General Description

If you are comfortable with "locking in" Company funds for a particular period, then a Term Deposit is the best way to save while getting the highest guaranteed interest rate.

The highest interest rates will be accrued on an amount that is deposited for a certain term. You can get the interest at the end of deposit term, as well as at the end of each month or even beforehand, on the opening day of the Term Deposit.

INTEREST RATES IN GEL

Period

Interest Rate

Interest withdrawal at the end of the term

Interest withdrawal on a monthly basis

Interest withdrawal in advance

3-5 Months

Annual

4%

3.50%

3.00%

Effective

From 4.06%

From 3.56%

From 3.06%

6-8 Months

Annual

6%

5.50%

5.00%

Effective

From 6.09%

From 5.64%

From 5.19%

9-11 Months

Annual

7.50%

7.00%

6.50%

Effective

From 7.57%

From 7.23%

From 6.89%

12 Months

Annual

8.00%

7.50%

7.00%

Effective

From 8.00%

From 7.76%

From 7.53%

13-14 Months

Annual

8.00%

7.50%

7.00%

Effective

From 7.97%

From 7.76%

From 7.55%

15-17 Months

Annual

8.00%

7.50%

6.00%

Effective

From 7.92%

From 7.76%

From 6.44%

18-20 Months

Annual

8.10%

7.60%

6.10%

Effective

From 7.94%

From 7.87%

From 6.61%

21-23 Months

Annual

8.20%

7.70%

6.20%

Effective

From 7.96%

From 7.98%

From 6.78%

24 Months

Annual

8.25%

7.75%

6.25%

Effective

From 7.93%

From 8.03%

From 6.91%

INTEREST RATES IN USD

Period

Interest Rate

Interest withdrawal at the end of the term

Interest withdrawal on a monthly basis

Interest withdrawal in advance

6-8 Months

Annual

1.00%

0.50%

 -

Effective

From 1.00%

From 0.5%

 -

9-11 Months

Annual

2.00%

1.50%

1.00%

Effective

From 2.01%

From 1.51%

From 1.01%

12 Months

Annual

2.50%

2.00%

1.50%

Effective

From 2.5%

From 2.02%

From 1.52%

13-14 Months

Annual

2.50%

2.00%

1.50%

Effective

From 2.5%

From 2.02%

From 1.52%

15-17 Months

Annual

2.50%

2.00%

0.50%

Effective

From 2.49%

From 2.02%

From 0.5%

18-20 Months

Annual

2.60%

2.10%

0.60%

Effective

From 2.58%

From 2.12%

From 0.6%

21-23 Months

Annual

2.70%

2.20%

0.70%

Effective

From 2.67%

From 2.22%

From 0.71%

24 Months

Annual

2.75%

2.25%

0.75%

Effective

From 2.71%

From 2.27%

From 0.76%

INTEREST RATES IN GBP

Period

Interest Rate

Interest withdrawal at the end of the term

Interest withdrawal on a monthly basis

Interest withdrawal in advance

6-8 Months

Annual

0.50%

 -

 -

Effective

From 0.5%

 -

 -

9-11 Months

Annual

1.00%

0.50%

 -

Effective

From 1.00%

From 0.5%

 -

12 Months

Annual

1.00%

0.50%

 -

Effective

From 1.00%

From 0.5%

 -

13-14 Months

Annual

1.00%

0.50%

 -

Effective

From 1.00%

From 0.5%

 -

15-17 Months

Annual

1.20%

0.70%

 -

Effective

From 1.2%

From 0.7%

 -

18-20 Months

Annual

1.20%

0.70%

 -

Effective

From 1.2%

From 0.7%

 -

21-23 Months

Annual

1.30%

0.80%

 -

Effective

From 1.29%

From 0.8%

 -

24 Months

Annual

1.30%

0.80%

 -

Effective

From 1.29%

From 0.8%

 -

Other terms

Note! 
In order to open Savings or Term Deposit accounts, you need to open a Corporate Current Account first.

Fees

  • Account opening and transactions are free of charge.

Minimum Balance Requirement

  • The minimum balance for the Term Deposits is 1000 GEL/USD/GBP.
  • It is not allowed to add extra amounts to the Term Deposits.

Terms and conditions

  • You can open a Term Deposit for the period of 1 to 24 months.

Operations

  • Only cash operations are accepted on the Term deposits
  • In case of termination the Deposit Agreement throughout 12 months starting from the effective date , no interest shall be accrued.
  • In case of termination the Deposit Agreement after 12 months starting from the effective date, annual 2% (in GEL) and annual 1% (in foreign currency)  shall be accrued to the account for the actual period of placement, from the effective date of the Agreement till the date of violation.
  • If the Depositor has already withdrawn the interest, then a part of the preliminarily paid interest amount shall be deducted from the payable deposit amount.
how to apply?

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