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  • Sell or reallocate the CD without bank approval
  • Borrow from TBC Bank within the purchase amount

General description

TBC Bank's Certificate of Deposit (CD) is a type of security representing the bank deposit; it is a bank's obligation towards the holder of the CD to fulfill all the terms and conditions incorporated in the CD.

Coupon CDs are sold at a nominal amount, with the coupon paid on a monthly basis; upon expiry of the term client receives the amount equal to the nominal.  
Example: a client wishes to purchase Coupon CD with the following conditions: 

  • Deposit Amount - (Nominal of CD) – GEL 10,000;
  • Term - 12 Months;
  • Interest Rate - 9.0%;
  • Monthly Coupon Payment will be GEL 75, Annual Payment – GEL 900;
  • Deposit Amount at Maturity date - (Nominal Value of CD) – GEL 10,000.

If the Bank decides to prematurely repurchase the Certificate of Deposit (CD) based on the Client's request, for the remaining term of the CD, the Client shall be liable to pay to the Bank the fee to be calculated as follows: the interest rate applicable at the Bank to a current CD with the same term (or, in the absence of such, the interest rate on a CD with a term that is longer but closest to the remaining term of the CD repurchased) as the remaining term of the CD on the day (at the moment) of repurchase plus 3%.

*The Bank reserves the right to refuse the option of buyback of the certificate of deposit before maturity date.

INTEREST RATES IN GEL

Period

Rate

Interest Rate

3 Months

Annual

7.40%

Effective

From - 7.66%

6 Months

Annual

8.10%

Effective

From - 8.41%

9 Months

Annual

8.55%

Effective

From - 8.9%

12 Months

Annual

8.95%

Effective

From - 9.34%

18 Months

Annual

9.45%

Effective

From - 9.89%

24 Months

Annual

9.70%

Effective

From - 10.17%

36 Months

Annual

9.85%

Effective

From - 10.32%

48 Months

Annual

9.85%

Effective

From - 10.31%

60 Months

Annual

10.00%

Effective

From - 10.47%

INTEREST RATES IN USD

Period

Rate

Interest Rate

3 -5 Months

Annual

1.65%

Effective

From 1.68%

6 - 8 Months

Annual

2.05%

Effective

From  2.04%

9 -11 Months

Annual

2.65%

Effective

From  2.73%

12 - 17 Months

Annual

3.25%

Effective

From  3.35%

18 - 23 Months

Annual

3.75%

Effective

From  3.85%

24 - 35 Months

Annual

4.20%

Effective

From  4.33%

36 - 47 Months

Annual

4.20%

Effective

From  4.33%

48 - 59 Months

Annual

4.30%

Effective

From  4.41%

60 Months

Annual

4.40%

Effective

From  4.46%

INTEREST RATES IN EUR

Period

Rate

Interest Rate

3 -5 Months

Annual

0%

Effective

From - 0.00%

6 - 8 Months

Annual

0.00%

Effective

From - 0.00%

9 -11 Months

Annual

0.20%

Effective

From - 0.20%

12 - 17 Months

Annual

0.85%

Effective

From - 0.85%

18 - 23 Months

Annual

1.15%

Effective

From - 1.16%

24 - 35 Months

Annual

1.45%

Effective

From - 1.46%

36 - 47 Months

Annual

1.85%

Effective

From - 1.87%

48 - 59 Months

Annual

1.90%

Effective

From - 1.92%

60 Months

Annual

1.95%

Effective

From - 1.97%

INTEREST RATES IN GBP

Period

Rate

Interest Rate

3 -5 Months

Annual

0%

Effective

0.00%

6 - 8 Months

Annual

0.20%

Effective

From 0.24%

9 -11 Months

Annual

0.95%

Effective

From 0.96%

12 - 17 Months

Annual

1.65%

Effective

From 1.68%

18 - 23 Months

Annual

1.85%

Effective

From 1.89%

24 - 35 Months

Annual

2.15%

Effective

From 2.17%

36 - 47 Months

Annual

2.25%

Effective

From 2.25%

48 - 59 Months

Annual

2.50%

Effective

From 2.53%

60 Months

Annual

2.65%

Effective

From 2.72%

Terms and Conditions

  • Purchasing of CD is free of charge; 
  • The confirming document for the holder of CD is the statement from the Bank certificate registry;
  • "TBC Bank" gives to the holder of certificates, statement from certificates registry, and in addition the Bank signs a certificate selling contract with the client;
  • An increase of amount on existing CD is not allowed;
  • Interest accrued on CD is not subject to taxation;
  • The holder of the certificate shall be entitled to sell the certificate to any person without pre-arrangement with the Bank;
  • Selling of CD to a third person, is charged by Bank with a commision of 0.1% of certificates nominal amount, minimum GEL 50;
  • Any payments relating to CD, shall be executed in "TBC Bank";
  • Upon  expiry of the term of certificate, the client is allowed to purchase new certificates;
  • The holder of certificate is allowed to take out a loan from "TBC Bank" within the purchase amount of certificates, by pledging them, at certificates interest rate plus 3%*.

 

Deposit Protection Notice For UK Citizens

JSC TBC Bank is a joint-stock company incorporated in Georgia, with its registered office and principal place of business at 7 Marjanishvili St., 0102 Tbilisi. JSC TBC Bank has a share capital of GEL 20,617,387 and total reserves of GEL 1,299,140,813 as of December 31, 2017. TBC Bank is the trading name of JSC TBC Bank. JSC TBC Bank is authorised and regulated for its deposit taking business by the National Bank of Georgia. JSC TBC Bank is not, and is not required to be, authorised in the UK. Depending on your status as a consumer, eligible deposits at JSC TBC Bank may be  protected under the regulations of the National Bank of Georgia and the Law of Georgia on Deposit Insurance.

 

Deposits Insurance System

Please be advised that from January 1, 2018, TBC Bank has joined the deposit insurance system designed in compliance with the Georgian Law on Deposit Insurance System. The Deposit Insurance Agency will provide GEL 5000 refund for any deposit/account held by a natural person with each commercial bank, irrespective of the number of deposits/accounts, while the rest of the amount will be reimbursed in compliance with the effective law.

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

 

How to Apply?

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