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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

 

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 11.00% 11.41% 0.85% 0.85%
6-8 months 11.60% 11.88% 1.05% 1.05% 0.10% 0.10%
9-11 months 12.10% 12.22% 1.20% 1.20% 0.15% 0.15%
12 months 12.35% 12.35% 2.00% 2.00% 1.60% 1.60%
13-14 months 12.35% 12.23% 1.40% 1.40% 0.50% 0.50%
15-17 months 12.55% 12.31% 1.50% 1.50% 0.55% 0.55%
18-20 months 12.80% 12.36% 1.55% 1.54% 0.65% 0.65%
21-23 months 13.00% 12.37% 1.65% 1.64% 0.70% 0.70%
24 months 13.10% 12.34% 2.35% 2.32% 2.00% 1.98%
INTEREST WITHDRAWAL AT THE END OF EACH MONTH
TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 10.85% 11.41% 0.80% 0.80%
6-8 months 11.35% 11.96% 0.95% 0.96% 0.05% 0.05%
9-11 months 11.70% 12.35% 1.15% 1.16% 0.05% 0.05%
12 months 11.75% 12.40% 1.95% 1.97% 1.55% 1.56%
13-14 months 11.75% 12.40% 1.35% 1.36% 0.45% 0.45%
15-17 months 11.80% 12.46% 1.45% 1.46% 0.55% 0.55%
18-20 months 11.85% 12.52% 1.50% 1.51% 0.65% 0.65%
21-23 months 12.00% 12.68% 1.60% 1.61% 0.70% 0.70%
24 months 11.95% 12.63% 2.30% 2.32% 1.95% 1.97%