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INTERNET BANKING

Certificate of Deposit

Certificate of deposit is a deposit (security) and it represents a bank liability; the sum of a certificate is paid out to the beneficiary on the day agreed in a certificate.

Calculator
Month
12 თვე
24 თვე
Term

Result
interest
Accrued interest
We offer:
Deposite type
interest
Accrued interest
Term deposit
Increasing deposit
Saving deposit
TERMS
  • Deposit currency - GEL;
  • Minimum deposit amount at opening - ₾1000 (or a multiple of 1000);
  • Deposit term - 12 and 24 months;
  • Addition of funds - not permitted; 
  • Interest accrued - daily, divided by 365 (three hundred and sixty-five) days; 
  • Pre-termination - not permitted; 
  • Interest paid - annually, monthly; 
  • Certificate transfer - permitted, as per Credo Bank procedure; 
  • Certificate transfer commission - 0.1% of certificate sum, minimum of 100 GEL;
BENEFITS
  • Certificate of deposit from Credo Bank is characterized by high interest rate.

From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 GEL. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, visit web site at: www.diagency.ge

TERMS FOR RE-COMPENSATION

The client pays the bank a fine, as follows: interest rate of the current, same-term certificate of deposit in the bank, or interest rate of the next long-term certificate of deposit in the bank, plus 3%.

Interest rate, if withdrawn every 12 months - GEL Nominal interest rate Effective interest rate
12 months 12.70% 12.70%
24 months 13.60% 12.78%
36,48,60 months Individually negotiated Individually negotiated
Interest rate, if withdrawn at the end of each month - GEL Nominal interest rate Effective interest rate
12 months 12.10% 12.79%
24 months 12.20% 12.91%
36,48,60 months Individually negotiated Individually negotiated

*The bank is not liable to prematurely re-compensate the certificate of deposit with the terms above.