GEO
Accumulative Deposit

Accrue for special moments! Flexible conditions and high interest rate.

General Terms:
 
Opening and service fees - free
Deposit term - from 6 to 24 months
Available currencies: GEL / USD / EUR
Min. deposit amount - 5.00 GEL / USD / EUR
Max. deposit amount - unlimited
Interest withdrawal - at the end of the term 
Account top up at any time:  Min.  - 5.00 GEL / USD / EUR & Max. – unlimited
 
Free automatic transactions for topping up accumulative deposit is available. 

 

Annual Interest Rates - withdrawl at maturity

 

Term (Month)

GEL USD EUR
Nominal Effective Nominal Effective Nominal Effective
6 8.30% 8.47% 2.30% 2.31% 0.75% 0.75%
7-9 8.80% 8.96% 2.75% 2.77% 0.80% 0.80%
10-12 9.25% 9.32% 3.30% 3.31% 1.30% 1.30%
13-18 9.90% 9.86% 3.40% 3.40% 1.50% 1.50%
19-24 10.35% 10.10% 3.85% 3.81% 1.70% 1.69%
 

 

Additional Terms & Conditions that apply to Accumulative Deposit interest rate:

In case the contract is terminated prematurely, the following rates will apply:​

  • GEL: 6.00%
  • USD: 1.00%
  • EUR: 0.10%

As of 1 January 2018, in accordance with the Law of Georgia on Deposit Insurance System, all sums existing at all accounts of natural persons, regardless number of accounts, are insured for each bank and are compensated by the Deposit Insurance Agency up to the  5,000 GEL; the remainder shall be compensated as provided under the effective legislation of Georgia. 

For more information on deposit insurance system, see web site of LEPL Deposit Insurance Agency: www.diagency.ge