Deposit conditions:
- Deposit opening and service - free of charge;
- Deposit term - not defined;
- Deposit currency - GEL, USD, EUR, GBP
- Initial minimum contribution to the deposit - not required;
Interest is accrued on the minimum balances, i.e. intact amount, recorded on the account in the period from the first to the last day of the month;
- Interest on the deposit is accrued not only on the amount you deposited but also on the interest accrued on it;
- It is possible to add money to the deposit at any time, in an unlimited amount;
- Both cash and non-cash contributions are allowed on the deposit account;
- Interest accrued on the amount placed on the deposit can be withdrawn at any time for free;
- The amount placed on the deposit may be withdrawn at any time:
- free of charge, if the amount is withdrawn from the branch/service center where the amount was deposited in cash;
- free of charge, from the branch/service center where this amount was deposited in cash through an ATM and/or fast payment (LB Pay/365) machine located in the surrounding area;
- In other cases, the service fee charged for withdrawing money from the account defined for the relevant tariff package will be applied to the withdrawal;
- The deposit may be opened and managed in service units of JSC Liberty Bank;
- Periodicity of receiving interest - at the end of each calendar month;
- Type of interest rate - variable;
The annual interest rate of the "Saving More" (Shemnakhveli Meti) deposit:
| Currency |
Nominal |
Effective |
| GEL |
9.00% |
9.79% |
| USD |
0.50% |
0.50% |
| EUR |
0.25% |
0.25% |
| GBP |
0.10% |
0.10% |
*The effective rate is calculated assuming that the balance on the deposit at the end of each day is 1,000 units;
Deposit in foreign currency:
- A deposit placed in foreign currency exposes the customer to a significant risk;
- A change in the exchange rate may significantly reduce the benefit expressed in GEL;
Please, take into consideration:
- Your deposit is insured within the framework of the deposit insurance system created under the Law of Georgia on "Deposit Insurance System";
- In case of a change in the significant terms of the contract, the user will be informed by a short text message at least 2 (two) months before the change, and in case of an increase in the price of another financial product - at least 1 (one) month before;
- The user has the right to submit a claim to the bank in oral, free written, standard written, or electronic form;
- Get acquainted with useful information for users on the website of the National Bank of Georgia - www.nbg.gov.ge/cp and via the hotline + 995 322 406406
Since January 1, 2018, the bank has participated in the deposit insurance system created under the Law of Georgia on "Deposit Insurance System". In the event of an insurance event, the available amount on the depositor's deposit/account will be reimbursed by the Deposit Insurance Agency within the limit of 30,000 GEL, and the remaining amount will be reimbursed following the rules envisaged under the applicable legislation. For more information, you may visit the website of the Deposit Insurance Agency: www.diagency.ge
