Smart Deposit
A diminishing Smart deposit is CREDO Bank’s innovative, universal product which has no analogue on the Georgian banking service market.
If you have a solid income or just the whole amount, deposition of which is necessary with certain periodicity, put it on CREDO Bank’s diminishing Smart deposit, draw up the withdrawal schedule fitted to your necessity and receive an additional monthly interest corresponding to your savings.
Moreover, as compared with saving money at home, a daily interest will be accrued to your deposit, which can be received on a monthly basis or according to the withdrawal schedule agreed in advance, at your disposal.
It is already possible to open the deposit confidentially, add money to it, receive and dispose of the money defined as per the schedule in your mobile bank Mycredo.
Receive the additional interest and be safe with us!
- Period from 6 to 12 months
- Currency – GEL, USD, Euro
- Accrual of interest – monthly
It is possible to withdraw both the main amount and the accrued interest as per the desirable schedule
INTEREST WITHDRAWAL AT THE END OF TERM
| TERM | GEL | USD | EUR | |||
| NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | |
| 6-8 months | 11.60% | 12.23% | 1.30% | 1.31% | 0.25% | 0.25% |
| 9-11 months | 11.90% | 12.57% | 1.40% | 1.41% | 0.40% | 0.40% |
| 12 months | 11.95% | 12.63% | 1.55% | 1.56% | 1.15% | 1.16% |
INTEREST WITHDRAWAL AT THE END OF EACH MONTH
| TERM | GEL | USD | EUR | |||
| NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | |
| 6-8 months | 11.60% | 12.23% | 1.30% | 1.31% | 0.25% | 0.25% |
| 9-11 months | 11.90% | 12.57% | 1.40% | 1.41% | 0.40% | 0.40% |
| 12 months | 11.95% | 12.63% | 1.55% | 1.56% | 1.15% | 1.16% |
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
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