Term Deposit

If you have a certain amount of money that you do not need for a particular period we recommend you to open a Term Deposit and get a high interest rate. You can choose the term of the deposit and the period to get the interest rate. Please note that you cannot withdraw or add any amount to the deposit. If you decide to cancel your deposit earlier than its maturity date, decreased interest rates will apply.

Service terms:
 

Currency: GEL, USD, EUR
Minimum deposit balance: 5,000 GEL/USD/EUR
Maximum deposit balance: 2,500,000 GEL, 1,000,000 USD/EUR
Terms: 1 month – 24 months

 

Interest Rates - Withdrawal at the End of Maturity:

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

1 month

6.00%

6.17%

1.25%

1.26%

0.50%

0.50%

3 months

8.00%

8.24%

1.50%

1.51%

0.50%

0.50%

6 months

8.50%

8.68%

2.15%

2.16%

1.00%

1.00%

9 months

9.00%

9.10%

2.75%

2.76%

1.25%

1.25%

12 months

9.25%

9.25%

3.00%

3.00%

1.50%

1.50%

18 months

9.50%

9.28%

3.50%

3.47%

2.00%

1.99%

24 months

9.50%

9.08%

3.50%

3.44%

2.00%

1.98%

Premature Cancellation

3.00%

 

0.50%

 

0.15%

 

 

Interest Rates - Monthly Withdrawal:

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

1 month

5.50%

5.64%

1.00%

1.00%

0.25%

0.25%

3 months

7.50%

7.76%

1.40%

1.41%

0.25%

0.25%

6 months

8.00%

8.30%

2.05%

2.07%

0.75%

0.75%

9 months

8.50%

8.84%

2.65%

2.68%

1.00%

1.01%

12 months

8.75%

9.11%

2.90%

2.94%

1.25%

1.26%

18 months

9.00%

9.37%

3.40%

3.45%

1.75%

1.76%

24 months

9.00%

9.38%

3.40%

3.45%

1.75%

1.76%

Premature Cancellation

3.00%

 

0.5%

 

0.15%

 

*Effective interest rate is calculated for 5 000 units. Effective interest rate changes according to the deposit volume, maturity date and interest accrual method.

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

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