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Term deposit

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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.

 

 

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Change of Deposit interest rates in GEL (23.08.2023)

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.

Benefits
  • High interest rate
  • Deposit can be opened with a small amount (100 units)
  • The deposit is insured and does not pay the insurance fee

 

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

Terms
  • 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
Interest withdrawal at the end of term
TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 11.30% 11.67% 1.90% 1.91%
6-8 months 11.45% 11.66% 2.35% 2.36% 0.30% 0.30%
9-11 months 11.75% 11.80% 2.45% 2.45% 0.45% 0.45%
12 months 11.85% 11.85% 2.60% 2.60% 1.20% 1.20%
13 months 13.00% 12.93% 2.70% 2.70% 1.25% 1.25%
14 months 11.90% 11.79% 2.70% 2.69% 1.25% 1.25%
15-17 months 11.90% 11.62% 2.80% 2.79% 1.35% 1.35%
18-20 months 11.90% 11.47% 2.90% 2.88% 1.50% 1.49%
21-23 months 12.10% 11.60% 3.00% 2.96% 1.55% 1.54%
24 months 12.60% 11.89% 3.10% 3.05% 1.70% 1.69%
Interest withdrawal at the end of each month
TERM GEL USD EUR
NOMINAL EFFECTIVE NOMINAL EFFECTIVE NOMINAL EFFECTIVE
3-5 months 10.75% 11.30% 1.85% 1.87% 0.00% 0.00%
6-8 months 10.80% 11.35% 2.30% 2.32% 0.25% 0.25%
9-11 months 10.85% 11.41% 2.40% 2.43% 0.40% 0.40%
12 months 10.90% 11.46% 2.55% 2.58% 1.15% 1.16%
13-14 months 10.95% 11.49% 2.65% 2.68% 1.20% 1.21%
15-17 months 10.95% 11.52% 2.75% 2.78% 1.30% 1.31%
18-20 months 10.95% 11.50% 2.85% 2.89% 1.45% 1.46%
21-23 months 10.95% 11.50% 2.95% 2.99% 1.50% 1.51%
24 months 11.50% 12.13% 3.05% 3.09% 1.65% 1.66%