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Join more than 100 million HSBC customers in the world, who trust more than 1.2 trillion US dollars as Deposits with HSBC. HSBC offers deposits with overdraft facility as well as with Interim interest. You can choose the type of the deposit, as well as Renew/prolong principal amounts for your preferred term, or change interest payment types as you wish.
Type of Time Deposits
1. Standard Time Deposit
- Productive placement of your free funds
- Additional income
- Possibility to choose the currency of deposit
- Possibility to set your preferred maturity instructions
2. Smart Money Time Deposits
- Productive placement of your free funds
- Additional income
- Possibility to choose the currency of deposit
- Possibility to set your preferred maturity instructions
- Availability of overdraft facility in AMD (up to 80% of your TMD principle amount)
3. Term Deposit with Interim Interest
- Productive placement of your free funds
- Additional income
- Possibility to choose the currency of deposit
- Possibility to set your preferred maturity instructions
- Possibility of receiving interim interest amounts during the Time Deposit period
Account opening
- Time deposit account opening fee - free
- Time deposit account can be opened, only if AMD savings/current account already exists.
Minimum deposit
- AMD 100,000
- USD 500
- EUR 500
Time Deposit Rates
Annual rates (%) for deposits
| Weeks | Months | |||||||||||
| 1 | 2 | 3 | 1 | 3 | 6 | 9 | 12 | 15 | 18 | 24 | 36 | |
| AMD | 1.00 | 1.50 | 2.00 | 4.50 | 6.00 | 7.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| USD | 0.25 | 0.50 | 0.50 | 1.00 | 1.50 | 2.50 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| EUR | 0.10 | 0.10 | 0.10 | 0.10 | 0.25 | 0.25 | 0.25 | 0.25 | ||||
| Weeks | Months | |||||||||||
| 1 | 2 | 3 | 1 | 3 | 6 | 9 | 12 | 15 | 18 | 24 | 36 | |
| Annual percentage yield, where interest amount is paid at the end of the period | ||||||||||||
| AMD | 1.00 | 1.51 | 2.02 | 4.59 | 6.14 | 7.12 | 8.08 | 9.00 | 8.90 | 8.81 | 8.63 | 8.29 |
| USD | 0.25 | 0.50 | 0.50 | 1.00 | 1.51 | 2.52 | 3.01 | 3.00 | 2.99 | 2.98 | 2.96 | 2.91 |
| EUR | 0.10 | 0.10 | 0.10 | 0.10 | 0.25 | 0.25 | 0.25 | 0.25 | ||||
| Annual percentage yield, with interim (monthly) interest amount payment | ||||||||||||
| AMD | 6.17 | 7.23 | 8.30 | 9.38 | 9.38 | 9.38 | 9.38 | 9.38 | ||||
| USD | 1.51 | 2.53 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | ||||
| EUR | 0.25 | 0.25 | 0.25 | 0.25 | ||||||||
The above rates are annual and are effective from 09/01/2012
The interests on the amounts available on your account are being calculated based on the nominal rate, and the annual percentage yield indicates what would be your income in case the interests of your time deposit are reinvested in a new time deposit. The annual percentage yield is being calculated based on the formula below:
where:
- A – is the initial deposit amount.
- n – is the consecutive number of the time deposit related monetary flows.
- N – is the last number of the time deposit related monetary flows (including the monetary flow at the moment the time deposit started), after which the time deposit agreement term is being considered as expired.
- Kn – the flows of the time deposit invested at the moment of time deposit opening and/or during the operation of it, as well as the flows of the capitalised interests, and, if available, of the mandatory fees.
- Dn – is the number that indicates how many days are passed from the moment the time deposit has been opened till the time deposit related monetary flows are being done, including the consecutive n-th one. In case the monetary flows are at the moment of time deposit opening, D1 = 0.
