Universal Deposit

Save money indefinitely, with the ability to add any amount and earn interest, open a universal deposit and accumulate more if you withdraw money at most once a month.

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

Universal Deposit

Universal Deposit details

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
  •  Unlimited deposit and withdrawal options;

  •  No mandatory monthly fee is required;

  •  Possibility of receiving more benefits in case of having a static (unchanged) balance on the deposit;

  •  Guaranteed acceptable interest benefit in case of 2 or more withdrawals (debit) from the deposit;

  •  Ability to receive interest benefits with flexible periodicity (monthly).

Possibility of early termination of the contract


The deposit is insured within the framework of the Law of Georgia "On Deposit Insurance System". In case of a change in the important terms of the contract, the user will be informed at least 2 (two) months before the change, and in case of an increase in the price of another financial product at least one month in writing, by email, internet banking and short text message. The customer has the right to submit a claim to any branch, service center or head office of the bank, orally, in free writing, in standard written or electronic form.
 

Term Deposit Details

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Interest Rates on Cash Deposit

Currency  Nominal Effective*
GEL 4.50 % 4.39%
USD 0.85% -2.95%
EUR 0.50% -3.29%
*The effective interest rate is calculated on the condition of placing 10 000 units on the deposit.

Frequently Asked Questions

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Who can open a universal deposit?

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

When will I be able to withdraw the benefits?

You can withdraw the benefit at any desired moment.
 

What are the advantages of universal deposit?

If you open a universal deposit, you will get unlimited access to the deposit and improved interest benefits.

Got more questions?

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