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Certificate of Deposit

A deposit certificate is the best leverage for investing savings effectively, thus for gaining an increased profit!

It serves as the responsibility of the bank to provide an owner with the respective amount on the date determined by the contract as set forth within the 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
Kids deposit
TERMS
  • Currency of a deposit – GEL;
  • Primary annual contribution – 1000 GEL (or an equivalent);
  • Duration of a deposit – from 1 to 5 years;
  • Accrual of interest profit – annually, calculating 365 days in a year;
  • Certificate duration shall not be terminated before the due date;
  • Adding funds to a certificate is not permitted;
  • Giving out a certificate to other party is permitted (in accordance with Credo Bank’s procedures).
Advantages
  • Purchase of a certificate – free of charge;
  • Deposit certificate will accrue higher interest profit than the amount on any deposit account;
  • Deposit certificate can be provided to any other party anytime.

 

Any physical person with a deposit account, regardless of an amount on his/her deposit account/accounts at each commercial bank, will be eligible to 15, 000 GEL of reimbursement from the Deposit Insurance Agency; any amount exceeding the 15, 000 GEL will be reimbursed according to the procedures set forth by incumbent legislation.

For further information, please, visit the web-page of the LEPL Deposit Insurance Agency: diagency.ge

Interest profit

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Interest rate, if withdrawn every 12 months - GEL Nominal interest rate Effective interest rate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 12.55% 12.55%
24 months 13.50% 12.69%
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Interest rate, if withdrawn at the end of each month - GEL Nominal interest rate Effective interest rate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 11.95% 12.63%
24 months 12.35% 13.07%
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.