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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.

It is already possible to open the deposit confidentially, add money to it, receive and dispose of the money defined as per the schedule in your mobile bank Mycredo.

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
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
6-8 months 11.35% 11.62% 0.95% 0.95% 0.05% 0.05%
9-11 months 11.70% 11.81% 1.15% 1.15% 0.05% 0.05%
12 months 11.75% 11.75% 1.30% 1.30% 0.40% 0.40%


INTEREST WITHDRAWAL AT THE END OF EACH MONTH

TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
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% 1.30% 1.31% 0.40% 0.40%

 

The amount up to GEL 15,000 put on the deposit/account in each commercial bank in spite of the quantity of the deposit/account will be reimbursed to any depositor physical person by the Deposit Insurance Agency, and the remaining amount will be paid under the rule set by the applicable legislation.

For further information see the web-site of LEPL – Deposit Insurance Agency: 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)
6
7
8
9
10
11
12
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