Deposits

Term deposit is the highest-return means of saving money at the bank. Term deposits are opened for pre-defined tenor through depositing one-off payment to the account.

Term Deposit conditions:

  • Minimum deposit amount – 100 GEL/USD/EUR;
  • Addition to or withdrawal of funds from term deposit are not accepted;
  • Tenor: 1-24 months
  • Withdrawal of accrued interest is possible on a monthly basis or upon maturity;
  • In case of monthly withdrawal of accrued interest, deposit interest rate is reduced by 0.5%;
  • In case of withdrawal of the deposit prior to maturity, 2% p.a. to be accrued to the actual tenor of the deposit;
  • Interest is accrued monthly, calculated on a 365-day basis;
  • Term deposit can be pledged as security against loans.

Annual interest rate:

Months Days GEL USD EUR
1 30-59 4% 1% 
0.5%
2 60-89 5% 1% 0.5%
3-5 90-179 8% 2% 0.5%
6-8 180-269 9% 2.5% 1%
9-11 270-364 9.5% 3% 1.5%
12-14 365-449 10% 3.5% 2%
15-17 450-539 10.10% 3.5% 2.10%
18-20 540-629 10.25% 3.75% 2.25%
21-23 630-729 10.35% 3.90% 2.40%
24 730 10.5% 4% 2.5%

Upon the day of maturity the deposit amount together with accrued interest shall be transferred to the current account of a legal entity.