Increasing Deposit

Open an increasing deposit, save-up money monthly, and get a high interest rate with flexible withdrawals.

  • Term: 3-24 months
  • Currency: GEL, USD, EURO
  • Minimum base/monthly contribution: 20 Units

Increasing Deposit

The updated deposit terms allow you to:

  • Place the minimum monthly contribution on the deposit in parts.
  • Take advantage of the two-month grace period and keep the interest rate of the increasing deposit.
  • Receive the corresponding rate of the savings deposit, after using the grace period, in case of delay in the monthly minimum contribution.

Open a growing deposit, and get debit cards for free

Visa/Mastercard Gold

Visa/Mastercard Gold

For deposits amounting to 10,000 GEL or more. (Or an equivalent amount in a relevant currency, with the rates from National bank of Georgia)

Visa Platinum

Visa Platinum

For deposits amounting to 100,000 GEL or more. (Or an equivalent amount in a relevant currency, with rates from National Bank of Georgia)

Increasing Deposit Details

  • If the violation occurs within one calendar month from the deposit's opening date, a fine of 0.25% will be charged on the deposit amount. If the violation occurs after one calendar month, the deposit will be charged the interest rate applicable to the savings deposit at the bank at the time of the violation, based on the actual term placed.

 

  • If the deposit is breached, any previously paid benefits (if they were accrued monthly or in advance) will be deducted from the principal amount of the deposit.
Deposit opening Free
Minimum deposit amount (base/monthly) 20 units
Maximum deposit amount Unlimited
Currency GEL, USD, EURO
Term From 3 to 24 months
Withdrawal terms Monthly, at the end of the term

During the term, if you do not add minimum monthly installments for 2 consecutive months, the interest rate of the Increasing deposit is still retained. 
 

How do I open a deposit?

 
 
Log in to the Internet banking Visit: https://ebanking.ge/login and enter your credentials
 
Navigate to "Offers"
 
Select "Deposits"
 
Choose the desired deposit Enter the required information in the appropriate fields.
 
Log in to Mobile banking and enter your credentials Download with link or Scan QR 
 
Navigate to "Offers"
 
Choose the desired depositEnter the required information in the appropriate fields.

Contact us:

Interest Rates

Annual interest rate in GEL

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
3-5 9.60% 9.50%
6-8 9.95% 9.75%
9-11 10.05% 9.70%
12-14 10.10% 9.65%
15-17 10.10% 9.65%
18-20 10.30% 9.65%
21-23 10.30% 9.65%
24 10.30% 9.50%
  Effective interest rate in GEL:
Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
3-5 9.95% 9.92%
6-8 10.20% 10.20%
9-11 10.17% 10.14%
12-14 10.10% 10.09%
15-17 9.98% 10.09%
18-20 10.05% 10.09%
21-23 9.93% 10.09%
24 9.82% 9.92%
*Effective interest rate is calculated for 5 000 units. 

Annual Interest Rate in USD

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
3-5 2.45% 2.30%
6-8 2.65% 2.60%
9-11 2.70% 2.65%
12-14 3.00% 2.80%
15-17 3.10% 9.85%
18-20 3.25% 3.00%
21-23 3.40% 3.10%
24 3.45% 3.15%
  Effective interest rate in USD:
Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
3-5 2.47% 2.32%
6-8 2.67% 2.63%
9-11 2.71% 2.68%
12-14 3.00% 2.84%
15-17 3.09% 2.89%
18-20 3.22% 3.04%
21-23 3.36% 3.14%
24 3.39% 3.20%
  *Effective interest Rate is calculated for 5 000 units.
 

Annual Interest Rate in Eur

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
3-5 1.25% 1.15%
6-8 1.40% 1.35%
9-11 1.80% 1.60%
12-14 2.15% 2.10%
15-17 2.50% 2.20%
18-20 2.65% 2.30%
21-23 2.70% 2.40%
24 2.75% 2.50%
  Effective interest rate in EURO:
Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
3-5 1.26% 1.16%
6-8 1.40% 1.35%
9-11 1.80% 1.61%
12-14 2.15% 2.12%
15-17 2.49% 2.22%
18-20 2.63% 2.32%
21-23 2.67% 2.43%
24 2.71% 2.53%
  *Effective interest Rate is calculated on 5 000 units.

Other Deposits

Deposit Insurance

Deposit Insurance

Ability to securely store and accumulate funds.

Child Deposit

Child Deposit

To easily save money until the child reaches adulthood.

Royal Deposit

Royal Deposit

A flexible savings deposit card, offering unrestricted access to your funds.

Terawallet

Terawallet

Deposit-based digital wallet that helps you to save funds whenever you use your card.

Savings Deposit

Savings Deposit

Unlimited deposit and withdrawal options available.

Certificate of Deposit

Certificate of Deposit

Opportunity to invest free money.

Universal Deposit

Universal Deposit

Monthly withdrawals without losing interest benefits.

Flex Deposit

Flex Deposit

A particularly flexible time deposit that offers the option to withdraw funds early while earning a high interest rate.

Term Deposit

Term Deposit

You can save money in a term deposit for a predetermined period and receive high interest benefits.

Increasing Deposit

Increasing Deposit

The best way to save-up money with monthly additions and a high interest rate

Frequently Asked Questions

Didn't find what you're looking for? Send us a question
What interest rates are available for non-residents?

Interest rates for non-residents are determined by individual agreements. For more info, please contact us.
 

Is it possible to withdraw interest benefits without breaching the deposit?

Yes. It is possible to allow a deposit-secured-overdraft with standard conditions. Also, you can use the cash-cover loan.
 

Is it possible to retain an interest income for an increasing deposit, without deploying minimum monthly installments?

For two consecutive months, you have a grace period, which does not affect the interest rate of a growing deposit. 

What happens in case of the deposit breach?

After the grace period, in case of the monthly minimum installment delay, the account is accrued with the interest rate of the Savings Deposit. After the maturity of the minimum monthly installments is reached, the interest rate of the increasing deposit is restored. 
 

What happens, if the interest is withdrawn before the breach?

Already withdrawn interest (if the interest accrual period happened monthly) will be deducted from the principal amount of the increasing deposit. 
 

Got more questions?

info@terabank.ge Send us a message
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