Fees:
- Account opening free;
- Cash-out commission in GEL: 0,2 % of the deposit amount;
- Cash-out commission in foreign currency: 0,6 % of the deposit amount;
PERIOD |
INTEREST RATE |
INTEREST PAID AT MATURITY |
INTEREST PAID MONTHLY |
3-5 Months |
Annual |
9.55% |
9.45% |
Effective |
From 9.9% |
From 9.87% |
|
6-8 Months |
Annual |
9.90% |
9.70% |
Effective |
From 10.14% |
From 10.14% |
|
9-11 Months |
Annual |
10.00% |
9.65% |
Effective |
From 10.12% |
From 10.09% |
|
12 Months |
Annual |
10.05% |
9.6% |
Effective |
From 10.05% |
From 10.03% |
|
13-14 Months |
Annual |
10.05% |
9.60% |
Effective |
From 10.01% |
From 10.03% |
|
15-17 Months |
Annual |
10.15% |
9.60% |
Effective |
From 10.03% |
From 10.03% |
|
18-20 Months |
Annual |
10.25% |
9.60% |
Effective |
From 10.00% |
From 10.03% |
|
21-23 Months |
Annual |
10.30% |
9.50% |
Effective |
From 9.93% |
From 9.92% |
|
24 Months |
Annual |
10.35% |
9.45% |
Effective |
From 9.86% |
From 9.87% |
PERIOD |
INTEREST RATES |
INTEREST PAID AT MATURITY |
INTEREST PAID MONTHLY |
3-5 Months |
Annual |
0.75% |
0.75% |
Effective |
From 0.75% |
From 0.75% |
|
6-8 Months |
Annual |
1.05% |
1.05% |
Effective |
From 1.05% |
From 1.06% |
|
9-11 Months |
Annual |
1.25% |
1.25% |
Effective |
From 1.25% |
From 1.26% |
|
12 Months |
Annual |
1.45% |
1.45% |
Effective |
From 1.45% |
From 1.46% |
|
13-14 Months |
Annual |
1.45% |
1.45% |
Effective |
From 1.45% |
From 1.46% |
|
15-17 Months |
Annual |
1.50% |
1.50% |
Effective |
From 1.50% |
From 1.51% |
|
18-20 Months |
Annual |
1.60% |
1.55% |
Effective |
From 1.59% |
From 1.56% |
|
21-23 Months |
Annual |
1.75% |
1.70% |
Effective |
From 1.74% |
From 1.71% |
|
24 Months |
Annual |
1.95% |
1.90% |
Effective |
From 1.93% |
From 1.92% |
Things you should know:
- A Term Deposit can be opened for 3 months to 2 years;
- The deposit will not earn interest if cancelled within 12 months from opening;
- The deposit will earn annual 2% (GEL) from the date of opening till the date of early closure if cancelled after 12 months from opening;
- In case of termination after 12 month after opening of the deposit in foreign currencies no interest will be accrued on the deposit;
- If the deposit holder has already drawn the interest, the part of the interest paid early will be deducted from the deposit amount.
*Note: already withdrawn interest will be deducted from the principal amount.
**The Depositor shall be entitled to terminate the Agreement early.
- The deposit in the foreign currency puts the customer before significant risk.
- Currency rate fluctuation might considerably reduce the interest expressed in GEL.
- Your deposit is insured under the Deposit Insurance System in compliance with the Law of Georgia on Deposit Insurance System.
- If the Main Terms of the Agreement are revised, the customer will be notified thereof via SMS no later than 2 (two) months in advance, while price increase on other financial facilities will be communicated via SMS no later than 1 (one) month in advance.
- The customer shall have the right to present a claim to the Bank in verbal, written, standardized written or electronic form
- See information useful for customers at the web-page of the National Bank of Georgia- www.nbg.gov.ge/cp and the hot line +99532 2406 406.
On 1 January 2018, the Bank joined the Deposits Insurance System set up based on the Law of Georgia on Deposits Insurance System. If an insured event occurs, the amount available in the deposit/account of a depositor will be refunded by the Deposits Insurance Agency within the limit of 30 000 GEL, while the remaining amount will be refunded as envisaged by the applicable law. For more information, go to the Deposits Insurance Agency’s website: www.diagency.ge.