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 USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3  - < 6 months 8.75% From 9.08% 2.50% From 2.53% 0.50% From 0.52%
6 - < 9 months 9.75% From 10.01% 3.00% From 3.04% 0.75% From 0.75%
9 - < 12 months 10.25% From 10.4% 3.50% From 3.53% 1.00% From 1%
12 - < 15 months 10.75% From 10.71% 4.00% From 4.01% 1.25% From 1.25%
15 - < 18 months 11.00% From 10.81% 4.25% From 4.23% 2.00% From 2%
18 - < 21 months 11.10% From 10.76% 4.40% From 4.35% 2.65% From 2.63%
21 - 24 months 11.25% From 10.71% 4.50% From 4.41% 2.75% From 2.72%
Premature Cancellation Fee  Interest rate which is defined for Demand Deposit for the same deposit currency

 

Interest Rates - Monthly Withdrawal:

  GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3  - < 6 months 8.25% From 8.59% 2.00% From 2.01% 0.25% From 0.24%
6 - < 9 months 9.25% From 9.69% 2.50% From 2.54% 0.30% From 0.30%
9 - < 12 months 9.75% From 10.22% 3.00% From 3.03% 0.50% From 0.48%
12 - < 15 months 10.25% From 10.75% 3.50% From 3.60% 0.75% From 0.72%
15 - < 18 months 10.50% From 11.04% 3.75% From 3.85% 1.50% From 1.52%
18 - < 21 months 10.60% From 11.16% 3.90% From 3.98% 2.15% From 2.17%
21 - 24 months 10.75% From 11.29% 4.25% From 4.35% 2.25% From 2.25%
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 USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3  - < 6 months 7.75% From 8.14% 1.50% From 1.52% 0.15% From 0.16%
6 - < 9 months 8.75% From 9.37% 2.30% From 2.35% 0.20% From 0.20%
9 - < 12 months 9.25% From 10.08% 2.80% From 2.87% 0.40% From 0.40%
12 - < 15 months 9.75% From 10.84% 3.30% From 3.42% 0.65% From 0.65%
15 - < 18 months 10.00% From 11.33% 3.55% From 3.71% 1.40% From 1.43%
18 - < 21 months 10.10% From 11.62% 3.70% From 3.89% 2.05% From 2.11%
21 - 24 months 10.25% From 12.00% 3.80% From 4.02% 2.15% From 2.22%
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.

Starting from January 1, 2018, the Bank joined the Deposit Insurance System which has been formed in accordance with the Law of Georgia “On Deposit Insurance System”. Any Individual will be reimbursed with up to 5,000 GEL by Deposit Insurance Agency regardless of the amount on their deposit/current account at any commercial bank. The remaining amount will be reimbursed in accordance with the acting legislation.

For additional information please visit the website of LEPL Deposit Insurance Agency: www.diagency.ge