A Flex deposit is a term deposit that offers exceptional flexibility. Unlike traditional term deposits, where early withdrawal results in the loss of interest benefits, the Flex deposit allows for early withdrawal with interest accrued corresponding to the actual term. However, the deposit amount cannot be reduced or increased during the contract period.
Open a Flex deposit, and get debit cards for free
Visa/Mastercard Gold
For term 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
For term deposits amounting to 100,000 GEL or more. (Or an equivalent amount in a relevant currency, with rates from National Bank of Georgia)
Terms
| Minimum Amount | 1 000 units |
|---|---|
| Maximum Amount | 300 000 units |
| Deposit term | 12 months |
Annual Deposit Rates
| Months | GEL | USD | EUR |
|---|---|---|---|
|
3-5 |
9.90% |
2.45% |
1.45% |
|
6-8 |
10.00% |
2.50% |
1.60% |
|
9-11 |
10.05% |
2.55% |
1.70% |
| 12 |
10.10% |
3.00% |
2.20% |
Effective Deposit Rates*
| Months | GEL | USD | EUR |
|---|---|---|---|
|
3-5 |
10.36% |
2.47% |
1.46% |
|
6-8 |
10.47% |
2.52% |
1.61% |
|
9-11 |
10.53% |
2.56% |
1.70% |
| 12 |
10.58% |
3.00% |
2.20% |
*Effective interest Rate is calculated on 5 000 unit.
-
In case of a breach of the deposit terms within one calendar month from the date of opening, a penalty of 0.25% will be charged on the deposit amount.
-
If the breach occurs within three months of opening the deposit, the current savings deposit interest rate applicable at the bank (in the relevant currency) will be accrued on the deposit.
-
In case of a breach of the deposit before the due date, the interest rate for the full months preceding the breach will be accrued on the deposit.
How do I open a deposit?
Contact us:
- Phone: 032 255 00 00
- Email: info@terabank.ge
Additional Services
Interest rates for non-residents are determined by individual agreements.
Yes, if desired, an overdraft secured by a certificate can be opened on the deposit account under standard conditions. Additionally, it is possible to use cash-cover loan.
Once the deposit is opened, the conditions cannot be altered.
If the violation is committed within one calendar month from the date of opening the deposit, a fine of 0.25% will be charged on the deposit amount. If the violation occurs more than three months after opening the deposit, the current savings deposit interest rate of the bank (in the relevant currency) will be applied. In the case of a breach of the Flex deposit, you will still benefit from the interest rate for the full months before the breach.
