Sweep is an investment tool that enables efficient management of temporarily available funds by automatically directing them into money market investment funds. This allows clients to earn income in accordance with the terms of the investment fund.
Sweep is available to both resident and non-resident clients.
Sweep Deals Advantages
- Available to all clients
- No minimum investment amount is required
- The transaction is concluded for an indefinite period, allowing the client to withdraw their funds at any time without losing the amount accrued for those days
Main terms
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Sweep deal service - valid from 14.08.2026 |
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Sweep deal tariffs and terms |
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Transaction currency |
US dollar |
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Minimum transaction amount |
not specified |
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Maximum transaction amount |
200,000.00 US dollar |
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Term of the transaction |
no fixed term |
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Transaction execution fee1 |
0.50 % (annual) |
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Annual Percentage Yield (APY) |
at the interest rate applied by the Money Market Fund |
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Payment of Interest |
by the 7th business day of the month following the reporting month |
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Opening, maintenance, and closure of the sweep account |
free of charge |
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Transaction amount replenishment2 |
permitted |
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- The execution of the transaction is subject to the Customer ensuring the availability of funds in the Sweep account as of 4:00 p.m. on the transaction date3. - Additional information is set out in the “General Terms and Conditions for the Provision of Banking Services of Ardshinbank OJSC”. |
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- Information on the Money Market Funds is published on the official website of Ardshinbank OJSC at www.ardshinbank.am. |
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1 The calculation is based on the transaction volume available at the end of each day during the reporting period. Tariffs are charged in Armenian drams, applying, where necessary, the Bank’s non-cash purchase exchange rate effective at the time of charging. Fees specified in the tariffs are charged by the Bank upon termination of the Sweep transaction, and for active transactions, on a monthly basis from the interest accrued during the reporting month. 2 The replenishment of the transaction amount is permitted during the term of the agreement concluded between the Bank and the Client; however, the total amount of the replenishment and the existing transaction amount shall not exceed the maximum transaction amount specified in these terms and tariffs. 3 The Bank may execute the Sweep deal if the Client provides the required funds after the specified time. |
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Target Segment |
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The Sweep service is available to both individuals and legal entities. |
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The terms and conditions governing the provision of the Sweep service, including the procedure for concluding an agreement between the Bank and the Client, payment terms and methods, required documentation, Sweep deal execution procedures, agreement termination procedures, and other applicable provisions, are specified in Chapter 13 “Investment Services” of the General Terms and Conditions for the Provision of Banking Services.
General Terms of Banking Services
