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 11.35% From 9.39% 1.70% From 1.60% 0.70% From 0.72%
6 - < 9 Months 11.55% From 11.24% 2.20% From 2.20% 0.85% From 0.80%
9 - < 12 Months 11.80% From 11.77% 2.60% From 2.50% 1.15% From 1.19%
12 - < 15 Months 11.95% From 11.94% 2.90% From 2.81% 1.60% From 1.60%
15 - < 18 Months 12.20% From 12.11% 2.95% From 2.95% 1.70% From 1.68%
18 - < 21 Months 12.40% From 12.21% 3.10% From 3.35% 2.00% From 1.96%
21 - <24 Months 12.60% From 12.31% 3.25% From 3.18% 2.25% From 2.22%
24 Months 12.80% From 12.46% 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