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: 5,000 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
1 - <3 months 11.00% From 11.55% 1.15% From 1.16% 0.50% From 0.50%
3 - <6 months 11.50% From 11.92% 1.40% From 1.41% 0.50% From 0.50%
6 - <9 months 11.55% From 11.80% 1.85% From 1.86% 0.85% From 0.85%
9 - <12 months 11.65% From 11.73% 2.15% From 2.16% 1.15% From 1.15%
12 - <15 months 11.75% From 11.66% 2.25% From 2.25% 1.25% From 1.25%
15 - <18 Months 11.95% From 11.69% 2.40% From 2.39% 1.40% From 1.40%
18 - <24 months 12.15% From 11.53% 2.50% From 2.47% 1.50% From 1.49%
24 Months 12.55% From 11.84% 2.70% From 2.66% 1.70% From 1.69%
Premature Cancellation Fee 2.00%   0.25%   0.00%  

 

Interest Rates - Monthly Withdrawal:

  GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
1 - <3 months 10.75% From 11.33% 0.90% From 0.91% 0.45% From 0.45%
3 - <6 months 11.00% From 11.60% 1.20% From 1.21% 0.45% From 0.45%
6 - <9 months 11.05% From 11.66% 1.70% From 1.72% 0.50% From 0.50%
9 - <12 months 11.15% From 11.76% 2.10% From 2.12% 1.00% From 1.01%
12 - <15 Months 11.25% From 11.87% 2.25% From 2.28% 1.10% From 1.11%
15 - <18 months 11.45% From 12.09% 2.35% From 2.38% 1.25% From 1.26%
18 - 24 months 11.65% From 12.29% 2.45% From 2.48% 1.45% From 1.46%
24 Months 11.85% From 12.51% 2.65% From 2.68% 1.55% From 1.56%
Premature Cancellation Fee 2.00%   0.25%   0.00%  


* Effective interest rate is calculated for 5,000 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.