Demand Deposit

Demand Deposit gives you free and unlimited access to your deposited funds. You can withdraw or add any amount to your deposit account anytime and still get a high interest. It is calculated based on a balance on the account at the end of each day and is accrued monthly.
 

General Terms:

Currency: GEL, USD, EUR
Minimum deposit balance for opening and interest accrual: 5,000 GEL/USD/EUR
Maximum deposit balance for opening and interest accrual: 2,500,000 GEL, 1,000,000 USD/EUR

Interest Rates:

GEL

USD

EUR

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

4%

4.07%

0.75%

0.75%

0.25%

0.25%


* Effective interest rate is calculated based on following example: the customer deposits 5,000 units when the deposit is opened. S/he adds 1,000 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.

Interest rates for non resident individuals and legal entities are 0,5% less.

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