How to use the deposit calculator
Enter the initial deposit in Armenian drams, the annual nominal interest rate and the term in months. The calculator estimates simple interest on an unchanged balance, then adds that interest to the initial deposit. It assumes no additional deposits or withdrawals.
Calculation and example
Interest equals the deposit amount multiplied by the annual rate divided by 100, multiplied by the term in months divided by 12. For example, 1,000,000 AMD at an illustrative annual rate of 10% for 12 months earns 100,000 AMD before taxes and fees, giving a gross total of 1,100,000 AMD. This example is not a current bank offer.
Is the result the amount I will receive?
The result is a gross estimate. It excludes tax withholding, fees, currency conversion and early withdrawal adjustments. It does not compound interest: if a bank adds interest to the balance monthly or annually, its result will differ. Confirm the actual payment frequency and net proceeds with the bank.
What if I save a fixed amount every month?
Use the savings goal calculator to model regular contributions, a target amount or a deadline. This deposit calculator is designed for a single initial deposit. Compare products in the same currency and check the provider’s current terms before deciding.