Chat

Saving Account

You can keep or save money and gain a profit with a saving deposit. The amount can be added to the deposit without any limitation and the deposit amount can be managed any time.

ADVANTAGES
  • Possibility of adding and withdrawing the amount without any limitation
  • High interest rate
  • No mandatory monthly payment is required and there is no time limit

 

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 LEPL – Deposit Insurance Agency: www.diagency.ge

Accrual of a Saving Deposit onto the Minimum Balance of a Month

Terms and Conditions

 

  • Currency of the deposit: GEL, USD and EURO
  • Minimum payment to open the deposit: 10 (GEL; USD; EURO)
  • Mandatory monthly payment: Not required
  • Mandatory minimum balance: Not required
  • Interest realization: On the first calendar day of each following month
  • Interest realization account: Current account, on-saving account

 

% Interest GEL USD EUR
Nominal 7.25% 0.50% 0.10%
Effective

(with capitalization)

-0.47% -0.36% -0.41%
Effective

(with realization)

-0.47% -0.36% -0.41%

 

The effective interest rate is counted on the assumption that during a month the account balance equals to average 1,000 units and the minimum balance – 100 units. One year is taken as an accounting period.

Accrual of a Saving Deposit onto the Daily Balance

Terms and Conditions

 

  • Currency of the deposit: GEL, USD and EURO
  • Minimum payment to open the deposit: 10 (GEL; USD;)
  • Interest accrued - on to the Daily Balance (max. 100 000 units);
  • Mandatory monthly payment: Not required
  • Mandatory minimum balance: Not required
  • Interest realization: On the first calendar day of each following month
  • Interest realization account: Current account, on-saving account

 

Interest

 

% Interest GEL USD
Nominal 2.00% 0.10%
Effective

(with capitalization)

2.02% 0.10%
Effective

(with realization)

2.02% 0.10%

 

The effective interest is counted on the assumption that during a month the account balance equals to average 1,000 units. One year is taken as an accounting period.