Term Deposit

Term deposit will allow you to allocate the amount at the deposit for a definite term and get the high rate of interest.

In case of opening the deposit you will receive the following at no cost:

  • Visa/Mastercard Gold, if the total amount of time deposits is at least GEL 10,000 or its equivalent in the relevant currency at the rate of the National Bank.
  • Visa Platinum, if the total amount of time deposits is at least 100,000 GEL or its equivalent in the relevant currency at the rate of the National Bank.

Note: If the depositor wishes, an overdraft secured by a deposit can be opened on the account under standard conditions.

 

Deposit Terms:

  • Deposit opening - free

  • Deposit term - from 3 up to 24 months

  • Deposit currency - GEL, USD, EURO

  • Deposit amount - from 500 units*

  • The amount shall not be reduced or increased during the validity period of the agreement

  • Accrued interest can be used on a monthly basis, at the end of the term or in advance

  • In case of breach of deposit maturity, if the mentioned breach was made before expiry of one calendar month from the date of its opening, penalty, in the amount of 0, 25% will be charged on the deposit amount. If the deposit was breached after expiry of one calendar month from the date of its opening, the interest rate, applicable for the saving deposit at the bank in the moment of breach, will be charged on the deposit. In case of breach of deposit, already withdrawn interest (if the interest accrual periodicity was monthly) will be deducted from the principal amount of deposit.

*Effective interest Rate is calculated on 5,000 unit.

Interest rates for non-residents are determined by individual agreement

Annual interest rate in GEL:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis Interest withdrawal in advance
3-5

11.30%

11.10%

10.75%

6-8

11.75%

11.25%

10.70%

9-11

11.95%

11.30%

10.65%

12-14

12.20%

11.35%

10.55%

15-17

12.25%

11.40%

10.50%

18-20

12.30%

11.45%

10.35%

21-23

12.40%

11.50%

10.25%

24

12.50%

11.55%

10.20%

 

Effective interest rate in GEL:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis Interest withdrawal in advance

3-5

11.79%

11.68%

11.63%

6-8

12.09%

11.85%

11.74%

9-11

12.12%

11.90%

11.86%

12-14

12.20%

11.96%

11.92%

15-17

12.07%

12.01%

12.04%

18-20

11.95%

12.07%

12.03%

21-23

11.87%

12.13%

12.09%

24

11.80%

12.18%

12.09%

Annual Interest Rate in USD 

Deposit rateა

Interest withdrawal at the end of the term

Interest withdrawal on a monthly basis

Interest withdrawal in advance

3-5

2.65%

2.55%

1.70%

6-8

2.70%

2.60%

1.80%

9-11

2.75%

2.70%

2.15%

12-14

3.20%

3.10%

2.55%
15-17

3.30%

3.20%

2.55%

18-20

3.45%

3.40%

2.80%

21-23

3.50%

3.40%

2.85%

24

3.55%

3.45%

2.80%

 

Effective Interest Rate in USD 

Deposit term

Interest withdrawal at the end of the term

Interest withdrawal on a monthly basis    

Interest withdrawal in advance

3-5

2.68%

2.58%

1.72%

6-8

2.72%

2.63%

1.83%

9-11

2.76%

2.73%

2.20%

12-14 3.20% 3.14% 2.62%

15-17

3.29%

3.25%

2.63%

18-20

3.42%

3.45%

2.91%

21-23

3.46%

3.45%

2.97%

24

3.49%

3.51%

2.92%

*Effective interest Rate is calculated on 5,000 unit.

Annual Interest Rate in Euro 

Deposit term

Interest withdrawal at the end of the term

Interest withdrawal on a monthly basis

Interest withdrawal in advance

3-5

1.60%

1.50%

1.35%

6-8

1.75%

1.50%

1.35%

9-11

2.00%

1.80%

1.75%

12-14

2.50%

2.30%

2.15%

15-17 2.70% 2.60% 2.20%

18-20

2.80%

2.70%

2.30%

21-23

2.85%

2.75%

2.35%

24

2.90%

2.80%

2.40%

 

Effective Annual Rate in Euro 

Deposit term

Interest withdrawal at the end of the term

Interest withdrawal on a monthly basis

Interest withdrawal in advance

3-5

1.61%

1.51%

1.36%

6-8

1.76%

1.51%

1.37%

9-11

2.00%

1.81%

1.78%

12-14

2.50%

2.32%

2.20%

15-17

2.69%

2.63%

2.26%

18-20

2.78%

2.73%

2.37%

21-23

2.82%

2.78%

2.43%

24

2.86%

2.84%

2.49%

*Effective interest Rate is calculated on 5,000 unit.

 

 

 

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