Don’t think about terms, think about the interest

Flex deposit is a term deposit with more flexibility than the regular ones.

Term deposit does not allow you to take interest after using the sum untimely while Flex deposit gives you an opportunity to get the full interest on actual months even if you breach the time.

Put your savings on Flex deposit and relax, as unexpectedness is insured at Terabank. 

 

Loan amount

Minumum :  - 500 unit*

Maximum - 100000 unit

Deposit Term - 12 month

*Effective interest Rate is calculated on 5,000 unit (The change rate- 2.4 (GEL/USD), 3.0 (GEL/EUR).

 

Breach of deposit term 

  • In case of breach of a deposit, if the mentioned breach was made before expiry of one calendar month from the day of its opening, penalty in the amount of 0,25% will be on the deposit amount.   
  • If the mentioned breach was made earlier than 3 months from opening the deposit, the interest rate of saving deposit, applicable at the bank, will be accrued on the deposit (in  the relevant currency).  
  • In case of breach of the deposit before the due date, the interest rate of full months passed before the date of breaching the deposit, will be accrued on  the deposit. 

 

Annual Deposit Rates

Month

Gel

USD 

Euro

3-5

8.00%

2.00%

0.25%

6-8

9.00%

2.50%

0.75%

9-11

9.50%

3.00%

1.00%

12 10.00% 3.50% 1.20%

Effective Deposit Rates

Month

Gel

USD 

Euro

3-5

7.67%

0.80%

-0.94%

6-8

8.81%

1.75%

0

9-11

9.30%

2.45%

0.45%

12 9.80% 3.00% 0.69%


 

 

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