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INTERNET BANKING

Smart Deposit

Smart deposit is an innovative product of the Credo Bank, which has no analogue within Georgia’s banking sphere or service. It enables you to store your finds safely for the specific goal, whether personal, business or family purposes. You can easily safeguard your funds from “an accidental” expenditure, while enjoying high interest profit.

You may create a savings account for the period of 6 to 12 months, where you will store funds and plan a depositing schedule upon your own desire. Despite the fact, that period and amount of depositing might differ at each time, still, your remaining amount will accrue the highest interest profit, which is similar to your own savings accounts’ interest profit for the respective full duration!

Smart deposit is especially convenient for those, who are involved into seasonal business and hence – have seasonal income, which they have to allocate for specific purposes; therefore, they undertake expenditure of funds periodically. Safely stored funds with a possibility of instant depositing and with an additional profit – enables you to firmly execute purpose of your finances.

Meanwhile, you may deposit or manage the respective amount set forth within a schedule without visiting a service center. You may simply visit the mycredo.ge through internet bank, as well as utilize a plastic card, which you may order free of charge at Mycredo.ge; delivery of the latter plastic card is also free and will be provided at your desired address.

TERMS

INTEREST WITHDRAWAL AT THE END OF TERM

TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
6-8 months 9.00% 9.17% 1.80% 1.81% 0.25% 0.25%
9-11 months 9.35% 9.42% 2.05% 2.05% 0.30% 0.30%
12 months 9.40% 9.40% 2.30% 2.30% 0.45% 0.45%

 

INTEREST WITHDRAWAL AT THE END OF EACH MONTH

TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
6-8 months 9.00% 9.38% 1.80% 1.82% 0.25% 0.25%
9-11 months 9.35% 9.76% 2.05% 2.07% 0.30% 0.30%
12 months 9.40% 9.81% 2.30% 2.32% 0.45% 0.45%

 

Each and every depositor (deposit holder) physical person, with regard to an amount of deposit/account at each commercial bank and regardless of number of deposits/accounts – will be entitled to renumeration within a limit of 15, 000 GEL by the Deposit Insurance Agency of Georgia; the remaining sum will be renumerated as set forth by an incumbent legislation.

For further information, please, visit the Deposit Insurance Agency of Georgia at: diagency.ge