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.
Since 1 January 2018, the Bank has been participating in the Deposit Insurance System created on the basis of Law of Georgia on “Deposit Insurance System”. When occurring an insurance event, the amount available on the depositor’s deposit/account shall be reimbursed to the extent of GEL 15,000 by the Deposit Insurance Agency and the remain amount shall be compensated under the rule set by the active legislation.”
For further information please go to the web site of LLEP - 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 | |
| 3-5 months | 11.60% | 12.18% | 0.90% | 0.90% | N/A | N/A |
| 6-8 months | 12.00% | 12.31% | 1.35% | 1.35% | 0.30% | 0.30% |
| 9-11 months | 12.40% | 12.54% | 1.45% | 1.45% | 0.45% | 0.45% |
| 12 months | 12.65% | 12.68% | 1.60% | 1.60% | 1.20% | 1.20% |
| 13-14 months | 12.70% | 12.61% | 1.70% | 1.70% | 1.25% | 1.25% |
| 15-17 months | 12.75% | 12.54% | 1.80% | 1.80% | 1.35% | 1.35% |
| 18-20 months | 12.80% | 12.42% | 1.90% | 1.89% | 1.50% | 1.49% |
| 21-23 months | 13.00% | 12.44% | 2.00% | 1.99% | 1.55% | 1.54% |
| 24 months | 13.10% | 12.43% | 2.10% | 2.08% | 1.70% | 1.69% |