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Depost, the annual interest rate of which, on a monthly basis is defined among Georgia's 7 largest and successful banks on 12 - montj term deposit with fixed maximum rate of +0.1%
Monitoring of deposit interest rates is carried out at the end of each month. In case of annual interest rate increase among the 7 banks, from the first day of the following month annual interest rate of all M7 depositors will automatically increase. In the case interest rate decrease, the annual interest rate will remain unchanged for M7 depositors
M7 Deposit Primary Conditions:
- Opening deposit and maintenance - free
- Term of Deposit - 12 months
- Deposit currency - GEL / USD / EUR
- the minimum amount to open deposit - 100 units
- Receiving accrued interest rate - end of the term or every month
- Adding amount to the deposit - not possible
By opening an M7 deposit you benefit M7 formula:
Stability + Comfort + High income = M7 Deposit
Stability
By opening an M7 deposit yu become a client of one of the most dynamically growing and stable banks, which serves nearly one-third of the country's population with its extensive network
Comfort
You will not have to lose time searching for the best conditions; we will do it instead of you. High profitability of your savings is our goal
High income
Your M7 deposit will accrue 12 - month term deposit at a fixed rate of maximum +0.1%, from 7 of the largest and successful banks in Georgia
The deposit can be opened with a simple procedure, by producing just an identity card or a pssport
M7 Deposit Annual Interest Rates of March 2013*
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Currency |
Interest rate of M7 deposit if client receives payment at the end of 1 year contract |
Interest rate of M7 deposit if client receives monthly payments |
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GEL |
12.85% |
12.35% |
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USD |
9.60% |
9.10% |
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EUR |
8.10% |
7.60% |
Liberty Bank offers lians at favorable rates to M7 deposit holders: annual interest on the deposit +4.00%
*In case of early termination of the deposit agreement:
- During first 30 days - interest rates will not be transferred
- After the first 30 days - deposit will accrue annual 2.00% of the amount according to duration of deposit actually held in the bank
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