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