Term Deposit

If you have a certain amount of money that you do not need for a particular period, we recommend you to open a 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. If you decide to cancel your deposit earlier than its maturity date, decreased interest rates will apply.

 

General Terms

You can open the Term Deposit in our Branch.

Min amount for opening: 100 GEL/USD/EUR

Max amount of opening: 2,500,000 GEL / 1,000,000 USD/EUR

 

Interest Rates - Withdrawal at the End of Maturity

  GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3  - < 6 months 8.25% From 8.52% 2.25% From 2.28% 0.25% From 0.24%
6 - < 9 months 9.25% From 9.48% 2.75% From 2.77% 0.50% From 0.5%
9 - < 12 months 9.75% From 9.89% 3.25% From 3.27% 0.75% From 0.75%
12 - < 15 months 10.25% From 10.21% 3.75% From 3.76% 1.00% From 1%
15 - < 18 months 10.50% From 10.32% 4.00% From 3.99% 1.75% From 1.75%
18 - < 21 months 10.60% From 10.29% 4.15% From 4.11% 2.40% From 2.39%
21 - 24 months 10.75% From 10.26% 4.25% From 4.17% 2.50% From 2.48%
Premature cancellation  - 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 7.75% From 8.07% 1.75% From 1.76% 0.10% From 0.12%
6 - < 9 months 8.75% From 9.12% 2.25% From 2.25% 0.15% From 0.12%
9 - < 12 months 9.25% From 9.7% 2.75% From 2.79% 0.25% From 0.24%
12 - < 15 months 9.75% From 10.23% 3.25% From 3.35% 0.50% From 0.48%
15 - < 18 months 10.00% From 10.51% 3.50% From 3.6% 1.25% From 1.28%
18 - < 21 months 10.10% From 10.63% 3.65% From 3.73% 1.90% From 1.93%
21 - 24 months 10.25% From 10.77% 4.00% From 4.1% 2.00% From 2.01%
Premature cancellation  - 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 7.25% From 7.62% 1.25% From 1.28% 0.07% From 0.08%
6 - < 9 months 8.25% From 8.8% 2.05% From 2.08% 0.10% From 0.01%
9 - < 12 months 8.75% From 9.5% 2.55% From 2.61% 0.15% From 0.15%
12 - < 15 months 9.25% From 10.23% 3.05% From 3.16% 0.40% From 0.4%
15 - < 18 months 9.50% From 10.69% 3.30% From 3.44% 1.15% From 1.17%
18 - < 21 months 9.60% From 10.97% 3.45% From 3.62% 1.80% From 1.85%
21 - 24 months 9.75% From 11.32% 3.55% From 3.74% 1.90% From 1.96%
Premature cancellation  - 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