GEO
Term Deposit

High yield, reliable protection of savings and possibility to receive benefits in advanca, monthly or at end of the term - this is the advantage of Term Deposit

Open the Term Deposit and enjoy a high interest withdrawal monthly, at the end of the term or upfront.
 
General Terms:
 
  • Opening and service fees - free
  • Deposit term - from 3 to 24 months
  • Available currencies: GEL / USD / 
  • Minimum deposit amount - 100 units in any currency
  • Interest withdrawal - monthly, at the end of the term or upfront
  • Topping up Term Deposit - unavailable

Annual Interest Rates - withdrawal at maturity:

 

Term (Month) GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3 7.80% 8.03% 1.95% 1.96%    
4 7.80% 8.01% 1.95% 1.96%    
5 7.80% 7.98% 1.95% 1.96%    
6 8.40% 8.58% 2.35% 2.36% 0.85% 0.85%
7 8.40% 8.55% 2.35% 2.36% 0.85% 0.85%
8 8.40% 8.52% 2.35% 2.36% 0.85% 0.85%
9 8.90% 9.00% 2.80% 2.81% 0.90% 0.90%
10 8.90% 8.96% 2.80% 2.81% 0.90% 0.90%
11 8.90% 8.93% 2.80% 2.80% 0.90% 0.90%
12 9.35% 9.35% 3.40% 3.40% 1.40% 1.40%
13-17 9.70% 9.66% 3.45% 3.45% 1.50% 1.50%
18 10.00% 9.77% 3.65% 3.62% 1.60% 1.59%
19-24 10.45% 10.15% 4.00% 3.95% 1.80% 1.79%
 


Monthly Withdrawl

Term (Month) GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3 7.70% 7.98% 1.80% 1.81%    
4 7.70% 7.98% 1.80% 1.81%    
5 7.70% 7.98% 1.80% 1.81%    
6 8.30% 8.62% 2.25% 2.27% 0.80% 0.80%
7 8.30% 8.62% 2.25% 2.27% 0.80% 0.80%
8 8.30% 8.62% 2.25% 2.27% 0.80% 0.80%
9 8.65% 9.00% 2.75% 2.78% 0.85% 0.85%
10 8.65% 9.00% 2.75% 2.78% 0.85% 0.85%
11 8.65% 9.00% 2.75% 2.78% 0.85% 0.85%
12 9.00% 9.38% 3.25% 3.30% 1.20% 1.21%
13-17 9.20% 9.60% 3.30% 3.35% 1.40% 1.41%
18 9.40% 9.82% 3.45% 3.51% 1.50% 1.51%
19-24 9.60% 10.03% 3.80% 3.87% 1.70% 1.71%

 

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

In case of monthly withdrawal, the interest rate shall be 0.50% less annual interest rate as listed in the table above

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

  • GEL: 6.00%
  • USD: 1.00%
  • EUR: 0.1%

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