Araratbank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Araratbank pays a headline rate of 4.5% to 9.5% on fixed deposits, well above the savings median of 3.06%, and it suits savers with a lump sum who can leave it untouched. The account sits with the Central Bank of Armenia as regulator, so the money stays a bank deposit rather than an investment.
Key facts
- Best for
- A lump sum you can leave untouched for the whole term.
- Headline rate
- 4.5% to 9.5%↗
- Rate type
- Fixed↗
- Term
- 1.5 to 36 months↗
- Minimum deposit
- AMD 100,000↗
- Access terms
- 45-1095 days; interest paid monthly, quarterly or at end of term; early claim accrues 0.1% p.a.↗
- Account kind
- Fixed↗
- Legal entity
- ARARATBANK OJSC↗
- Headquarters
- Armenia↗
- Founded
- 1991↗
- Support channels
- Phone, Email↗
- Pricing model
- Fixed rate
- Official website
- araratbank.am
Loans
- APR
- 14.5%↗
- Loan amount
- AMD 100,000,000↗
- Arrangement fee
- 0 - no commission or service fee charged for AraratFix↗
- Credit check
- Hard↗
- Funding time
- Loan disbursed within 15 business days of submitting all required documents↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Origination fee (%)
- 0%↗
- Loan types
- Personal, Secured, Car, Student↗
- Features
- Credit line
Mortgages
- Initial rate
- 12.25%↗
- APRC
- 12.4% to 13.53%↗
- Fixed period
- 3 years↗
- Maximum loan to value
- 80%↗
- Purpose
- Purchase, Remortgage↗
Facts checked September 26, 2026, 8 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Headline rate of 4.5% to 9.5% clears both the 3.06% savings median and the 4.5% upper quartile.
- A fixed deposit at a fixed rate holds the return for 1.5 to 36 once it opens.
- Interest can arrive monthly, quarterly or at the end of the term, so the account pays along the way as well as at maturity.
Cons
- A minimum deposit of AMD 100,000 puts the account out of reach for anyone setting aside small amounts each month.
- Support runs on phone and email only, with no chat or branch service listed.
- An early claim pays a token rate, so the deposit only works for money that can stay put.
Who it suits
- Savers in Armenia with a lump sum to place and leave, content with a bank deposit rather than a bunq balance.
- Anyone rate shopping: the 4.5% to 9.5% band is above the 3.29% at Wise and the 3.01% at bunq.
- Savers who want paid interest during the term, since interest can arrive monthly, quarterly or at maturity.
Who should look elsewhere
- Finteres, whose headline rate of 0% to 36% starts well below the Araratbank band, if you would chase the top of the range instead.
- bunq, at 3.01%, suits people who want an everyday balance rather than a fixed deposit.
- Anyone who needs the cash back quickly, because an early claim drops the return to a token rate.
Rates and terms
Rates and terms run on a single fixed product: the headline rate is 4.5% to 9.5%, the rate type is fixed and terms run 1.5 to 36. On the lending side the same bank quotes an APR of 14.5% on consumer loans, which is the figure to weigh if you borrow as well as save.
How Araratbank compares
9.2 vs 8.0
9.2 vs 9.4
9.2 vs 9.4
9.2 vs 8.5
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 8.9
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9.2 vs 9.3
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0- 9.2 vs 8.0
9.2 vs 9.0
9.2 vs 8.6
9.2 vs 8.3
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9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
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9.2 vs 8.9- 9.2 vs 8.9
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9.2 vs 8.4- 9.2 vs 8.0
9.2 vs 9.0
Where Araratbank is available
- Available
- Armenia
- Licence in Armenia
- Central Bank of Armenia, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does Araratbank pay and is it fixed?+
Araratbank quotes a headline rate of 4.5% to 9.5% on a fixed deposit. The account is fixed, so the return is set when the deposit opens rather than moving with the market. That sits well above the 3.06% median for savings listings.
How long do I have to leave the money in?+
You choose terms of 1.5 to 36, from a short deposit to a longer one, and interest is paid monthly, quarterly or at the end of the term. Longer terms hold the fixed rate for longer, so the choice comes down to how long you can leave the balance alone.
How much do I need to open the account?+
The minimum deposit is AMD 100,000, which is a real lump sum rather than a small starting balance. That is well above the €0.17 median for savings listings, so the product is aimed at savers who already hold a meaningful amount.
Can I take the money out early?+
You can claim before the term ends, but the early claim rate sits far below the headline rate of 4.5% to 9.5%. On a fixed deposit the balance is expected to stay put, so an early exit is a decision made in a hurry and it shows in the return.
Who regulates the bank?+
Araratbank is regulated by the Central Bank of Armenia, and the account is held under ARARATBANK OJSC. The money sits as a bank deposit, not as an investment, so returns follow the fixed rate rather than market movements, and the balance is a claim on the bank.
What fees apply?+
No fee is listed against the fixed deposit itself. On the consumer loan side the arrangement fee is 0 - no commission or service fee charged for AraratFix, and the percentage fee is free, so the cost of borrowing sits in the 14.5% rather than in upfront charges.
How do I get help?+
Contact runs through phone and email. There is no chat or branch service listed in the account details, so a question about an early claim or a payment date is handled by phone or email rather than in person, which is enough for routine questions about terms.
Is this an investment or trading app?+
It is a bank deposit account rather than a trading platform, so the balance carries no market exposure of the kind retail investors bear, where the typical retail loss share is 70.15%. Your return is the fixed rate, not a trading gain or loss.
Sources
- araratbank.am/en checked September 26, 2026
Backs: Features
“- Overdrafts/Credit lines ... Credit Line for Current Borrowers New”
- araratbank.am/en/account-service/43 checked September 26, 2026
Backs: Legal entity
“In case of submitting the application by electronic or postal transfer to ARARATBANK OJSC account number 1510002499969967”
- araratbank.am/en/bank-details checked September 26, 2026
Backs: Founded
“Registration certificate N 4, registration date 20.09.1991”
- araratbank.am/en/consumer-loans checked September 26, 2026
Backs: Loan amount, APR, Loan types, Arrangement fee, Origination fee (%)
“AraratFix Starting from 14.5%, up to 100,000,000 AMD, without commissions and service fees”
- araratbank.am/en/consumer-loans/267 checked September 26, 2026
Backs: Credit check, Free early repayment, Funding time, Lender type
“the number of days overdue within the last 24 months exceeds 45 days, of which 30 days are overdue within the last 12 months, and the current liability risk class is other than standard”
- araratbank.am/en/contact-us checked September 26, 2026
Backs: Headquarters, Support channels
“Buzand St., bldg. 87, prem.85, 0002 Yerevan, Armenia”
- araratbank.am/en/deposits/46 checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type, Term
“Where the depositor claims the deposit amount earlier than stipulated by the agreement, an interest rate of 0.1% shall be accrued annually”
- araratbank.am/en/regulation checked September 26, 2026
Backs: Licences
- araratbank.am/hy/hipoteqayin-varker/281 checked September 26, 2026
Backs: Purpose
“ARARAT PARK residential complex mortgage: loan purpose - purchase of a home; site menu also lists mortgage refinancing at Araratbank”
- araratbank.am/hy/hipoteqayin-varker/36 checked September 26, 2026
Backs: APRC, Fixed period, Initial rate, Maximum loan to value
“Annual effective interest rate 12.40-13.53% (mortgage refinancing at Araratbank)”
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.