The minimum balance for the Term Deposits is 100 GEL/USD/EUR.
You can get the interest at the end of deposit term, as well as monthly.
It is not allowed to add extra amounts to the Term Deposits.
In the case of early termination of the deposit:
- If the deposit is canceled within 90 days from the date of opening/renewal, deposit interest rates: GEL - 1%. USD - 0.2%. EUR - 0.1%. Not more than 50% of the nominal interest rate of the same deposit.
- If the deposit is canceled on and after the 90th day from the date of opening/renewal deposit interest rates: GEL – minus 4% the nominal interest rate of the deposit. USD – minus 1% the nominal interest rate of the deposit. EUR – minus 0.5% the nominal interest rate of the deposit. Not less than the interest rate valid for up to 90 days.
Annual Interest Rate - at the end of deposit term
Month
Nominal
Effective
Nominal
Effective
Nominal
Effective
Annual Interest Rate - monthly withdrawal
Month
Nominal
Effective
Nominal
Effective
Nominal
Effective
Note: In the case of early termination of the deposit with monthly withdrawal, the difference between the interest amount received from the deposit opening and the amount charged according to the interest rate determined for early termination will be deducted from the principal amount of the deposit.
From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System.
In case of insurance event, the amount available on the depositor’s deposit/account will be reimbursed by the Deposit Insurance Agency, within the limit 30 000 Gel. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.
For more information on deposit insurance system, visit web site at: www.diagency.ge“.
