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Certificate of Deposite for Business

Invest your savings efficiently with a high-yield Certificate of Deposit.

business certificate deposit

If you’re looking to invest your savings effectively and earn high returns, a Certificate of Deposit for business is an excellent choice. This security-based product represents the bank’s commitment to pay the holder the amount specified in the agreement on the maturity date outlined in the certificate's terms.


Unlike other deposit types, a Certificate of Deposit gives its holder the flexibility to manage it at any time before its maturity.


As part of Credo Bank’s social responsibility initiative, you can also support the green movement by purchasing a Green Certificate of Deposit. By doing so, you contribute to protecting nature while enjoying financial benefits. To learn more about this initiative, visit the link.

TERMS

  • Deposit Currency: GEL, USD, EUR
  • Initial Minimum Contribution: 1,000 units
  • Term of Deposit: 1 to 2 years
  • Interest Accrual: Daily, 365 days a year
  • Early Termination: Not allowed
  • Adding Money: Not allowed


*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

  • Free Purchase: No cost to buy a certificate of deposit.
  • High Interest Rate: Earn the highest interest rate on your savings.
  • Transferable: The certificate can be transferred to another person at any time.

INTEREST RATES

Withdrawal at the end of the term


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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