Savings Deposit

A deposit that allows you to profitably store the organization's savings with the ability to use them unlimitedly. Open a savings deposit, save money without limits, and receive benefits.

  • Term: Termless
  • Currency: GEL, USD, EUR

Savings Deposit

Savings Deposit Conditions

Currency   GEL, USD, EUR
Deposit Term   Termless
Withdrawal terms   Fully free
Who can open it   Both residents and non-residents
Deposit Opening   Free
Interest Rate   Variable
Minimum balance for interest accrual   500 units
  • Unlimited ability to add and withdraw money;

  • No monthly fees required;

  • Deposit remains open indefinitely;

  • 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.



 

Term Deposit Details

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Interest Rates on Cash Deposits

Currency  Nominal  Effective*
GEL 4% 3.87%
USD 0.60% -3.19%
EUR 0.25% -3.53%
*The developed interest rate is calculated based on placing 10 000 units on the deposit.

FAQ

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Who can open a savings deposit?

Both resident and non-resident legal entities can open a savings deposit
 

When will I be able to withdraw interest?

Profits can be withdrawn at any desired moment

What are the advantages of a savings deposit?

By opening a savings deposit , you gain unlimited access to the deposit and receive additional benefits every month.

Got more questions?

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