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INTERNET BANKING

TERM DEPOSIT

Term deposit is the ideal way for consumers who want to safely keep their money (three main currencies: GEL, USD, EUR) on their bank account and get monthly or annual benefit. The user holds the amount on the deposit for the desired term and get high financial benefit.

BENEFITS
  • High interest rate
  • Flexible minimum term (1 month)
  • Deposit can be opened with a small amount (100 units)
  • The deposit is insured and does not pay the insurance fee
TERMS
  • Deposit currency - GEL, USD, EUR
  • Deposit Minimum Amount - 100 (GEL, USD, EUR)
  • Minimum Term Deposit:
    • GEL and USD - 3 months
    • EUR- 6 months
  • Maximum Term Deposit - 24 months
  • Benefit withdrawal - at the end of each month or at the end of deposit period
  • Pre-termination:
    • GEL - deposit interest applied - months to term minus 1%
    • Other currencies - none
INTEREST WITHDRAWAL AT THE END OF TERM
TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 9.50% 9.81% 1.80% 1.81%    
6-8 months 10.00% 10.21% 2.50% 2.51% 1.00% 1.00%
9-11 months 10.50% 10.59% 2.75% 2.76% 1.75% 1.75%
12 months 11.50% 11.50% 3.50% 3.50% 2.00% 2.00%
13-14 months 11.50% 11.40% 3.50% 3.49% 2.00% 2.00%
15-17 months 11.50% 11.30% 3.50% 3.48% 2.00% 1.99%
18-20 months 11.80% 11.43% 3.50% 3.47% 2.25% 2.24%
21-23 months 12.20% 11.64% 4.00% 3.94% 2.25% 2.23%
24 months 12.30% 11.62% 4.00% 3.92% 2.50% 2.47%

 

INTEREST WITHDRAWAL AT THE END OF EACH MONTH
DEPOSIT TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 9.00% 9.38% 1.70% 1.71% -  
6-8 months 9.50% 9.92% 2.05% 2.07% 0.75% 0.75%
9-11 months 10.00% 10.47% 2.55% 2.58% 1.50% 1.51%
12 months 11.00% 11.57% 3.15% 3.15% 1.75% 1.75%
13-14 months 11.00% 11.57% 3.15% 3.20% 1.75% 1.76%
15-17 months 11.00% 11.57% 3.20% 3.25% 1.75% 1.76%
18-20 months 11.30% 11.90% 3.40% 3.45% 2.00% 2.02%
21-23 months 11.70% 12.35% 3.60% 3.66% 2.00% 2.02%
24 months 11.80% 12.46% 3.70% 3.76% 2.25% 2.27%