Term Deposit

Term deposit is the most high income way of storing money in bank. The Term deposit is opened for the predetermined term and money can be deposited only once.

Opening a deposit account free
Currency of deposit GEL/USD/EUR
Minimum amount 100 units
Maximum nominal interest 10.5%
Maximum effective interest 10%
Term of deposit 3-24 months
Interest withdrawal monthly, at the end of the term

If interest yield is cashed on monthly basis, rates set for paying yield at the end of term shall be reduced by - 0.5% for deposits in GEL, and - 0.20% for deposits in foreign currency. 

Annual interest at the end of the term

Day Month Rate GEL USD EUR

90-179

3
Nominal 8% 2% 0.5%
Effective 8.24% 2.02% 0.5%

180-269

6
Nominal 9% 2.25% 0.75%
Effective 9.20% 2.26% 0.75%

270-364

9  
Nominal 9.5% 2.75% 1.25%
Effective 9.61% 2.76% 1.25%

365-449

12  
Nominal 10% 3.25% 1.75%
Effective 10% 3.25% 1.75%

450-539

15  
Nominal 10.10% 3.25% 1.75%
Effective 9.98% 3.24% 1.75%

540-629

18
Nominal 10.25% 3.5% 2%
Effective 10% 3.47% 1.99%

630-729

21
Nominal 10.35% 3.65% 2.15%
Effective 9.98% 3.60% 2.13%

730

24
Nominal 10.5% 3.75% 2.25%
Effective 10% 3.68% 2.23%

Annual interest - monthly

Day Month Rate GEL USD EUR

90-179

3
Nominal 7.5% 1.80% 0.30%
Effective 7.76% 1.81% 0.30%

180-269

6
Nominal 8.5% 2.05% 0.55%
Effective 8.84% 2.07% 0.55%

270-364

9  
Nominal 9% 2.55% 1.05%
Effective 9.38% 2.58% 1.06%

365-449

12  
Nominal 9.5% 3.05% 1.55%
Effective 9.92% 3.09% 1.56%

450-539

15  
Nominal 9.60% 3.05% 1.55%
Effective 10.03% 3.09% 1.56%

540-629

18
Nominal 9.75% 3.30% 1.80%
Effective 10.20% 3.35% 1.81%

630-729

21
Nominal 9.85% 3.45% 1.95%
Effective 10.31% 3.51% 1.97%

730

24
Nominal 10% 3.55% 2.05%
Effective 10.47% 3.61% 2.07%


Advantages:

  • Opening deposit is free of chargeо
  • Deposit can be in GEL / USD / EUR
  • High interest rate will be applied
  • The interest can be withdrawn at the end of the term or monthly
  • You select the day convenient for you
  • You can use the loan with deposit collateral