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Joint Deposit

The Joint Deposit is an innovative product by Credo Bank unique in the Georgian market

A joint deposit allows two or more people to contribute funds towards a common goal, providing high benefits, joint accumulation, and joint management.


Joint deposit accounts can be a practical way to manage shared finances, but it's crucial for all parties involved to understand their rights and responsibilities.

TERMS
  • Minimum Term: 6 months
  • Maximum Term: 24 months
  • Deposit Currency: GEL, USD, EUR
  • Minimum Deposit for Opening: 20 GEL, USD, or EUR
  • Missed Contributions: Allowed to miss the minimum monthly contribution for two consecutive months
  • Benefit Withdrawal: At the end of the term
ADVANTAGES
  • Unlimited Contributions: No limit on the amount of contributions.
  • Joint Account: Add money to the deposit from the bank's cash desk, Mycredo, or fast payment machines.
  • Joint Confirmation: Any withdrawal or disposal of the deposit requires joint confirmation.
  • Best Conditions for Early Termination: Favorable terms if the deposit in GEL is terminated early
INTEREST RATES

DEPOSIT INSURANCE

*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

Contact Us

R.Tabukashvili 27, Tbilisi

Mon-Fri, 10:00 - 17:30

(032) 2 42 42 42

info@credo.ge