•   Deposits  

     

Deposits

For Legal Entities

Term Deposit

PASHA Bank Term Deposit can be used by large enterprises, as well as medium and small enterprises with annual turnover exceeding one million GEL, or with a potential to achieve this figure in the near future.

PASHA Bank Term Deposit can be used by large enterprises, as well as medium and small enterprises with an annual turnover exceeding one million GEL, or with the potential to achieve this figure in the near future.

If you have a certain amount of money that you do not need for a particular period we recommend you 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  Effective USD Effective EUR Effective
1 - <3 months 10.75% From 11.28% 1.00% From 1.01% 0.35% From 0.35%
3 - <6 months 11.25% From 11.65% 1.25% From 1.26% 0.35% From 0.35%
6 - <9 months 11.30% From 11.54% 1.70% From 1.71% 0.70% From 0.70%
9 - <12 months 11.40% From 11.37% 2.00% From 2.01% 1.00% From 1.00%
12 - <15 months 11.50% From 11.41% 2.10% From 2.10% 1.10% From 1.10%
15-<18 months 11.70% From 11.45% 2.25% From 2.24% 1.25% From 1.25%
18 - <24 months 11.90% From 11.31% 2.35% From 2.32% 1.35% From 1.34%
24 months 12.30% From 11.62% 2.55% From 2.52% 1.55% From 1.54%
Rates for Premature Cancellation 2.00%   0.25%   0.00%  

 


Interest Rates - Monthly Withdrawal:

  GEL  Effective USD Effective EUR Effecitve
1 - <3 months 10.50% From 11.05% 0.75% From 0.75% 0.30% From 0.30%
3 - <6 months 10.75% From 11.33% 1.05% From 1.06% 0.30% From 0.30%
6 - <9 months 10.80% From 11.38% 1.55% From 1.55% 0.35% From 0.35%
9 - <12 months 10.90% From 11.49% 1.95% From 1.97% 0.85% From 0.85%
12 - <15 months 11.00% From 11.59% 2.10% From 2.12% 0.95% From 0.95%
15-<18 months 11.20% From 11.81% 2.20% From 2.22% 1.10% From 1.11%
18 - <24 months 11.40% From 12.01% 2.30% From 2.32% 1.30% From 1.31%
24 months 11.60% From 12.23% 2.50% From 2.53% 1.40% From 1.41%
Rates for Premature Cancellation 2.00%   0.25%   0.00%  

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

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

Fixed Term Deposit

If you have a certain amount of money that you do not need for a particular period we recommend you open a Fixed 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. The Bank does not have the obligation to cancel the deposit earlier than its maturity date. If the bank agrees to withdraw the deposit amount before its maturity, 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 - <3 months 11.00% From 11.55% 1.15% From 1.16% 0.50% From 0.50%
3 - <6 months 11.50% From 11.92% 1.40% From 1.41% 0.50% From 0.50%
6 - <9 months 11.55% From 11.80% 1.85% From 1.86% 0.85% From 0.85%
9 - <12 months 11.65% From 11.73% 2.15% From 2.16% 1.15% From 1.15%
12 - <15 months 11.75% From 11.66% 2.25% From 2.25% 1.25% From 1.25%
15 - <18 Months 11.95% From 11.69% 2.40% From 2.39% 1.40% From 1.40%
18 - <24 months 12.15% From 11.53% 2.50% From 2.47% 1.50% From 1.49%
24 Months 12.55% From 11.84% 2.70% From 2.66% 1.70% From 1.69%
Premature Cancellation Fee 2.00%   0.25%   0.00%  

 

Interest Rates - Monthly Withdrawal:

  GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
1 - <3 months 10.75% From 11.33% 0.90% From 0.91% 0.45% From 0.45%
3 - <6 months 11.00% From 11.60% 1.20% From 1.21% 0.45% From 0.45%
6 - <9 months 11.05% From 11.66% 1.70% From 1.72% 0.50% From 0.50%
9 - <12 months 11.15% From 11.76% 2.10% From 2.12% 1.00% From 1.01%
12 - <15 Months 11.25% From 11.87% 2.25% From 2.28% 1.10% From 1.11%
15 - <18 months 11.45% From 12.09% 2.35% From 2.38% 1.25% From 1.26%
18 - 24 months 11.65% From 12.29% 2.45% From 2.48% 1.45% From 1.46%
24 Months 11.85% From 12.51% 2.65% From 2.68% 1.55% From 1.56%
Premature Cancellation Fee 2.00%   0.25%   0.00%  


* 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.

Demand Deposit

PASHA Bank Demand Deposit can be used by large enterprises, as well as medium and small enterprises with an annual turnover exceeding one million GEL, or with the potential to achieve this figure in the near future.

Demand Deposit gives you free and unlimited access to your deposited funds. You can withdraw or add any amount to your deposit account anytime and still get a high interest. It is calculated based on a balance on the account at the end of each day and is accrued monthly.
 

General Terms:

Currency: GEL, USD, EUR
Minimum deposit balance for opening and interest accrual: 5,000 GEL/USD/EUR
Maximum deposit balance for opening and interest accrual: 2,500,000 GEL, 1,000,000 USD/EUR

 

Interest Rates:

GEL

USD

EUR

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3%

From 3.05%

0.50%

From 0.50%

0.25%

From 0.25%

* Effective interest rate is calculated based on the following example: the customer deposits 5,000 units when the deposit is opened. S/he adds 1,000 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.

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

Certificate of Deposit

If you have a certain amount of money that you do not need for a particular period, we recommend you to buy a Certificate of Deposit (CD) and get a high-interest rate. Certificate of Deposit will be issued electronically. PASHA Bank Georgia offers standard and non-standard CDs. The terms and conditions for standard CD is based on NBG’s provision of standard certificates of deposit for commercial banks.

You can buy Coupon CD (interest-bearing) or Zero-coupon CD (discounted):

Coupon CD is sold at a face value and the interest is paid monthly, quarterly, semi-annual or annual.

The zero-coupon CD is sold at a discounted rate, which then pays out the face value at maturity. The difference between the face value and the purchase amount is the interest earned by the client.

General Terms:

Currency: GEL, USD, EUR
Minimum Amount for Issuance: 5,000 GEL/USD/EUR
Maximum Amount for Issuance: 2,500,000 GEL, 1,000,000 USD/EUR
Tenor: 3 months – 24 months

Coupon CD (interest-bearing)

 

  GEL  Effective USD Effective EUR Effective
3 - <6 months 11.50% From 12.16% 1.20% From 1.21% 0.45% From 0.45%
6 - <9 months 11.55% From 12.22% 1.70% From 1.72% 0.50% From 0.50%
9 - <12 months 11.65% From 12.32% 2.10% From 2.12% 1.00% From 1.01%
12 - <15 months 11.75% From 12.43% 2.50% From 2.53% 1.35% From 1.36%
15 - <18 months 11.95% From 12.37% 2.60% From 2.63% 1.50% From 1.51%
18 - <24 months 12.15% From 12.85% 2.70% From 2.73% 1.70% From 1.71%
24 months 12.35% From 13.07% 2.90% From 2.94% 1.80% From 1.81%

 

Zero-coupon CD (discounted)

 

  GEL  Effective USD Effective EUR Effective
3 - <6 months 12.00% From 12.46% 1.40% From 1.41% 0.50% From 0.50%
6 - <9 months 12.05% From 12.32% 1.85% From 1.86% 0.85% From 0.85%
9 - <12 months 12.15% From 12.23% 2.15% From 2.16% 1.15% From 1.15%
12 - <15 months 12.25% From 12.15% 2.50% From 2.50% 1.50% From 1.50%
15 - <18 months 12.45% From 12.16% 2.65% From 2.64% 1.65% From 1.65%
18 - <24 months 12.65% From 11.99% 2.75% From 2.71% 1.75% From 1.74%
24 months 13.05% From 12.29% 2.95% From 2.91% 1.95% From 1.93%

 

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

Other Terms:

The disposal fee will be 0.1% of the Face value of CD, minimum 20 GEL. 

Repurchase Fee payable to the bank will be current interest rate which is applicable at the Bank on remaining term (or the next closest term) of the CD + 3%.

These interest rates are standard offers for monthly withdrawal of interest. Rates for different cases will be considered as special offers. Special offers will be defined individually.

*Effective interest rates are calculated for 5 000 units.

Effective interest rates change according to the CD volume, maturity date and interest accrual method.

For Individuals

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.

 

General Terms

You can open the Term Deposit in our Branch.

Min amount for opening: 100 GEL/USD/EUR

Max amount of opening: 2,500,000 GEL / 1,000,000 USD/EUR

 

Interest Rates - Withdrawal at the End of Maturity

  GEL  Effective USD Effective EUR Effective
3  - < 6 months 12.35% From 12.84% 1.70% From 1.71% 0.70% From 0.70%
6 - < 9 months 12.55% From 12.84% 2.20% From 2.22% 0.85% From 0.85%
9 - < 12 months 12.80% From 12.89% 2.60% From 2.61% 1.15% From 1.16%
12 - < 15 months 13.00% From 12.89% 2.90% From 2.89% 1.60% From 1.60%
15 - < 18 months 13.20% From 12.88% 2.95% From 2.94% 1.70% From 1.69%
18 - < 21 months 13.45% From 12.66% 3.10% From 3.07% 2.00% From 1.98%
21 - <24 months 13.70% From 12.93% 3.25% From 3.20% 2.25% From 2.23%
24 months 13.95% From 13.09% 3.35% From 3.29% 2.35% From 2.32%
Premature cancellation  - Interest rate which is defined for Demand Deposit for the same deposit currency

 

Interest Rates - Monthly Withdrawal

  GEL  Effective USD Effective EUR Effective
3  - < 6 months 12.25% From 13.01% 1.65% From 1.68% 0.65% From 0.67%
6 - < 9 months 12.30% From 13.01% 2.15% From 2.17% 0.80% From 0.84%
9 - < 12 months 12.35% From 13.13% 2.55% From 2.62% 0.90% From 0.92%
12 - < 15 months 12.40% From 13.13% 2.85% From 2.86% 1.55% From 1.56%
15 - < 18 months 12.45% From 13.21% 2.90% From 2.97% 1.65% From 1.68%
18 - < 21 months 12.50% From 13.24% 3.00% From 3.02% 1.75% From 1.75%
21 - <24 months 12.55% From 13.32% 3.20% From 3.22% 2.15% From 2.16%
24 months 12.60% From 13.37% 3.30% From 3.34% 2.25% From 2.24%
Premature cancellation  - Interest rate which is defined for Demand Deposit for the same deposit currency

 

Interest Rates - Withdrawal at the Beginning of Term

  GEL  Effective USD Effective EUR Effective
3  - < 6 months 11.95% From 12.93% 1.20% From 1.20% 0.50% From 0.50%
6 - < 9 months 11.75% From 12.91% 1.70% From 1.73% 0.55% From 0.55%
9 - < 12 months 11.55% From 12.87% 2.05% From 2.09% 0.60% From 0.60%
12 - < 15 months 11.35% From 12.83% 2.30% From 2.36% 0.65% From 0.66%
15 - < 18 months 11.15% From 12.78% 2.35% From 2.42% 0.70% From 0.70%
18 - < 21 months 10.95% From 12.73% 2.40% From 2.48% 1.40% From 1.43%
21 - <24 months 10.80% From 12.72% 2.50% From 2.59% 1.50% From 1.53%
24 months 10.65% From 12.72% 2.95% From 3.09% 1.95% From 2.01%
Premature cancellation  - Interest rate which is defined for Demand Deposit for the same deposit currency

 

* Effective interest rate is calculated for 100 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.

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, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 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

 

 

Fixed Term Deposit

If you have a certain amount of money that you do not need for a particular period we recommend you open a Fixed 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. The Bank does not have the obligation to cancel the deposit earlier than its maturity date. If the bank agrees to withdraw the deposit amount before its maturity, decreased interest rates will apply.

Service terms:

Currency: GEL, USD, EUR
Minimum deposit balance: 100 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  Effective USD Effective EUR Effective
3  - < 6 months 12.60% From 13.10% 1.85% From 1.86% 0.85% From 0.84%
6 - < 9 months 12.80% From 13.10% 2.35% From 2.36% 1.00% From 1.00%
9 - < 12 months 13.05% From 13.15% 2.75% From 2.75% 1.30% From 1.30%
12 - < 15 months 13.25% From 13.13% 3.05% From 3.05% 1.75% From 1.75%
15 - < 18 months 13.45% From 13.12% 3.10% From 3.08% 1.85% From 1.84%
18 - < 21 months 13.70% From 13.12% 3.25% From 3.21% 2.15% From 2.13%
21 - 24 months 13.95% From 12.97% 3.40% From 3.35% 2.40% From 2.37%
24 months 14.20% From 13.31% 3.50% From 3.44% 2.50% From 2.47%
Premature Cancellation Fee  - Interest rate which is defined for Demand Deposit for the same deposit currency

 

Interest Rates - Monthly Withdrawal:

  GEL  Effective USD Effective EUR Effective
3  - < 6 months 12.50% From 13.01% 1.80% From 1.80% 0.80% From 0.84%
6 - < 9 months 12.55% From 13.36% 2.30% From 2.37% 0.95% From 0.96%
9 - < 12 months 12.60% From 13.40% 2.70% From 2.74% 1.05% From 1.08%
12 - < 15 months 12.65% From 13.40% 3.00% From 3.02% 1.70% From 1.68%
15 - < 18 months 12.70% From 13.47% 3.05% From 3.10% 1.80% From 1.80%
18 - < 21 months 12.75% From 13.50% 3.15% From 3.22% 1.90% From 1.92%
21 - 24 months 12.80% From 13.59% 3.35% From 3.39% 2.30% From 2.36%
24 months 12.85% From 12.64% 3.45% From 3.46% 2.40% From 2.41%
Premature Cancellation Fee  - Interest rate which is defined for Demand Deposit for the same deposit currency

 

Interest Rates - Withdrawal at the Beginning of Term:

  GEL  Effective USD Effective EUR Effective
3  - < 6 months 12.20% From 13.25% 1.35% From 1.35% 0.65% From 0.64%
6 - < 9 months 12.00% From 13.22% 1.85% From 1.87% 0.70% From 0.70%
9 - < 12 months 11.80% From 13.18% 2.20% From 2.24% 0.75% From 0.75%
12 - < 15 months 11.60% From 13.15% 2.45% From 2.51% 0.80% From 0.81%
15 - < 18 months 11.40% From 13.11% 2.50% From 2.58% 0.85% From 0.86%
18 - < 21 months 11.20% From 13.07% 2.55% From 2.64% 1.55% From 1.58%
21 - 24 months 11.05% From 13.07% 2.65% From 2.75% 1.65% From 1.69%
24 months 10.90% From 13.08% 3.10% From 3.25% 2.10% From 2.17%
Premature Cancellation Fee  - Interest rate which is defined for Demand Deposit for the same deposit currency

 

* Effective interest rate is calculated for 100 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.

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, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 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

 

Demand Deposit

Demand Deposit gives you free and unlimited access to your deposited funds. You can withdraw or add any amount to your deposit account anytime and still get a high interest. It is calculated based on a balance on the account at the end of each day and is accrued monthly.

 

General Terms

You can open Demand Deposit in our Branch.

Min amount for opening: 10 GEL / 10 USD / 10 EUR

Max amount for opening: 2,500,000 GEL / 1,000,000 USD/EUR

 

Interest Rates

GEL

USD

EUR

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

6.75%

From 6.46%

1.25%

From 0.10%

0.25%

From -0.89%

* Effective interest rate is calculated based on the following example: the customer deposits 1000 units when the deposit is opened. S/he adds 1000 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.

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

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, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 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

 

Accumulative Deposit

Accumulative Term Deposit is recommended if you wish to save a certain amount of money within a definite time period. It requires a minimum initial deposit, after which you are free to add any amount anytime.

The Deposit guarantees you a high-interest rate that is paid out at the end of its term. Interest is calculated based on available balance and actual period. For the last two months till the maturity date, interest rates of Demand Deposit will be accrued on your Accumulative Term Deposit.

Please note that you cannot withdraw the amount from your deposit till the maturity date. In case of premature termination of the deposit, decreased interest rates will be applied.

 

General Terms

You can open the Accumulative Term Deposit in our Branch.

Min amount for opening: 10 GEL / USD/ EUR

Max amount for opening: 2,500,000 GEL / 1,000,000 USD/EUR

Interest Rates

  GEL  Effective USD Effective EUR Effective
3  - < 6 Months 12.35% From 8.85% 1.70% From 1.60% 0.70% From 0.72%
6 - < 9 Months 12.55% From 9.24% 2.20% From 2.20% 0.85% From 0.80%
9 - < 12 Months 12.80% From 9.64% 2.60% From 2.50% 1.15% From 1.19%
12 - < 15 Months 13.00% From 9.92% 2.90% From 2.81% 1.60% From 1.60%
15 - < 18 Months 13.20% From 10.16% 2.95% From 2.95% 1.70% From 1.68%
18 - < 21 Months 13.45% From 10.32% 3.10% From 3.35% 2.00% From 1.96%
21 - <24 Months 13.70% From 10.37% 3.25% From 3.18% 2.25% From 2.22%
24 Months 13.95% From 10.42% 3.35% From 3.29% 2.35% From 2.32%
Premature cancellation Interest rate which is defined for Demand Deposit for the same deposit currency;

 

* Effective interest rate is calculated based on the following example: the customer deposits 10 units when the deposit is opened. S/he adds 10 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.

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

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, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 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

 

Certificate of Deposit

If you have a certain amount of money that you do not need for a particular period, we recommend you to buy a Certificate of Deposit (CD) and get a high-interest rate. Certificate of Deposit will be issued electronically. PASHA Bank Georgia offers standard and non-standard CDs. The terms and conditions for standard CD are based on NBG’s provision of standard certificates of deposit for commercial banks.

You can buy Coupon CD (interest-bearing) or Zero-coupon CD (discounted):

Coupon CD is sold at a face value and the interest is paid monthly, quarterly, semi-annual or annual.

The zero-coupon CD is sold at a discounted rate, which then pays out the face value at maturity. The difference between the face value and the purchase amount is the interest earned by the client.

General Terms:

Currency: GEL, USD, EUR
Minimum Amount for Issuance: 1000 GEL/USD/EUR
Maximum Amount for Issuance: 2,500,000 GEL, 1,000,000 USD/EUR
Tenor: 3 months – 24 months

Coupon CD (interest-bearing)

  GEL  Effective USD Effective EUR Effective
3  - < 6 months 13.00% From 13.84% 1.80% From 1.82% 0.80% From 0.81%
6 - < 9 months 13.05% From 13.90% 2.30% From 2.33% 0.95% From 0.95%
9 - < 12 months 13.10% From 13.95% 2.70% From 2.73% 1.05% From 1.06%
12 - < 15 months 13.15% From 14.00% 3.25% From 3.30% 1.95% From 1.97%
15 - < 18 months 13.20% From 14.05% 3.30% From 3.35% 2.05% From 2.07%
18 - < 21 months 13.25% From 14.08% 3.40% From 3.44% 2.15% From 2.17%
21 - < 24 months 13.30% From 14.14% 3.60% From 3.65% 2.55% From 2.57%
24 months 13.35% From 14.19% 3.70% From 3.75% 2.65% From 2.68%

 

Zero-coupon CD (discounted)
 

  GEL  Effective USD Effective EUR Effective
3  - < 6 months 13.10% From 13.64% 1.85% From 1.86% 0.85% From 0.85%
6 - < 9 months 13.30% From 13.62% 2.35% From 2.36% 1.00% From 1.00%
9 - < 12 months 13.55% From 13.65% 2.75% From 2.76% 1.30% From 1.30%
12 - < 15 months 13.75% From 13.62% 3.30% From 3.30% 2.00% From 2.00%
15 - < 18 months 13.95% From 13.59% 3.35% From 3.33% 2.10% From 2.09%
18 - < 21 months 14.20% From 13.58% 3.50% From 3.46% 2.40% From 2.39%
21 - < 24 months 14.45% From 13.60% 3.65% From 3.59% 2.65% From 2.62%
24 months 14.70% From 13.75% 3.75% From 3.68% 2.75% From 2.71%

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

 

Other Terms:

The disposal fee will be 0.1% of the Face value of CD, a minimum of 20 GEL. 

Repurchase Fee payable to the bank will be the current interest rate which is applicable at the Bank on the remaining term (or the next closest term) of the CD + 3%.

These interest rates are standard offers for monthly withdrawal of interest. Rates for different cases will be considered as special offers. Special offers will be defined individually.

*Effective interest rates are calculated for 1000 units.

Effective interest rates change according to the CD volume, maturity date, and interest accrual method.

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, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 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