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SAVING ACCOUNT

You can keep or save money and gain a profit with a saving deposit. The amount can be added to the deposit without any limitation and the deposit amount can be managed any time.

ADVANTAGES
  • Possibility of adding and withdrawing the amount without any limitation
  • High interest rate
  • No mandatory monthly payment is required and there is no time limit

 

In accordance with the Law of Georgia "On the Deposit Insurance System", from January 1, 2024, funds available in the deposit/account of all deposit holders, regardless of the number of deposits/accounts, is insured in each commercial bank and microbank and will be reimbursed by the Deposit Insurance Agency within the limit of 30,000 GEL. The funds in all accounts of all deposit holders in commercial banks and microbanks is automatically insured without any additional cost. For more information, see the website of the Deposit Insurance Agency: www.diagency.ge

Accrual of a Saving Deposit onto the Minimum Balance of a Month

Terms and Conditions

 

  • Currency of the deposit: GEL, USD and EURO
  • Minimum payment to open the deposit: 10 (GEL; USD; EURO)
  • Mandatory monthly payment: Not required
  • Mandatory minimum balance: Not required
  • Interest realization: On the first calendar day of each following month
  • Interest realization account: Current account, on-saving account

 

% Interest GEL USD EUR
Nominal 7.25% 0.50% 0.10%
Effective

(with capitalization)

0.61% 0.01% -0,03%
Effective

(with realization)

0.61% 0.01% -0,03%

 

The effective interest rate is counted on the assumption that during a month the account balance equals to average 10,000 units and the minimum balance – 1,000 units. One year is taken as an accounting period.

Accrual of a Saving Deposit onto the Daily Balance

Terms and Conditions

 

  • Currency of the deposit: GEL, USD and EURO
  • Minimum payment to open the deposit: 10 (GEL; USD;)
  • Interest accrued - on to the Daily Balance (max. 100 000 units);
  • Mandatory monthly payment: Not required
  • Mandatory minimum balance: Not required
  • Interest realization: On the first calendar day of each following month
  • Interest realization account: Current account, on-saving account

 

Interest

 

% Interest GEL USD EUR
Nominal 2.00% 0.10%
Effective

(with capitalization)

1.90% 0.06%
Effective

(with realization)

1.90% 0.06%

 

The effective interest is counted on the assumption that during a month the account balance equals to average 10,000 units. One year is taken as an accounting period.