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  USD  EUR
6-9 months 6.00% 2.00% 0.50%
9-12 months 6.25% 2.50% 1.00%
12-18 months 6.50% 3.00% 1.50%
18-24 months 7.00% 3.50% 2.00%
24 months 7.50% 4.00% 2.00%


Interest rates for monthly withdrawal:

Deposit Term  GEL  USD  EUR
6-9 months 5.50% 1.50% 0.25%
9-12 months 5.75% 2.00% 0.75%
12-18 months 6.00% 2.50% 1.25%
18-24 months 6.50% 3.00% 1.50%
24 months 7.00% 3.50% 1.50%


Interest rates for premature termination:

Deposit Term  GEL  USD  EUR
1-6 months 3.00% 0.60% -
6-12 months 4.00% 1.00% -
12-24 months 5.00% 1.50% 0.50%

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