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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
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 10.05% 10.39% 1.70% 1.71%
6-8 months 10.50% 10.73% 2.20% 2.21% 0.85% 0.85%
9-11 months 10.95% 11.05% 2.60% 2.61% 1.15% 1.15%
12 months 11.35% 11.35% 3.00% 3.00% 1.60% 1.60%
13-14 months 11.70% 11.59% 3.10% 3.09% 1.60% 1.60%
15-17 months 11.70% 11.49% 3.20% 3.18% 1.60% 1.60%
18-20 months 11.95% 11.57% 3.35% 3.32% 1.80% 1.79%
21-23 months 12.50% 11.91% 3.45% 3.40% 1.90% 1.89%
24 months 12.50% 11.80% 3.60% 3.54% 1.90% 1.88%
INTEREST WITHDRAWAL AT THE END OF EACH MONTH
TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 9.95% 10.42% 1.65% 1.66%
6-8 months 10.25% 10.75% 2.20% 2.22% 0.85% 0.85%
9-11 months 10.50% 11.02% 2.60% 2.63% 1.15% 1.16%
12 months 10.75% 11.30% 2.90% 2.94% 1.60% 1.61%
13-14 months 10.85% 11.41% 2.95% 2.99% 1.60% 1.61%
15-17 months 10.85% 11.41% 3.00% 3.04% 1.60% 1.61%
18-20 months 10.95% 11.52% 3.15% 3.20% 1.80% 1.81%
21-23 months 11.05% 11.63% 3.30% 3.35% 1.85% 1.87%
24 months 11.05% 11.63% 3.40% 3.45% 1.85% 1.87%