Inecobank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Inecobank CJSC offers a flexible easy-access savings account with a variable rate of 3.59% to 4.64% and no monthly fee. It suits customers who already bank with Inecobank and want to add money or withdraw it without restricting access.
Key facts
- Best for
- Easy-access saving alongside an existing Inecobank current account.
- Headline rate
- 3.59% to 4.64%↗
- Rate type
- Variable↗
- Access terms
- Replenish and withdraw at any time; interest paid monthly and capitalized to the savings balance, accrued interest preserved on withdrawal; requires a current account with the bank↗
- Monthly fee
- AMD 0↗
- Account kind
- Easy access↗
- Legal entity
- Inecobank CJSC↗
- Headquarters
- Armenia↗
- Founded
- 1996↗
- Support channels
- Phone, Email, Help-centre, Community↗
- Pricing model
- No monthly fee
- Official website
- inecobank.am
Credit cards
Loans
Mortgages
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Easy-access customers can replenish or withdraw at any time.
- The savings account has a variable rate of 3.59% to 4.64%.
- There is no monthly fee for the savings account.
- Interest is paid monthly and added to the savings balance.
Cons
- The savings rate is variable, so it may change: variable.
- A current account with Inecobank is required to use the savings account.
Who it suits
- Existing Inecobank current-account customers who want convenient access to savings.
- Customers who can add money or withdraw funds without following a fixed access term.
Who should look elsewhere
- Wise, Wise and bunq customers seeking a saving outside Inecobank's current-account relationship.
- Finteres customers whose preferred rate range differs from Inecobank's 3.59% to 4.64%.
Rates and terms
Inecobank CJSC's easy-access savings account pays a variable headline rate of 3.59% to 4.64%. Customers can replenish or withdraw at any time, while interest is paid monthly and capitalised into the savings balance. Accrued interest remains preserved after withdrawal. Separate consumer borrowing has an APR of 13.8% to 23.69%.
How Inecobank compares
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9.3 vs 9.0
Where Inecobank 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 the Inecobank easy-access savings account pay?+
The account pays a variable headline rate of 3.59% to 4.64%. Its rate can change, so savers should check the current rate before depositing funds. Variable interest is credited monthly and added to the savings balance.
Can I withdraw money from the savings account at any time?+
Yes. Customers can withdraw whenever needed, making the account an easy-access option. Accrued interest is preserved on withdrawal, while monthly interest already credited remains capitalised to the savings balance.
Is there a monthly fee for the savings account?+
There is no monthly fee for the Inecobank savings account. The account follows a no-monthly-fee model, and the stated monthly fee is AMD 0. Customers may still need a current account with the bank.
Do I need another Inecobank account to save?+
A current account with Inecobank is required for the savings account. The savings product is provided by Inecobank CJSC and is designed to sit alongside the bank's current-account relationship.
How does interest reach my savings balance?+
Interest is paid monthly and capitalised to the savings balance. This means the credited interest becomes part of the balance, while accrued interest is preserved when money is withdrawn.
Who regulates Inecobank in Armenia?+
The Central Bank of Armenia is the regulator for Inecobank in Armenia. The banking entity behind the savings product is Inecobank CJSC, and the bank is based in Armenia.
Does Inecobank also offer borrowing?+
Yes. Inecobank is a direct lender offering personal loans, debt consolidation, credit lines, secured borrowing, car loans and buy-now-pay-later products. The stated APR is 13.8% to 23.69%.
Sources
- afm.am/en/journal/debit-cards/how-to-open-an-inecobank-ca... checked September 26, 2026
Backs: Annual fee, Card kind, Cashback rate, Features, Perks, Rewards rate, Rewards type
“Annual maintenance fees for these cards range from 35,000–70,000 AMD”
- en.wikipedia.org/wiki/InecoBank checked September 26, 2026
Backs: Founded
“established on February 7, 1996”
- inecobank.am checked September 26, 2026
Backs: Headquarters
“Inecobank CJSC head office, 17 Tumanian street, Yerevan”
- inecobank.am/en/consumer/loans checked September 26, 2026
Backs: Loan amount, APR, Funding time, Lender type, Loan types, Use cases
“18 mln ֏ Loan maximum amount”
- inecobank.am/en/Individual/account/inecosave/terms checked September 26, 2026
Backs: Headline rate, Pricing model, Monthly fee, Rate type, Support channels
“Annual percentage yield 3.59 - 4.64% (AMD, InecoSave savings account), updated as of 24.08.2026”
- inecobank.am/en/Individual/accounts/inecosave checked September 26, 2026
Backs: Access terms, Account kind, Legal entity
“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”
- inecobank.am/en/useful-information/regulation checked September 26, 2026
Backs: Licences
- inecobank.am/en/Individual/mortgage-loans checked September 26, 2026
Backs: APRC, Initial rate, Product fee, Purpose
“Mortgage Loan Refinancing Promotion: 12.2%-13% nominal interest rate and a 12.3%-13.6% annual percentage rate”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Minimum deposit, Deposit protection.