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TERM DEPOSIT

Save the amount safely in CREDO Bank within the desired period and receive a monthly or an early gain.

Your savings will be insured from the danger of improper spending or losing, and the additional highest gain will be put onto the deposited amount.

We offer you the best conditions for the deposit opened in GEL as well as in EURO and USD.

 

Promotion until July 1! Open a 12 or 24 months long deposit in dollar and euro and get even more financial benefits!

 

It is already possible to open a deposit confidentially and add the amount to it in the Internet and mobile bank – Mycredo.

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

 

Since 1 January 2018, the Bank has been participating in the Deposit Insurance System created on the basis of Law of Georgia on “Deposit Insurance System”. When occurring an insurance event, the amount available on the depositor’s deposit/account shall be reimbursed to the extent of GEL 15,000 by the Deposit Insurance Agency and the remain amount shall be compensated under the rule set by the active legislation.”

For further information please go to the web site of LLEP - Deposit Insurance Agency: 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 10.90% 11.30% 0.60% 0.60%
6-8 months 11.40% 11.67% 0.80% 0.80%
9-11 months 11.85% 11.96% 0.90% 0.90% 0.05% 0.05%
12 months 12.10% 12.10% 1.90% 1.90% 1.55% 1.55%
13-14 months 12.10% 11.99% 1.15% 1.15% 0.30% 0.30%
15-17 months 12.30% 12.07% 1.30% 1.30% 0.35% 0.35%
18-20 months 12.50% 12.08% 1.50% 1.49% 0.40% 0.40%
21-23 months 12.65% 12.05% 1.65% 1.64% 0.45% 0.45%
24 months 12.80% 12.07% 2.15% 2.13% 1.85% 1.83%
INTEREST WITHDRAWAL AT THE END OF EACH MONTH
TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 10.80% 11.35% 0.55% 0.55%
6-8 months 11.10% 11.68% 0.75% 0.76%
9-11 months 11.35% 11.96% 0.85% 0.85%
12 months 11.40% 12.01% 1.85% 1.86% 1.50% 1.51%
13-14 months 11.40% 12.02% 1.10% 1.11% 0.25% 0.25%
15-17 months 11.45% 12.07% 1.25% 1.26% 0.30% 0.30%
18-20 months 11.45% 12.07% 1.45% 1.46% 0.35% 0.35%
21-23 months 11.50% 12.13% 1.60% 1.61% 0.40% 0.40%
24 months 11.50% 12.13% 2.10% 2.12% 1.80% 1.81%