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 |
7.25% |
7.20% |
Effective |
From 4.91% |
From 7.44% |
|
6-8 Months |
Annual |
7.45% |
7.30% |
Effective |
From 6.80% |
From 6.55% |
|
9-11 Months |
Annual |
7.60% |
7.40% |
Effective |
From 7.38% |
From 7.66% |
|
12-14 Months |
Annual |
7.75% |
7.45% |
Effective |
From 7.64% |
From 7.71% |
|
15-17 Months |
Annual |
7.90% |
7.50% |
Effective |
From 7.78% |
From 7.76% |
|
18-23 Months |
Annual |
8.10% |
7.60% |
Effective |
From 7.86% |
From 7.87% |
|
24 Months |
Annual |
8.30% |
7.65% |
Effective |
From 7.89% |
From 7.92% |
- You can open a Term+ Deposit for the period of 3 to 24 months;
- Additional deposit made within the last 3 months before the maturity shall accrue interest similar to that of a savings deposit. Appropriate annual interest, given in the table is applied for the additional deposits made within the period above 3 months term before expiration date.
- Additional transfers to the Term+ Deposit account are not limited via Internet and Mobile Banking or from other bank accounts;
- The interest on each additional contribution tranche of "Term+" deposit shall be accrued according to the interest rate stipulated by the bank for the relevant "term+" deposit before epiration of the term of deposit.
- In case of its termination within 12 months from the opening of the deposit, no interest shall be accrued on the deposit;
- in case of termination after 12 month after opening of the deposit, the relevant annual 2% in GEL shall be accrued to the account for the actual period of placement, from the effective date of the Agreement until the date of its termination.
- In case of termination after 12 month after opening of the deposit in foreign currencies no interest will be accrued on the deposit;
*Note: already withdrawn interest will be deducted from the principal amount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.