Savings Deposit Conditions
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Unlimited ability to add and withdraw money
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No monthly fees required
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Deposit remains open indefinitely
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Monthly interest benefits
Possibility of early contract termination
The deposit is insured under the Law of Georgia "On Deposit Insurance System". In case of changes in essential contract terms, the customer should be informed at least two (2) months before in advance, and at least one month before the pricing of other finished products, in writing, via email, or through internet banking. Users have the right to submit a claim at any branch, service center, or head office of the bank, in person, in writing, or electronically.
Interest Rates on Cash Deposits
| Currency | Nominal | Effective* |
|---|---|---|
| GEL | 4% | 3.87% |
| USD | 0.60% | -3.19% |
| EURO | 0.25% | -3.53% |
*The developed interest rate is calculated based on placing 10 000 units on the deposit.
Both resident and non-resident legal entities can open a savings deposit
Profits can be withdrawn at any desired moment
By opening a savings deposit , you gain unlimited access to the deposit and receive additional benefits every month.
