Increasing Deposit

Saving money became easier! Open Increasing Deposit, get high interest rate and enjoy the renewed terms: 

  • Set a monthly minimum installment on the deposit partially;
  • Avail a two-month grace period and maintain the interest rate of the Increasing Deposit;
  • Get the rate of the Saving deposit in case of the monthly minimum installment delay after the elimination of the grace period. 

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, can be set partially;
  • Maximal monthly installment -  unlimited;
  • Accrued interest may be used - on a monthly basis or at the end of the term;
  • Grace period - 2 months. During the deposit term, in case of non-fulfillment of minimal monthly installment for 2 months in a row, the interest rate of the Increasing Deposit is still accrued;
  • Elimination of grace period - after the grace period, in case of the monthly minimum installment delay, the account is accrued with the rate of the Saving Deposit. The restoration of the interest rate of the Increasing Deposit happens after the maturity of the minimum monthly installment;
  • 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 amount.  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 In case of breach of the deposit maturity, already withdrawn interest (if the interest was accrued on a monthly basis) will be deducted from the principal amount of the deposit.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 units (The change rate- 2.4 (GEL/USD), 3.0 (GEL/EUR).
 

Interest rates for non-residents are determined by individual agreement

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 8.04% 7.70%
9-11 8.24% 8.06%
12-17 8.69% 8.68%
18-20 8.85% 8.97%
21-23 9.46% 9.80%
24 9.89% 10.35%

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 1.75% 1.25%
9-11 2.45% 1.97%
12-17 3.11% 2.67%
18-20 3.39% 2.98%
21-23 3.56% 3.18%
24 3.66% 3.29%

Annual Interest rate in EURO:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 0.25% 0.20%
9-11 0.75% 0.50%
12-17 1.25% 1.00%
18-20 1.50% 1.25%
21-23 1.65% 1.40%
24 1.75% 1.50%
 

Effective interest rate in EURO:

Deposit term Interest withdrawal at the end of the term Interest withdrawal on a monthly basis
6-8 -0.50% -0.55%
9-11 0.20% 0.04%
12-17 0.89% 0.64%
18-20 1.19% 0.94%
21-23 1.37% 1.13%
24 1.48% 1.24%
 

 

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