Smart Deposit

A diminishing Smart deposit is CREDO Bank’s innovative, universal product which has no analogue on the Georgian banking service market.

If you have a solid income or just the whole amount, deposition of which is necessary with certain periodicity, put it on CREDO Bank’s diminishing Smart deposit, draw up the withdrawal schedule fitted to your necessity and receive an additional monthly interest corresponding to your savings.

Moreover, as compared with saving money at home, a daily interest will be accrued to your deposit, which can be received on a monthly basis or according to the withdrawal schedule agreed in advance, at your disposal.

Receive the additional interest and be safe with us!

Terms and conditions

Period from 6 to 12 months
Currency – GEL, USD, Euro
Accrual of interest – monthly

It is possible to withdraw both the main amount and the accrued interest as per the desirable schedule

Tariffs

INTEREST WITHDRAWAL AT THE END OF TERM

TERM	GEL		USD		EUR
TERM	NOMINAL	EFFECTIVE	NOMINAL	EFFECTIVE	NOMINAL	EFFECTIVE
6-8 months	9.70%	9.93%	2.30%	2.32%	1.55%	1.56%
9-11 months	9.75%	9.87%	2.40%	2.43%	1.70%	1.70%
12 months	9.85%	9.85%	2.55%	2.58%	2.45%	2.45%

INTEREST WITHDRAWAL AT THE END OF EACH MONTH

TERM	GEL		USD		EUR
TERM	NOMINAL	EFFECTIVE	NOMINAL	EFFECTIVE	NOMINAL	EFFECTIVE
6-8 months	9.70%	10.20%	2.30%	2.32%	1.55%	1.54%
9-11 months	9.75%	10.20%	2.40%	2.43%	1.70%	1.70%
12 months	9.85%	10.31%	2.55%	2.58%	2.45%	2.48%

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

Deposit calculator

Incumbent amount and currency

Amount to be transferred is minimal of 500

Duration and frequency of profit accrual of deposits

Duration of deposit (month)

Period of collecting deposit

Schedule of deposit

Amount at deposit account

The respective deposit schedule empowers you to decrease, increase or cancel money to be collected at any month. Including an amendment of collection date upon your desired date

A total amount delegated by you exceeds or does not constitute an incumbent amount

Accrued
interest

Annual
profit

Amount with
profit