Universal Deposit

Open an universal deposit, withdraw money once a month without losing interest and increase the initial contribution without limit.

  • Term: Lifetime
  • Minimal limit: 5 units
  • Currency: GEL, USD, EUR

Universal Deposit

Terms of Universal Deposit

Deposit opening Free
Minimum Initial deposit     5 units
Deposit currency GEL, USD, EUR
Deposit term Lifetime
Depositing Funds Unlimited
Minimum balance required for interest accrual 500 units
Withdrawal terms Once per month
Accrual of Interest Benefits Interest is calculated based on the daily balance credited to the deposit account. Benefits are credited once a month, on the first day of each subsequent calendar month
Frequency of withdrawing money from the deposit In case of withdrawing money from the deposit more than once a month, the interest rate to be charged at the end of the month changes and is determined in accordance with the rate applicable to the savings deposit in the bank at that time.

If you withdraw money from the universal deposit more than once a month, interest will be charged at the rate of the savings deposit. The interest benefit of the universal deposit will be restored the following month.

How to Open a Universal 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

GEL USD EUR
5.00% 1.10% 0.50%
 

Effective Interest Rate*

GEL USD EUR
3.86% 1.10% 0.50%
*The effective interest rate is calculated based on the condition of depositing 1 000 units in cash.

Please refer to the link for Terabank's standard terms and conditions for individual banking operations.

Frequently Asked Questions

Didn't find what you're looking for? Send us a question
Can I withdraw funds from the universal deposit?

Yes, withdrawals from the Universal deposit are permitted.

How will the benefit be calculated in the event of withdrawal?

If you withdraw the amount once a month, the benefit will remain unchanged. If you withdraw money from the deposit more than once a month, the interest benefit will be equal to that of the savings deposit. The interest benefits of the universal account will be restored the following month.

How is the interest benefit of the universal deposit calculated?

Interest accrues daily on the deposited balance. Benefits are disbursed monthly on the first day of each subsequent month.

What happens if the universal deposit terms are violated?

Failure to maintain the minimum monthly deposit results in the Universal deposit earning interest equivalent to a regular savings account for that month. Resumption of increased deposit benefits occurs upon reinstatement of the minimum monthly deposit.
 

What is the minimum deposit required for interest accrual?

5 units.

Other Deposits

Term Deposit

Term Deposit

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

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.

Flex Deposit

Flex Deposit

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

Increasing Deposit

Increasing Deposit

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

Universal Deposit

Universal Deposit

Monthly withdrawals without losing interest benefits.

Child Deposit

Child Deposit

To easily save money until the child reaches adulthood.

Deposit Insurance

Deposit Insurance

Ability to securely store and accumulate funds.

Savings Deposit

Savings Deposit

Unlimited deposit and withdrawal options available.

Certificate of Deposit

Certificate of Deposit

Opportunity to invest free money.

Got more questions?

info@terabank.ge Send us a message
Visit Us Check out our branches
Loans
Loans
Deposits
Deposits
Cards
Cards
More