Unibank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Unibank suits savers with drams to lock away who want a high fixed return and no monthly charge. Its 9.7% deposit rate sits well above the 3.08% median, and the account carries a monthly fee of AMD 0.
Key facts
- Best for
- Locking drams into a fixed deposit at a rate well above the savings median, with no monthly charge.
- Headline rate
- 9.7%↗
- Rate type
- Fixed↗
- Term
- 1 to 24 months↗
- Minimum deposit
- AMD 100,000↗
- Monthly fee
- AMD 0↗
- Account kind
- Fixed↗
- Legal entity
- Unibank OJSC↗
- Headquarters
- Armenia↗
- Support channels
- Phone, Community↗
- Pricing model
- No monthly fee, Fixed rate
- Official website
- unibank.am
Money transfer
- Transfer fee
- UBPay: 0% for same-currency transfers, 1-2.2% of the amount sent for cross-currency transfers↗
- Delivery time
- Same day for AMD transfers submitted before 15:00; within 1-2 banking days for SWIFT currency transfers↗
- Payout methods
- Bank, Cash-pickup, Card↗
- Currencies
- 4↗
- Fee to send 1,000
- AMD 18,000↗
Facts checked September 26, 2026, 6 sources
Pros and cons
Pros
- The fixed deposit pays 9.7%, well clear of the 3.08% median for savings accounts on the site.
- The monthly fee is AMD 0, so the cost of holding the account does not eat into the interest.
- Terms run 1 to 24, so a saver can match the length to the money rather than lock everything at once.
- It is supervised in its home market by the Central Bank of Armenia, so deposits sit with a regulated bank rather than an offshore entity.
- For comparison, Plazo ES advertises 24.19% and AXI Card 21.59%, both under a payment institution licence rather than a bank one.
Cons
- The minimum deposit is AMD 100,000, which is a real barrier for anyone saving in small monthly sums.
- The account is a fixed deposit of fixed kind, so the money is committed for 1 to 24 and cannot be freed early on demand.
- Support runs on phone and community only, so there is no written help centre or live chat to fall back on when a payment question needs a document.
- The rate sits at 44 out of 473 brands on headline rate, which shows a strong rate but not the highest available anywhere.
Who it suits
- Savers in Armenia who already hold drams and can fund the minimum deposit in one go
- Anyone comparing fixed deposits against the savings median and wants a rate near the top of the list
- People who send or receive transfers in a small set of currencies and value same day delivery
Who should look elsewhere
- Savers who want to add to the account in small amounts, because the minimum deposit is AMD 100,000
- Readers who need written help centre or live chat support, since support runs on phone and community
- People shopping purely on headline rate, since Plazo ES and AXI Card advertise higher figures on 24.19% and 21.59%
Access to your money
Unibank runs a fixed deposit, and the rate type is fixed. Term length runs 1 to 24, so the saver picks how long the money stays put. That is a shorter maximum than the 60 month ceiling seen across the wider site, which matters for anyone who wants to commit for only part of their savings. The trade off is clear: the fixed rate is the reason to open the account, and giving up access before the term ends is the price of it.
Rates and terms
The headline deposit rate is 9.7% on a fixed basis, held for 1 to 24. Compare that with the 3.08% median and the 4.5% upper quartile across savings accounts listed on the site, and the rate sits in the upper part of the field. The rank is 44 out of 473 brands on headline rate. Most savings accounts on the site are variable, so a fixed product at this level is a different kind of deal from the norm.
Fees and currency costs
The monthly fee is AMD 0, which matches the €0 median for the site but sits under the €449 top figure seen across the brands. The minimum deposit is AMD 100,000, above the €0 lower quartile and above the €0.17 median for savings accounts. Money transfers run across 4 currencies, and UBPay charges nothing for same currency transfers while taking a percentage of the amount sent for cross currency ones. A transfer fee of AMD 18,000 applies on the standard transfer route.
Who runs it
The provider is Unibank OJSC, headquartered in Armenia. It is supervised by the Central Bank of Armenia, so the deposits sit with a domestically regulated bank. Customer contact runs on phone and community, which means a phone line and a community channel rather than a written help centre or live chat. Payouts on transfers can go to a bank account, as cash pickup or to a card, according to bank, cash pickup and card.
How Unibank compares
Where Unibank 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 Unibank pay on a fixed deposit?+
The headline deposit rate is 9.7% and the rate type is fixed. The median across savings accounts on the site is 3.08%, and Unibank ranks 44 out of 473 brands on headline rate. The account also carries a monthly fee of AMD 0.
How much do I need to put in to open the account?+
The minimum deposit is AMD 100,000, which is above the €0.17 median and the €0 lower quartile for savings accounts on the site. Anyone building a balance gradually will find the threshold the main obstacle, since it has to be met when the deposit is opened.
How long do I have to leave the money in?+
Terms run 1 to 24, so the length is a choice within that range rather than a single fixed period. The site wide maximum is 60 months, so Unibank's ceiling is shorter than the longest product listed. Because the account is a fixed deposit, the money is committed for the term chosen.
Is there a monthly charge on the account?+
The monthly fee is AMD 0, so the account is free to hold. That matches the €0 median across the site and sits at the bottom of a range that reaches €449. The cost that matters more for this product is the minimum deposit of AMD 100,000, which is locked away for the term.
What are the fees for sending money with Unibank?+
UBPay charges nothing for same currency transfers and takes a percentage of the amount sent on cross currency transfers, according to the published transfer fee. A transfer fee of AMD 18,000 applies on the standard transfer route. Transfers cover 4 currencies, with the same day cut off for local transfers.
How quickly do transfers arrive?+
Local transfers submitted before the cut off arrive the same day, and SWIFT currency transfers take one to two banking days. Payments can be collected as a bank transfer, as cash pickup or to a card, based on bank, cash pickup and card. The same day window applies to domestic transfers, so timing depends on the cut off rather than on the payout method.
Who regulates Unibank and is my deposit protected?+
Unibank is Unibank OJSC, based in Armenia, and it is supervised by the Central Bank of Armenia. That means the deposit sits with a locally regulated bank rather than an offshore or unregulated provider. The licensing and the deposit terms are separate, so read the account terms alongside the banking licence.
How do I get help from Unibank?+
Support runs on phone and community, which is a phone line plus a community channel. There is no written help centre or live chat listed, so complex questions about a transfer or a maturing deposit may need a phone call. For reference, a help centre is offered by 86.1% share of brands on the site, and chat by 40%.
Who is this fixed deposit for?+
It fits savers who already hold drams, can meet the minimum deposit of AMD 100,000 at once, and want a fixed rate of 9.7% held for 1 to 24. It suits people who want the return locked rather than chasing a variable balance, and who are comfortable not touching the money until the term ends.
Sources
- cba.am checked September 26, 2026
Backs: Licences
- unibank.am checked September 26, 2026
Backs: Account kind, Pricing model, Monthly fee, Rate type, Term
“Deposit term: Minimum: 30 days, Maximum: 730 days”
- unibank.am/en/service/rates checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“1-5, No 53, 12 Charents Str., Yerevan, 0025”
- unibank.am/hy/deposit checked September 26, 2026
Backs: Headline rate, Minimum deposit
“Deposit "Classic": deposit with a high rate of up to 9.7% annual interest rate for AMD and 4.25% annual interest rate for USD”
- unibank.am/hy/service/money-transfer checked September 26, 2026
Backs: Currencies, Payout methods
“Transfer sending currency: AMD, US dollar, euro, Russian ruble”
- unibank.am/hy/service/money-transfer/ubpay-rates.php checked September 26, 2026
Backs: Transfer fee
“Customer intermediary fee: 1% (Armenia), 1.50% (Hungary), 1.50% (Cyprus), 2.20% (Israel), 1.80% (Kazakhstan), 2.00% (Uzbekistan), 1% (Russia) via KWIKPAY; the fee for currency transfers is 0%”
- unibank.am/hy/service/rates/6276 checked September 26, 2026
Backs: Delivery time, Fee to send 1,000
“1.1.3 Transfers from the customer's bank account submitted before 15:00 and executed with a same-day value date; 2.1.1 Transfers from USD accounts within 2 banking days; 2.1.9 Transfers from USD...”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.
Related by the facts
Unibank
Locking drams into a fixed deposit at a rate well above the savings median, with no monthly charge.