GROWING DEPOSIT
Save up money safely and simply for investing in your aspirations, upon making desirable contributions and harvesting high profit.
Even if you get money prior to the due date of the deposit, you will still enjoy the best terms from Credo Bank!
- High-interest profit;
- No compulsory monthly payments;
- The best terms for canceling GEL-operated deposit prior to the due date.
Each and every depositor (deposit holder) physical person, with regard to an amount of deposit/account at each commercial bank and regardless of number of deposits/accounts – will be entitled to remuneration within a limit of 15, 000 GEL by the Deposit Insurance Agency of Georgia; the remaining sum will be remunerated as set forth by an incumbent legislation.
For further information, please, visit the Deposit Insurance Agency of Georgia at diagency.ge
- Deposit currency – GEL, USD, EUR;
- Minimal contribution – 10 (GEL, USD, EUR);
- Compulsory monthly contribution – not required;
- Deposit term – 6 – 24 months;
- Accrual of profit – at the end of the term;
- In case of depositing cash prior to due date:
GEL – deposit will accrue the respective rate for the months commenced – 2 %;
Other currency – does not accrue profit.
| TERM | GEL | USD | EUR | |||
| NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | |
| 6-8 months | 11.60% | 11.89% | 1.05% | 1.05% | 0.10% | 0.10% |
| 9-11 months | 12.10% | 12.24% | 1.20% | 1.20% | 0.15% | 0.15% |
| 12 months | 12.35% | 12.38% | 1.35% | 1.35% | 0.45% | 0.45% |
| 13-14 months | 12.35% | 12.27% | 1.40% | 1.40% | 0.50% | 0.50% |
| 15-17 months | 12.55% | 12.35% | 1.50% | 1.50% | 0.55% | 0.55% |
| 18-20 months | 12.80% | 12.42% | 1.55% | 1.54% | 0.65% | 0.65% |
| 21-23 months | 13.00% | 12.44% | 1.65% | 1.64% | 0.70% | 0.70% |
| 24 months | 13.10% | 12.43% | 1.70% | 1.69% | 0.75% | 0.75% |