Certificate of Deposit


Certificate of deposit is the best way to invest your savings and earn the highest interest among deposit products.

The Certificate of deposit is a bank deposit, which confirms Bank’s obligation toward the certificate holder to fulfill all the terms and conditions, envisaged by the certificate.

Besides, unlike the bank deposit, the holder of the certificate has the right dispose (sell) it any time prior to certificate’s expiration.


VTB Bank (Georgia) offers you 2 types of the certificate:

Nominal value of the Discounted Certificate of Deposit is determined upon its purchase, but it is sold with a discount compared to its nominal value.  

The purchase price of Discounted CD is calculated in the following manner:

Nominal value of the certificate minus pre-negotiated discount rate. At the end of the certificate`s term the holder will receive the amount equal to the nominal value. The amount, envisaged by discount is the interest, receivable by the holder at the end of the term.

Example: In case the Discounted CD is purchased under following conditions
Term - 12 months
Purchase price - 10 000 GEL
Annual interest rate of the certificate - 10.5% (discount = 1050 GEL)
Nominal value of the certificate at the end of the term - 11 050 GEL (purchase price of certificate + discounted amount)


Interest rates

Term (month) GEL
6-8 9.20%
9-11 9.75%
12-17 10.5%
18-23 10.75% 
24-35 11%
36-47 11.25%
48-59 11.75%
60 12.25%

Coupon CD is purchased for its nominal cost.
Interest profit is accrued and paid monthly.
Upon expiration of the term the holder receives an amount equal to certificate`s nominal value.

Example: In case the Coupon CD is purchased under following conditions:
Term - 12 months
Purchase price(nominal value) of certificate - 10 000 GEL
Annual interest rate of the certificate - 9.75%
Monthly interest profit accrued 81.25 GEL (annual 975 GEL)
Nominal value of the certificate (deposit amount) upon expiration of the term - 10 000 GEL


Interest rates

Term (month) GEL
6-8 8.70%
9-11 9.25%
12-17 9.75%
18-23 9.80% 
24-35 9.85%
36-47 9.90%
48-59 9.95%
60 10%
 

Conditions of the Certificate of Deposit

                                                                                               Discounted Certificate of Deposit Coupon Certificate of Deposit   
CD purchase price        min. 10 000 units min. 10 000 units   
Currency GEL GEL
Highest interest rate 12.25% 10%
Term of the certificate 6-60 months 6-60 months    
Interest payed at maturity monthly
Disposal fee of 0.1%of certificates nominal amount, min. 50 GEL of 0.1%of certificates nominal amount, min. 50 GEL

General Terms and Conditions of Certificate of Deposit