Increasing Deposit

You may open the Increasing Deposit for certain term, periodically add any amount to it and at the same time get the interest.  

Deposit terms:

  • Deposit opening - free
  • Deposit term: from 6 up to 24 months
  • Deposit currency: GEL, USD, EURO
  • Minimal amount for opening the deposit - 20 units*
  • Minimal monthly installment - 20 units
  • Maximal monthly installment -  unlimited
  • Accrued interest may be used - on a monthly basis or at the end of the term
  • The interest accrued on the deposit will be automatically transferred to the current, card or deposit account of the deposit, on the date of accrual.
  • In case of breach of the deposit maturity, if the mentioned breach was made before expiry of one calendar day from the date of its opening, penalty, in the amount of 0,25%, will be charged on the deposit amout.  If the deposit was breached after expiry of one calendar day from the date of its opening, the interest rate, applicable for the saving deposit at the bank,  in the moment of breach,  will be charged on the deposit. In case of breach of the deposit maturity, already withdrawn interest (if the interest was accrued on a monthly basis) will be deducted from the principal amount of the deposit.  

*Effective interest Rate is calculated on 5,000 unit.

Annual interest rate in GEL:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 8.25% 7.75%
9-11 8.50% 8.00%
12-17 9.00% 8.50%
18-20 9.25% 8.75%
21-23 10.00% 9.50%
24 10.50% 10.00%
 

Effective interest rate in GEL:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 8.18% 7.85%
9-11 8.39% 8.16%
12-17 7.74% 8.74%
18-20 8.90% 9.00%
21-23 9.50% 9.84%
24 9.93% 10.39%

Annual interes rate in USD:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 2.50% 2.00%
9-11 3.00% 2.50%
12-17 3.50% 3.00%
18-20 3.75% 3.25%
21-23 3.90% 3.40%
24 4.00% 3.50%
 

Effective interest rate in USD:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 2.42% 1.95%
9-11 2.93% 2.46%
12-17 3.42% 2.99%
18-20 3.65% 3.25%
21-23 3.79% 3.41%
24 3.88% 3.51%
 

Annual Interest rate in EURO:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 1.00% 0.50%
9-11 1.50% 1.00%
12-17 2.00% 1.50%
18-20 2.25% 1.75%
21-23 2.40% 1.90%
24 2.50% 2.00%
 

Effective interest rate in EURO:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 0.94% 0.44%
9-11 1.45% 0.96%
12-17 1.95% 1.47%
18-20 2.20% 1.73%
21-23 2.34% 1.89%
24 2.44% 1.99%
 

 

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