Term deposit
Open a deposit for the desired period in CREDO BANK and get a high interest rate!
The deposit can be opened both in the service center and remotely through Mycredo internet and mobile banking.
If you are not a Credo Bank user, learn how to register and open a term deposit through Mycredo Mobile Bank.
In case of opening a deposit in the service center, the terms of benefits apply in GEL (-0.20%), and in dollars and euros (-0.10%)
Please be informed that from 23.08.2023 Deposit interest rates in GEL have been changed. In case of automatic extension the conditions and rates valid at that moment in the bank will be applied to the deposit.
- High interest rate
- The deposit is insured and does not pay the insurance fee
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
- Deposit currency - GEL, USD, EUR
- Deposit Minimum Amount - 100 (GEL, USD, EUR)
- Minimum Term Deposit:
- GEL and USD - 3 months
- EUR- 6 months
- Maximum Term Deposit - 24 months
- Benefit withdrawal - at the end of each month or at the end of deposit period
- Pre-termination:
- GEL - deposit interest applied - months to term minus 1%
- Other currencies - none
| TERM | GEL | USD | EUR | |||
| NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | |
| 3-5 months | 9.95% | 10.24% | 1.90% | 1.91% | ||
| 6-8 months | 10.10% | 10.27% | 2.35% | 2.36% | 1.60% | 1.61% |
| 9-11 months | 10.40% | 10.44% | 2.45% | 2.45% | 1.75% | 1.75% |
| 12 months | 10.55% | 10.55% | 2.60% | 2.60% | 2.50% | 2.50% |
| 13-14 months | 10.55% | 10.46% | 2.70% | 2.69% | 2.50% | 2.50% |
| 15-17 months | 10.55% | 10.33% | 2.80% | 2.79% | 2.65% | 2.64% |
| 18-20 months | 10.55% | 10.20% | 2.90% | 2.88% | 2.80% | 2.78% |
| 21-23 months | 10.75% | 10.27% | 3.00% | 2.96% | 2.80% | 2.77% |
| 24 months | 10.95% | 10.41% | 3.10% | 3.05% | 2.80% | 2.76% |
| TERM | GEL | USD | EUR | |||
| NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | NOMINAL | EFFECTIVE | |
| 3-5 months | 9.65% | 10.09% | 1.85% | 1.87% | ||
| 6-8 months | 9.75% | 10.16% | 2.30% | 2.32% | 1.55% | 1.54% |
| 9-11 months | 9.85% | 10.28% | 2.40% | 2.43% | 1.70% | 1.70% |
| 12 months | 9.90% | 10.36% | 2.55% | 2.58% | 2.45% | 2.48% |
| 13-14 months | 9.90% | 10.36% | 2.65% | 2.68% | 2.45% | 2.46% |
| 15-17 months | 9.90% | 10.36% | 2.75% | 2.78% | 2.60% | 2.61% |
| 18-20 months | 9.90% | 10.35% | 2.85% | 2.89% | 2.75% | 2.77% |
| 21-23 months | 10.00% | 10.46% | 2.95% | 2.99% | 2.75% | 2.78% |
| 24 months | 10.10% | 10.58% | 3.05% | 3.09% | 2.75% | 2.78% |