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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
  • Deposit can be opened with a small amount (100 units)
  • The deposit is insured and does not pay the insurance fee

From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 GEL. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, visit web site at: www.diagency.ge

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 11.65% 12.11% 1.70% 1.71%
6-8 months 11.85% 12.14% 2.20% 2.21% 0.55% 0.55%
9-11 months 12.10% 12.22% 2.60% 2.61% 0.85% 0.85%
12 months 12.20% 12.20% 3.00% 3.00% 1.30% 1.30%
13-14 months 12.20% 12.09% 3.10% 3.09% 1.30% 1.30%
15-17 months 12.30% 12.07% 3.20% 3.18% 1.30% 1.30%
18-20 months 12.40% 11.99% 3.35% 3.32% 1.50% 1.49%
21-23 months 12.40% 11.82% 3.45% 3.40% 1.60% 1.59%
24 months 12.50% 11.80% 3.60% 3.54% 1.60% 1.59%
INTEREST WITHDRAWAL AT THE END OF EACH MONTH
TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 11.50% 12.13% 1.65% 1.66%
6-8 months 11.55% 12.18% 2.20% 2.22% 0.55% 0.55%
9-11 months 11.60% 12.24% 2.60% 2.63% 0.85% 0.85%
12 months 11.65% 12.29% 2.90% 2.94% 1.30% 1.31%
13-14 months 11.65% 12.29% 2.95% 2.99% 1.30% 1.31%
15-17 months 11.70% 12.35% 3.00% 3.04% 1.30% 1.31%
18-20 months 11.75% 12.40% 3.15% 3.20% 1.50% 1.51%
21-23 months 11.75% 12.40% 3.30% 3.35% 1.55% 1.56%
24 months 11.75% 12.40% 3.40% 3.45% 1.55% 1.56%