Araratbank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Araratbank is an Armenia-based bank aimed at expats and run as a digital-only service under the Central Bank of Armenia, and its fixed deposit is the draw: rates of 4.5% to 9.5% on terms of 1.5 to 36. It suits savers with a large balance who can leave the money locked for a while.
Key facts
- Best for
- Savers in Armenia with a large balance who can tie the money up in a fixed deposit.
- Monthly fee
- AMD 0 to AMD 5,000↗
- Currency conversion fee
- 1% to 10%↗
- Currencies
- 10↗
- Transfer fee
- 0.1% (min 5,000 AMD, max 20,000 AMD)↗
- Legal entity
- ARARATBANK OJSC↗
- Headquarters
- Armenia↗
- Founded
- 1991↗
- Support channels
- Email, Phone↗
- Audience
- Expats
- Pricing model
- Fixed rate
- Features
- Digital-only
- Official website
- araratbank.am
Savings
Money transfer
- Payout methods
- Card↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Fixed deposits pay 4.5% to 9.5% on terms of 1.5 to 36, with interest paid monthly, quarterly or at the end of the term.
- The monthly fee runs AMD 0 to AMD 5,000 on the everyday account, so it can cost nothing at all.
- A Central Bank of Armenia licence, number 4, puts the money with a bank rather than an e-money wallet.
- You can hold 10 currencies, above the site median of 5.
Cons
- Conversion costs 1% to 10%, and every transfer adds 0.1% (min 5,000 AMD, max 20,000 AMD) on top.
- The fixed deposit asks for AMD 100,000, far above the site median of €0.11.
- Support runs on email and phone only, so there is no live chat.
Who it suits
- Expats living in Armenia who want a local bank account and a fixed deposit in one place.
- Customers with a large lump sum who can leave it locked for a term of 1.5 to 36.
- People happy to run the whole account digitally, since the service is digital only.
Who should look elsewhere
- PayPal Colombia, whose monthly fee is $0, if you would rather hold a wallet balance than a bank deposit.
- Skrill, whose monthly fee is €0, if an e-money account suits you better than fixed-rate interest.
- eToro, whose monthly fee is £0, if a AMD 100,000 minimum deposit is more than you want to commit.
The company behind it
Araratbank trades as ARARATBANK OJSC, is headquartered in Armenia and was founded in 1991. It holds a Central Bank of Armenia licence, number 4, so deposits sit with a licensed bank rather than an e-money wallet. Support runs on email and phone, which covers phone and email for account questions.
How Araratbank compares
9.1 vs 8.7
9.1 vs 8.6
9.1 vs 8.0
9.1 vs 8.9eToro charges a monthly fee of £0, worth weighing if a AMD 100,000 minimum is more than you want to commit.
9.1 vs 9.1
9.1 vs 9.2
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 9.0Skrill's monthly fee is €0, which fits people who move money often rather than lock it into a term.
9.1 vs 8.7
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.9- 9.1 vs 8.9
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.1- 9.1 vs 8.1
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 9.1
Where Araratbank is available
- Available
- Armenia
- Licence in Armenia
- Central Bank of Armenia (4), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does it cost to keep an account?+
The monthly fee runs AMD 0 to AMD 5,000, so the everyday account can be free for some customers and priced higher for others. Converting money costs 1% to 10%, and each transfer carries 0.1% (min 5,000 AMD, max 20,000 AMD). The site median for a monthly fee is €0.
Who regulates Araratbank?+
Araratbank trades as ARARATBANK OJSC and is headquartered in Armenia. It holds a Central Bank of Armenia licence, number 4, so deposits sit with a licensed bank rather than an e-money wallet or payment institution. The bank has been running since 1991.
What rate does the fixed deposit pay?+
The deposit pays 4.5% to 9.5% on a fixed rate, and it counts as a fixed account, so the return is locked in for the whole term. The site median for a headline rate is 3%, which puts this well above the middle of the market.
How long do I have to lock the money?+
Terms run 1.5 to 36, and this is a fixed rate product built for a fixed window rather than instant access. Interest is paid monthly, quarterly or at the end of the term. If you claim early the bank credits a token rate, so treat the money as tied up for the period.
What is the minimum deposit?+
The fixed deposit asks for AMD 100,000, well above the site median of €0.11 and close to the site maximum of €100,000. That figure applies to the deposit only, not to opening or running the everyday account.
How many currencies can I hold?+
You can hold 10 currencies, above the site median of 5 and the 9 median for everyday accounts. Conversion is charged at 1% to 10%, well above the 0.5% site median, so frequent switching is costly.
Who is this account for?+
The listed audience is expats, and the service is digital only, so it fits people living or working in Armenia who bank entirely through an app. It also suits customers with a large lump sum and enough patience to hold a fixed deposit for a term of 1.5 to 36.
Sources
- araratbank.am checked September 26, 2026
Backs: Licences
- araratbank.am/en checked September 26, 2026
Backs: Currencies
“AMD, USD, EUR, RUB, GBP, CHF, GEL, CAD, AUD, AED, CNY”
- araratbank.am/en/our-history-and-mission checked September 26, 2026
Backs: Features, Founded, Legal entity
“AraratMobile app was launched in 2017”
- araratbank.am/en/account-service/43 checked September 26, 2026
Backs: Audience, Currency conversion fee, Monthly fee, Transfer fee
“Foreign citizens: AMD 5,000 annually”
- araratbank.am/en/contact-us checked September 26, 2026
Backs: Headquarters, Support channels
“Buzand St., bldg. 87, prem.85, 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/transfers checked September 26, 2026
Backs: Payout methods
“To card money transfers”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection.
Related by the facts
Araratbank
Savers in Armenia with a large balance who can tie the money up in a fixed deposit.