as during oral communication it may ask additional questions to the Customer (if there is such a request).
According to the agreement signed with the USA based on the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine whether the Customer is a US taxpayer or not

General provisions

The bank has the right to unilaterally change the amount of interest calculated on the savings account by notifying the customer at least 15 days before the changes enter into force, unless otherwise stipulated by the application/agreement.
Savings account is for saving and accumulating money. The Bank has the right not to pay interest for the balance of the savings account if the given amount has not remained on the customer's account in the Bank for at least 24 hours. In case the Customer uses the savings account unscrupulously, regularly violating its purpose, the Bank has the right not to pay the interest provided by the service tariffs, or to unilaterally close the Customer's Account by notifying the Customer of it in accordance with the RA legislation.
Funds received from the third parties may also be credited to the replenishable Deposit account in the Customer’s name, indicating the account number of the latter’s Deposit account, unless otherwise stipulated by the Bank.
Interest rate of the "Demand" deposit may be revised by the Bank due to changes in market interest rates. The interests paid or accrued before the change of interest rate shall not be recalculated
Accounts are opened for an indefinite period.
Issuance of account statement and the statement duplicate is carried out according to the tariffs of the respective tariff plan/package.
Bank accounts are closed free of charge if there are no restrictions.
Commissions subject to VAT taxation shall be VAT inclusive.

Procedure of settlement of disputes arising from the deposit agreement

Disputes and disagreements between the Parties during the validity of the Deposit agreement shall be settled through negotiations. In case of no agreement through negotiations, the disputes shall be settled in accordance with the RA legislation.
The Customer can submit the complaint (except for the complaint-request) and the application to the Bank in person (by handing the letter at the Bank's location), by post (by sending the letter to the address of the Bank's Central office), through the appeal application on the Bank's official website, by phone (by calling the Bank’s Contact Center) or through other remote communication channels of the Bank (by e-mail, InecoOnline/Mobile systems, through social networks, etc). The complaint-request is submitted to the Bank in writing, in person, by mail or through the appeal application posted on the Bank's official website.
The Bank makes a decision on the complaint (to satisfy, partially satisfy, reject) within 10 working days.
The Customer has the right to submit the complaint-requests arising between the Bank and the Customer to the Financial System Mediator.

Updated as of 16.07.2026 10:46