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!
In case of opening a deposit in the service center, the terms of benefits apply in GEL (-0.20%), and in dollars and euros (-0.10%)
Please be informed that from 12.06.2023 Deposit interest rates in GEL have been changed. In case of automatic extension the conditions and rates valid at that moment in the bank will be applied to the deposit.
- High-interest profit;
- No compulsory monthly payments;
In accordance with the Law of Georgia "On the Deposit Insurance System", from January 1, 2024, funds available in the deposit/account of all deposit holders, regardless of the number of deposits/accounts, is insured in each commercial bank and microbank and will be reimbursed by the Deposit Insurance Agency within the limit of 30,000 GEL. The funds in all accounts of all deposit holders in commercial banks and microbanks is automatically insured without any additional cost. For more information, see the website of the Deposit Insurance Agency: www.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 | 9.95% | 10.39% | 1.90% | 1.93% | ||
| 6-8 months | 10.10% | 10.32% | 2.35% | 2.36% | 1.60% | 1.61% |
| 9-11 months | 10.40% | 10.50% | 2.45% | 2.46% | 1.75% | 1.75% |
| 12 months | 10.55% | 10.57% | 2.60% | 2.60% | 2.50% | 2.50% |
| 13-14 months | 10.55% | 10.49% | 2.70% | 2.70% | 2.50% | 2.50% |
| 15-17 months | 10.55% | 10.41% | 2.80% | 2.79% | 2.65% | 2.64% |
| 18-20 months | 10.55% | 10.29% | 2.90% | 2.88% | 2.80% | 2.78% |
| 21-23 months | 10.75% | 10.36% | 3.00% | 2.97% | 2.80% | 2.77% |
| 24 months | 10.95% | 10.47% | 3.10% | 3.06% | 2.80% | 2.76% |