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 Accumulative Term Deposit in our Branch.

Min amount for opening: 500 GEL / USD/ EUR

 

Interest Rates

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3 months

8.50%

8.46%

2.50%

2.44%

0.50%

0.58%

6 months

9.50%

9.25%

3.00%

2.81%

0.75%

0.69%

9 months

10.00%

9.65%

3.50%

3.16%

1.00%

0.85%

12 months

10.50%

9.98%

4.00%

3.50%

1.25%

1.01%

15 months

10.75%

10.13%

4.25%

3.72%

2.00%

1.37%

18 months

10.85%

10.24%

4.40%

3.90%

2.65%

1.75%

24 months

11.00%

10.31%

4.50%

4.09%

2.75%

2.11%

36 months

11.25%

10.22%

4.75%

4.26%

2.80%

2.42%

48 months

11.50%

10.05%

4.80%

4.35%

2.90%

2.55%

60 months

11.50%

9.86%

4.80%

4.36%

2.90%

2.61%

Premature Cancellation

4.00%

 

1.00%

 

0.25%

 

* Effective interest rate is calculated based on the following example: the customer deposits 500 units when the deposit is opened. S/he adds 100 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.