•   Deposits  

     

Deposits

Term Deposit

Term Deposits are made available to the clients for various durations and currencies. Accrued interest can be utilized at the end of the term, as well as on a monthly basis. For deposits in excess of maximum deposit balance the individual interest rates are offered on the basis of an individual agreement with the Bank.

Service terms:
 

Currency: GEL, USD, EUR
Minimum deposit balance: 50,000 GEL, 20,000 USD/EUR
Maximum deposit balance: 2,500,000 GEL, 1,000,000 USD, 500,000EUR
Terms: 6 months – 24 months

Interest rates:

Deposit Term GEL GEL Effective USD USD Effective EUR EUR Effective
6-9 Months 6.00% 5.95% 2.00% 1.97% 0.50% 0.49%
9-12 Months 6.25% 6.16% 2.50% 2.45% 1.00% 0.98%
12-18 Months 6.50% 6.41% 3.00% 2.96% 1.50% 1.48%
18-24 Months 7.00% 6.77% 3.50% 3.41% 2.00% 1.96%
24 Months 7.50% 7.14% 4.00% 3.87% 2.00% 1.95%


Interest rates for monthly withdrawal:

Deposit Term GEL GEL Effective USD USD Effective EUR EUR Effective
6-9 Months 5.50% 5.45% 1.50% 1.47% 0.25% 0.24%
9-12 Months 5.75% 5.66% 2.00% 1.96% 0.75% 0.73%
12-18 Months 6.00% 5.92% 2.50% 2.47% 1.25% 1.23%
18-24 Months 6.50% 6.29% 3.00% 2.93% 1.50% 1.47%
24 Months 7.00% 6.67% 3.50% 3.39% 1.50% 1.47%


Interest rates for premature termination:

Deposit Term GEL GEL Effective USD USD Effective EUR EUR Effective
1-6 Months 3.00% 2.94% 0.60% 0.58% 0.00% 0.00%
6-12 Months 4.00% 3.96% 1.00% 0.89% 0.00% 0.00%
12-24 Months 5.00% 4.81% 1.50% 1.47% 0.50% 0.49%

* Interest rates for non-residents might require further negotiations.

Please be informed, that as of 1 January 2018, in accordance with the Law of Georgia on Deposit Insurance System, all sums existed 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

Demand Deposit

PASHA Bank offers daily interest accruals on the account balance provided the current account balance is not less than the specified minimum amount. This allows the client to earn a return while maintaining unlimited access to the funds.

For terms of service please contact the bank.

Starting from January 1, 2018 the Bank joined Deposit Insurance System which has been formed in accordance to the Law of Georgia “On Deposit Insurance System”. Any Individual will be reimbursed with up to 5,000 GEL by Deposit Insurance Agency regardless the amount on their deposit/current account at any commercial bank. The remaining amount will be reimbursed in accordance with acting legislation.

For additional information please visit website of LEPL Deposit Insurance Agency: www.diagency.ge