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Term Deposit

Open a term deposit with Credo Bank to enjoy high interest rates.

business term deposit

You can open a business term deposit by visiting a service center or remotely through Mycredo Business.


If you are not a Credo Bank user, visit our service centers to open an account, register on Business Mycredo, and open a business term deposit.


With a term deposit, you can accumulate more than you could imagine.

Terms

  • Deposit Currency: GEL, USD, EUR
  • Minimum Deposit: 100 units (in deposit currency)
  • Term of Deposit: 3 - 24 months
  • Withdrawal of Benefits: Monthly or at the end of the term
  • Early Termination: Benefit is 1% deducted from the corresponding rate for the completed months
  • Opening Methods: At the service center or remotely


* Note: Starting from 23.08.2023, interest rates for GEL deposits have changed. For automatic renewal, the interest rates and conditions on the renewal day will apply.


* As of January 1, 2018, the Bank participates in the Deposit Insurance System established under the Law of Georgia on the Deposit Insurance System. Upon the occurrence of an insurance event, the available funds on a depositor's deposit/account will be reimbursed by the Deposit Insurance Agency within the limit of GEL 50 000, while the remaining amount will be reimbursed in accordance with the procedures prescribed by the applicable legislation.

For additional information, please visit the website of the Deposit Insurance Agency: www.diagency.ge.

Advantages

High Interest Rate: Fixed until the end of the term.

No Commission: Withdraw interest accrued on the deposit and the deposit amount without any commission.

Interest Rates

INTEREST WITHDRAWAL AT THE END OF TERM




INTEREST WITHDRAWAL AT THE END OF EACH MONTH



*The given rates are valid when opening a deposit through Mobile Bank.

When opening a deposit at a service center, you will benefit from the interest rate in GEL (-0.20%), and in USD and EUR (-0.10%).

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