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: 500 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)
 

Currency

GEL

GEL

USD

USD

EUR

EUR

Tenor

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3  - < 6 months

8.50%

From 8.84%

2.50%

From 2.53%

0.55%

From 0.55%

6 - < 9 months

9.50%

From 9.92%

3.00%

From 3.04%

0.80%

From 0.81%

9 - < 12 months

10.00%

From 10.49%

3.50%

From 3.57%

1.05%

From 1.06%

12 - < 15 months

10.25%

From 10.76%

4.00%

From 4.08%

1.30%

From 1.30%

18 - < 21 months

10.60%

From 11.17%

4.25%

From 4.35%

2.40%

From 2.44%

21 - <24 months

10.75%

From 11.34%

4.50%

From 4.61%

2.70%

From 2.75%

24 months

11.00%

From 11.60%

4.55%

From 4.66%

2.80%

From 2.84%

 

Zero-coupon CD (discounted)
 

Currency

GEL

GEL

USD

USD

EUR

EUR

Tenor

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3  - < 6 months

9.00%

From 9.31%

2.75%

From 2.78%

0.75%

From 0.76%

6 - < 9 months

10.00%

From 10.26%

3.25%

From 3.28%

1.00%

From 1.00%

9 - < 12 months

10.50%

From 10.65%

3.75%

From 3.77%

1.25%

From 1.25%

12 - < 15 months

11.00%

From 11.02%

4.25%

From 4.26%

1.50%

From 1.50%

18 - < 21 months

11.25%

From 11.00%

4.65%

From 4.61%

2.90%

From 2.89%

21 - 24 months

11.35%

From 10.94%

4.75%

From 4.68%

3.00%

From 2.98%

24 months

11.50%

From 10.94%

4.75%

From 4.66%

3.00%

From 2.96%

 

Other Terms:

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

Repurchase Fee payable to the bank will be current interest rate which is applicable at the Bank on the remaining term (or the next closest term) of the CD + 2%.

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 500 units.

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