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.
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 | GEL | USD | EUR | |||
| NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | |
| 6-8 months | 9.45% | 9.60% | 2.30% | 2.32% | 1.55% | 1.56% |
| 9-11 months | 9.50% | 9.54% | 2.40% | 2.43% | 1.70% | 1.70% |
| 12 months | 9.60% | 9.60% | 2.55% | 2.58% | 2.45% | 2.45% |
| INTEREST WITHDRAWAL AT THE END OF EACH MONTH | GEL | USD | EUR | |||
| NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | |
| 6-8 months | 9.45% | 9.83% | 2.30% | 2.32% | 1.55% | 1.54% |
| 9-11 months | 9.50% | 9.89% | 2.40% | 2.43% | 1.70% | 1.70% |
| 12 months | 9.60% | 10.03% | 2.55% | 2.58% | 2.45% | 2.48% |
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
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