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Demand Deposit for Business

Get benefits easily and spend money wisely with Credo Bank's Saving Account.

demond deposit for businesses

With a demand deposit for businesses, you can save or accumulate money and enjoy increased benefits. Adding money to the deposit is unlimited.


It is possible to withdraw money from the deposit at any time without losing the accrued interest amount.

TERMS
  • Deposit Currency: GEL, USD, EUR
  • Minimum Deposit for Opening: 10 GEL, USD, EUR
  • Minimum Balance Required: None
  • Mandatory Monthly Contribution: Not required
  • Benefit Realization: On the first calendar day of each following month
  • Add and Withdraw Money: Unlimited


* By the law of Georgia on the "Deposit Insurance System", from January 1, 2024, all deposit amounts in commercial banks and micro-banks are insured up to 30,000 GEL per depositor. This insurance is automatic and does not require additional compensation. For more information, visit the Deposit Insurance Agency

ADVANTAGES
  • Unlimited Transactions: Freely add and withdraw money without restrictions.
  • High Interest Rate: Enjoy a competitive interest rate on your savings.
  • No Mandatory Contributions: No need for a fixed monthly deposit.
  • No Time Limit: Flexible savings period with no time constraints.
  • Electronic Wallet Integration: Easily manage your savings with an electronic wallet.
INTEREST RATES

ACCRUAL OF A SAVING DEPOSIT ONTO THE MINIMUM BALANCE OF A MONTH



ACCRUAL OF A SAVING DEPOSIT ONTO THE DAILY BALANCE




* Demand deposit with monthly minimum balance accrual - these rates apply when opening a deposit via Mobile Bank. When opening a deposit at a service center, you will benefit from the interest rate in GEL (-1.45%).

* Demand deposit with daily balance accrual - these rates apply when opening a deposit via Mobile Bank. When opening a deposit at a service center, you will benefit from the interest rate in GEL (-2.2%).

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